Hasbro, Inc. (NASDAQ:HAS) Shares Sold by Creative Planning

Creative Planning cut its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 0.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 249,350 shares of the company’s stock after selling 841 shares during the period. Creative Planning owned about 0.18% of Hasbro worth $18,033,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HAS. Plato Investment Management Ltd acquired a new position in Hasbro during the second quarter valued at $27,000. Asset Dedication LLC lifted its position in Hasbro by 290.1% during the second quarter. Asset Dedication LLC now owns 472 shares of the company’s stock valued at $28,000 after purchasing an additional 351 shares during the period. International Assets Investment Management LLC acquired a new position in Hasbro during the second quarter valued at $46,000. Summit Securities Group LLC acquired a new position in Hasbro during the second quarter valued at $47,000. Finally, Mather Group LLC. lifted its position in Hasbro by 56.7% during the third quarter. Mather Group LLC. now owns 804 shares of the company’s stock valued at $58,000 after purchasing an additional 291 shares during the period. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Hasbro Stock Down 1.4 %

Shares of NASDAQ HAS opened at $71.94 on Tuesday. Hasbro, Inc. has a 12-month low of $42.66 and a 12-month high of $73.46. The stock has a market cap of $10.02 billion, a PE ratio of -7.09, a P/E/G ratio of 0.54 and a beta of 0.61. The company has a current ratio of 1.46, a quick ratio of 1.27 and a debt-to-equity ratio of 2.95. The company has a 50-day moving average of $69.58 and a 200 day moving average of $63.37.

Hasbro (NASDAQ:HAS) last posted its earnings results on Thursday, July 25th. The company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.44. The company had revenue of $995.30 million for the quarter, compared to analyst estimates of $941.38 million. Hasbro had a negative net margin of 22.78% and a positive return on equity of 38.83%. Hasbro’s revenue was down 17.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.49 EPS. As a group, sell-side analysts predict that Hasbro, Inc. will post 3.94 EPS for the current fiscal year.

Wall Street Analyst Weigh In

HAS has been the subject of a number of research reports. Jefferies Financial Group boosted their target price on shares of Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Morgan Stanley upped their price objective on shares of Hasbro from $78.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. DA Davidson reiterated a “neutral” rating and issued a $59.00 price objective on shares of Hasbro in a research report on Friday, July 26th. Bank of America upped their price objective on shares of Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Finally, Stifel Nicolaus upped their price objective on shares of Hasbro from $78.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $75.10.

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.