Legacy Capital Group California Inc. Acquires 233 Shares of Hasbro, Inc. (NASDAQ:HAS)

Legacy Capital Group California Inc. boosted its stake in Hasbro, Inc. (NASDAQ:HAS) by 3.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,004 shares of the company’s stock after acquiring an additional 233 shares during the period. Legacy Capital Group California Inc.’s holdings in Hasbro were worth $518,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Carolinas Wealth Consulting LLC increased its position in shares of Hasbro by 60.9% during the first quarter. Carolinas Wealth Consulting LLC now owns 309 shares of the company’s stock valued at $25,000 after buying an additional 117 shares during the period. Kinneret Advisory LLC raised its position in shares of Hasbro by 2.3% in the 1st quarter. Kinneret Advisory LLC now owns 6,656 shares of the company’s stock worth $545,000 after acquiring an additional 149 shares in the last quarter. Yousif Capital Management LLC raised its position in shares of Hasbro by 0.7% in the 1st quarter. Yousif Capital Management LLC now owns 20,502 shares of the company’s stock worth $1,680,000 after acquiring an additional 150 shares in the last quarter. Continuum Advisory LLC lifted its stake in shares of Hasbro by 0.6% in the 1st quarter. Continuum Advisory LLC now owns 26,303 shares of the company’s stock valued at $61,000 after purchasing an additional 155 shares during the period. Finally, Baird Financial Group Inc. boosted its position in shares of Hasbro by 2.6% during the third quarter. Baird Financial Group Inc. now owns 7,024 shares of the company’s stock valued at $473,000 after purchasing an additional 180 shares in the last quarter. 82.84% of the stock is currently owned by institutional investors.

Hasbro Stock Performance

Shares of NASDAQ:HAS traded up $0.02 during midday trading on Friday, reaching $45.15. 1,183,332 shares of the company’s stock traded hands, compared to its average volume of 1,832,703. Hasbro, Inc. has a one year low of $42.66 and a one year high of $73.57. The stock has a 50 day moving average of $56.40 and a 200 day moving average of $61.14. The company has a market cap of $6.27 billion, a price-to-earnings ratio of -11.26, a P/E/G ratio of 2.45 and a beta of 0.77. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.30 and a current ratio of 1.60.

Hasbro (NASDAQ:HAS) last posted its earnings results on Thursday, October 26th. The company reported $1.64 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.64. Hasbro had a negative net margin of 10.33% and a positive return on equity of 18.55%. The business had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.62 billion. During the same quarter in the prior year, the business earned $1.42 EPS. The business’s revenue for the quarter was down 10.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Hasbro, Inc. will post 3.05 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on HAS shares. StockNews.com raised Hasbro from a “sell” rating to a “hold” rating in a research report on Monday, October 16th. Bank of America reissued a “neutral” rating and set a $53.00 price objective (down previously from $90.00) on shares of Hasbro in a research note on Friday, October 27th. DA Davidson cut their price objective on shares of Hasbro from $71.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, October 27th. Argus lifted their target price on shares of Hasbro from $70.00 to $75.00 in a report on Friday, August 4th. Finally, Stifel Nicolaus upped their price target on Hasbro from $79.00 to $94.00 and gave the stock a “buy” rating in a research note on Friday, August 25th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $71.69.

Hasbro Profile

Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company in the United States and internationally. The company operates through Consumer Products, Wizards of the Coast and Digital Gaming, and Entertainment segments. The Consumer Products segment engages in the sourcing, marketing, and sale of toy and game products.