GLOBALT Investments LLC GA Makes New Investment in Hasbro, Inc. $HAS

GLOBALT Investments LLC GA acquired a new position in Hasbro, Inc. (NASDAQ:HAS) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 35,567 shares of the company’s stock, valued at approximately $2,916,000.

Several other large investors also recently modified their holdings of the company. Brighton Jones LLC purchased a new position in Hasbro during the fourth quarter valued at $317,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Hasbro by 11.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,563 shares of the company’s stock valued at $1,018,000 after acquiring an additional 1,753 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Hasbro by 95.8% in the first quarter. Empowered Funds LLC now owns 13,187 shares of the company’s stock valued at $811,000 after acquiring an additional 6,451 shares in the last quarter. Woodline Partners LP lifted its position in shares of Hasbro by 40.7% in the first quarter. Woodline Partners LP now owns 11,078 shares of the company’s stock valued at $681,000 after acquiring an additional 3,203 shares in the last quarter. Finally, Focus Partners Wealth purchased a new position in shares of Hasbro in the first quarter valued at about $292,000. Institutional investors own 91.83% of the company’s stock.

Hasbro Stock Performance

Shares of NASDAQ HAS opened at $95.25 on Monday. The business’s 50 day moving average is $93.46 and its two-hundred day moving average is $88.98. The company has a debt-to-equity ratio of 4.59, a current ratio of 1.65 and a quick ratio of 1.49. Hasbro, Inc. has a 1-year low of $64.74 and a 1-year high of $106.98. The stock has a market capitalization of $13.48 billion, a P/E ratio of -40.53, a PEG ratio of 2.78 and a beta of 0.52.

Hasbro (NASDAQ:HAS) last released its earnings results on Wednesday, May 20th. The company reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.19. The firm had revenue of $1 billion for the quarter, compared to analysts’ expectations of $969.20 million. Hasbro had a positive return on equity of 172.27% and a negative net margin of 4.62%. As a group, research analysts expect that Hasbro, Inc. will post 5.8 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. BNP Paribas Exane lowered their price objective on Hasbro from $118.00 to $115.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 1st. Wolfe Research lifted their target price on Hasbro from $90.00 to $124.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. DA Davidson reduced their target price on Hasbro from $110.00 to $100.00 and set a “neutral” rating on the stock in a report on Friday, April 24th. Weiss Ratings raised Hasbro from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday. Finally, Wells Fargo & Company started coverage on Hasbro in a report on Wednesday, March 11th. They issued an “equal weight” rating and a $98.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $113.14.

Insider Activity

In related news, CEO Christian P. Cocks sold 196,411 shares of the business’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $100.33, for a total value of $19,705,915.63. Following the completion of the sale, the chief executive officer owned 303,310 shares in the company, valued at approximately $30,431,092.30. The trade was a 39.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.71% of the company’s stock.

About Hasbro

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.