Blair William & Co. IL lowered its stake in Hasbro, Inc. (NASDAQ:HAS) by 28.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 7,495 shares of the company’s stock after selling 3,008 shares during the quarter. Blair William & Co. IL’s holdings in Hasbro were worth $620,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Ovata Capital Management Ltd bought a new position in Hasbro in the second quarter worth approximately $27,000. Berman Capital Advisors LLC boosted its holdings in shares of Hasbro by 94.6% in the 3rd quarter. Berman Capital Advisors LLC now owns 358 shares of the company’s stock worth $28,000 after buying an additional 174 shares during the last quarter. Harbor Investment Advisory LLC raised its stake in shares of Hasbro by 3,542.9% in the third quarter. Harbor Investment Advisory LLC now owns 510 shares of the company’s stock valued at $42,000 after buying an additional 496 shares during the period. Nachman Norwood & Parrott Inc bought a new position in Hasbro in the 3rd quarter worth approximately $62,000. Finally, WASHINGTON TRUST Co raised its stake in shares of Hasbro by 46.1% during the 2nd quarter. WASHINGTON TRUST Co now owns 1,157 shares of the company’s stock valued at $85,000 after purchasing an additional 365 shares during the period. Institutional investors own 78.72% of the company’s stock.

Shares of NASDAQ:HAS opened at $93.02 on Friday. The stock has a market capitalization of $12.75 billion, a P/E ratio of 32.52, a price-to-earnings-growth ratio of 2.57 and a beta of 0.90. Hasbro, Inc. has a 12-month low of $41.33 and a 12-month high of $109.50. The stock’s 50-day moving average price is $86.34 and its 200-day moving average price is $77.92. The company has a current ratio of 1.62, a quick ratio of 1.39 and a debt-to-equity ratio of 1.70.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Monday, October 26th. The company reported $1.88 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.67 by $0.21. The business had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Hasbro had a net margin of 7.44% and a return on equity of 17.99%. The business’s revenue was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.84 earnings per share. As a group, research analysts predict that Hasbro, Inc. will post 3.58 EPS for the current year.

HAS has been the subject of a number of analyst reports. Truist raised their price objective on shares of Hasbro from $75.00 to $82.00 in a research report on Tuesday, October 27th. Barclays upped their price target on shares of Hasbro from $90.00 to $94.00 and gave the stock an “overweight” rating in a report on Tuesday, October 27th. JPMorgan Chase & Co. lifted their price objective on Hasbro from $83.00 to $92.00 and gave the company a “neutral” rating in a research note on Friday, October 23rd. MKM Partners boosted their target price on Hasbro from $90.00 to $104.00 in a research report on Tuesday, October 13th. Finally, Stifel Nicolaus raised Hasbro from a “hold” rating to a “buy” rating and raised their price target for the company from $73.00 to $100.00 in a report on Wednesday, September 30th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $89.11.

In other news, Director Linda Kay Zecher sold 818 shares of Hasbro stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $79.61, for a total transaction of $65,120.98. Following the transaction, the director now directly owns 11,940 shares of the company’s stock, valued at approximately $950,543.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Deborah Thomas sold 7,168 shares of the business’s stock in a transaction that occurred on Tuesday, November 3rd. The shares were sold at an average price of $85.00, for a total value of $609,280.00. Following the transaction, the chief financial officer now owns 111,069 shares of the company’s stock, valued at $9,440,865. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 83,536 shares of company stock valued at $6,976,026. 8.60% of the stock is owned by corporate insiders.

About Hasbro

Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. The company's U.S. and Canada segment markets and sells action figures, arts and crafts, and creative play products; electronic toys and related electronic interactive products; fashion and other dolls, infant products, play sets, preschool toys, plush products, and sports action blasters and accessories; and vehicles and toy-related specialty products, as well as traditional board games, and trading card and role-playing games primarily in the United States and Canada.

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Institutional Ownership by Quarter for Hasbro (NASDAQ:HAS)

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