Albion Financial Group UT Has $2.71 Million Stock Holdings in Hasbro, Inc. (NASDAQ:HAS)

Albion Financial Group UT reduced its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 1.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 48,423 shares of the company’s stock after selling 569 shares during the quarter. Albion Financial Group UT’s holdings in Hasbro were worth $2,707,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. American Century Companies Inc. raised its position in Hasbro by 25.8% during the second quarter. American Century Companies Inc. now owns 17,377 shares of the company’s stock valued at $1,017,000 after purchasing an additional 3,567 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Hasbro by 7.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,858,541 shares of the company’s stock worth $108,723,000 after buying an additional 135,548 shares in the last quarter. Amalgamated Bank lifted its position in shares of Hasbro by 3.9% during the 2nd quarter. Amalgamated Bank now owns 28,594 shares of the company’s stock worth $1,673,000 after buying an additional 1,065 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in Hasbro by 2.8% in the second quarter. Mercer Global Advisors Inc. ADV now owns 6,588 shares of the company’s stock valued at $385,000 after buying an additional 179 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its position in Hasbro by 1,213.5% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,246 shares of the company’s stock valued at $132,000 after acquiring an additional 2,075 shares during the last quarter. 91.83% of the stock is owned by institutional investors and hedge funds.

Hasbro Stock Up 1.0 %

Shares of HAS stock opened at $57.93 on Wednesday. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 2.64. Hasbro, Inc. has a one year low of $46.09 and a one year high of $73.46. The business’s 50 day simple moving average is $60.40 and its 200 day simple moving average is $64.41.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Thursday, October 24th. The company reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.45. Hasbro had a negative net margin of 14.83% and a positive return on equity of 47.91%. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same period in the prior year, the firm posted $1.64 EPS. The company’s quarterly revenue was down 14.8% on a year-over-year basis. As a group, equities analysts anticipate that Hasbro, Inc. will post 3.86 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Bank of America raised their price target on shares of Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Morgan Stanley boosted their target price on shares of Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. increased their price target on Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Jefferies Financial Group boosted their price objective on Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. Finally, DA Davidson increased their target price on Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $80.11.

Insiders Place Their Bets

In related news, EVP Matthew Edward Austin sold 1,718 shares of the business’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $65.06, for a total transaction of $111,773.08. Following the transaction, the executive vice president now owns 36,828 shares in the company, valued at $2,396,029.68. The trade was a 4.46 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.82% of the company’s stock.

Hasbro Profile

Hasbro, Inc, together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments.