Sequoia Financial Advisors LLC Acquires New Position in Hasbro, Inc. $HAS

Sequoia Financial Advisors LLC purchased a new position in Hasbro, Inc. (NASDAQ:HAS) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 6,626 shares of the company’s stock, valued at approximately $543,000.

A number of other large investors have also bought and sold shares of HAS. Signaturefd LLC lifted its stake in shares of Hasbro by 6.4% during the 4th quarter. Signaturefd LLC now owns 2,268 shares of the company’s stock worth $186,000 after acquiring an additional 137 shares during the last quarter. Personal CFO Solutions LLC lifted its stake in shares of Hasbro by 3.9% during the 4th quarter. Personal CFO Solutions LLC now owns 3,666 shares of the company’s stock worth $301,000 after acquiring an additional 137 shares during the last quarter. United Capital Financial Advisors LLC lifted its stake in shares of Hasbro by 2.2% during the 3rd quarter. United Capital Financial Advisors LLC now owns 6,500 shares of the company’s stock worth $493,000 after acquiring an additional 139 shares during the last quarter. Retirement Systems of Alabama lifted its stake in shares of Hasbro by 0.5% during the 3rd quarter. Retirement Systems of Alabama now owns 28,418 shares of the company’s stock worth $2,156,000 after acquiring an additional 151 shares during the last quarter. Finally, Fifth Third Bancorp lifted its stake in shares of Hasbro by 2.0% during the 3rd quarter. Fifth Third Bancorp now owns 7,620 shares of the company’s stock worth $578,000 after acquiring an additional 152 shares during the last quarter. 91.83% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Christian P. Cocks sold 196,411 shares of Hasbro stock in a transaction 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 transaction, the chief executive officer directly owned 303,310 shares in the company, valued at approximately $30,431,092.30. This trade represents a 39.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.71% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Jefferies Financial Group raised their price target on Hasbro from $95.00 to $112.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Weiss Ratings raised Hasbro from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday. Wolfe Research raised their price objective on Hasbro from $90.00 to $124.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. Wells Fargo & Company assumed coverage on Hasbro in a report on Wednesday, March 11th. They set an “equal weight” rating and a $98.00 price objective on the stock. Finally, BNP Paribas Exane reduced their price objective on Hasbro from $118.00 to $115.00 and set an “outperform” rating on the stock in a report on Wednesday, April 1st. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $113.14.

Hasbro Trading Down 0.4%

HAS opened at $95.25 on Friday. The stock’s fifty day moving average is $93.46 and its two-hundred day moving average is $88.90. The company 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, Inc. has a 52 week low of $64.74 and a 52 week high of $106.98. The company has a quick ratio of 1.24, a current ratio of 1.65 and a debt-to-equity ratio of 4.59.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Wednesday, May 20th. The company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.12 by $0.27. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $969.20 million. Hasbro had a positive return on equity of 172.27% and a negative net margin of 4.62%. Analysts forecast that Hasbro, Inc. will post 5.8 earnings per share for the current year.

Hasbro Profile

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.