Brookstone Capital Management Takes $203,000 Position in Hasbro, Inc. (NASDAQ:HAS)

Brookstone Capital Management acquired a new position in Hasbro, Inc. (NASDAQ:HAS) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,589 shares of the company’s stock, valued at approximately $203,000.

Several other large investors have also modified their holdings of the company. Studio Investment Management LLC acquired a new position in shares of Hasbro during the third quarter worth approximately $26,000. Parkside Financial Bank & Trust raised its stake in Hasbro by 300.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 544 shares of the company’s stock valued at $28,000 after purchasing an additional 408 shares during the last quarter. Optiver Holding B.V. bought a new stake in Hasbro in the 4th quarter valued at $36,000. Orion Capital Management LLC acquired a new stake in Hasbro in the 3rd quarter worth $37,000. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its holdings in shares of Hasbro by 118.4% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 841 shares of the company’s stock worth $43,000 after purchasing an additional 456 shares during the period. 91.83% of the stock is owned by institutional investors.

Hasbro Trading Down 0.1 %

Shares of NASDAQ:HAS opened at $57.03 on Thursday. The company has a market capitalization of $7.94 billion, a P/E ratio of -5.62, a P/E/G ratio of 0.61 and a beta of 0.62. The company has a debt-to-equity ratio of 2.88, a current ratio of 1.11 and a quick ratio of 0.93. Hasbro, Inc. has a 1 year low of $42.66 and a 1 year high of $73.57. The business’s 50 day simple moving average is $60.28 and its 200 day simple moving average is $54.92.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.27 by $0.34. The business had revenue of $757.30 million during the quarter, compared to the consensus estimate of $739.84 million. Hasbro had a negative net margin of 29.60% and a positive return on equity of 25.41%. The firm’s revenue was down 24.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.01 EPS. On average, research analysts anticipate that Hasbro, Inc. will post 3.72 EPS for the current fiscal year.

Insider Buying and Selling at Hasbro

In other news, EVP Tarrant L. Sibley sold 13,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $60.26, for a total transaction of $783,380.00. Following the transaction, the executive vice president now directly owns 53,003 shares of the company’s stock, valued at $3,193,960.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.82% of the company’s stock.

Analyst Upgrades and Downgrades

HAS has been the subject of several research reports. Morgan Stanley reiterated an “overweight” rating and issued a $77.00 target price on shares of Hasbro in a research note on Monday, May 20th. Jefferies Financial Group raised their price objective on Hasbro from $61.00 to $63.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. Stifel Nicolaus boosted their price objective on Hasbro from $64.00 to $67.00 and gave the company a “buy” rating in a research report on Monday, April 15th. DA Davidson raised their price target on shares of Hasbro from $52.00 to $59.00 and gave the stock a “neutral” rating in a research note on Monday, April 29th. Finally, UBS Group lifted their price objective on Hasbro from $68.00 to $69.00 and gave the company a “buy” rating in a report on Friday, May 24th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $69.00.

About Hasbro

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.