Empowered Funds LLC Makes New $377,000 Investment in Hasbro, Inc. (NASDAQ:HAS)

Empowered Funds LLC bought a new stake in Hasbro, Inc. (NASDAQ:HAS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,736 shares of the company’s stock, valued at approximately $377,000.

Several other hedge funds also recently modified their holdings of the stock. Blue Trust Inc. increased its holdings in Hasbro by 224.8% during the 3rd quarter. Blue Trust Inc. now owns 432 shares of the company’s stock worth $31,000 after purchasing an additional 299 shares in the last quarter. True Wealth Design LLC bought a new stake in Hasbro in the 3rd quarter valued at about $31,000. Itau Unibanco Holding S.A. purchased a new stake in shares of Hasbro during the 3rd quarter valued at approximately $40,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Hasbro during the third quarter worth $45,000. Finally, Ashton Thomas Securities LLC purchased a new position in Hasbro during the 3rd quarter valued at about $49,000. Institutional investors own 91.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on HAS shares. Morgan Stanley increased their price objective on Hasbro from $80.00 to $92.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. DA Davidson upped their price target on Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Finally, Stifel Nicolaus reduced their price objective on Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a research report on Friday, January 3rd. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.11.

Insider Activity at Hasbro

In other news, EVP Matthew Edward Austin sold 1,718 shares of the company’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $65.06, for a total transaction of $111,773.08. Following the completion of the transaction, the executive vice president now directly owns 36,828 shares of the company’s stock, valued at approximately $2,396,029.68. This represents a 4.46 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.82% of the company’s stock.

Hasbro Trading Up 13.1 %

Shares of NASDAQ:HAS opened at $69.16 on Friday. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.47 and a quick ratio of 1.29. The firm has a market capitalization of $9.65 billion, a price-to-earnings ratio of -14.91, a price-to-earnings-growth ratio of 0.53 and a beta of 0.64. Hasbro, Inc. has a 1 year low of $48.63 and a 1 year high of $73.46. The business’s 50 day moving average price is $58.21 and its 200-day moving average price is $64.13.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.36 by $0.10. Hasbro had a positive return on equity of 47.91% and a negative net margin of 14.83%. On average, equities research analysts forecast that Hasbro, Inc. will post 3.86 earnings per share for the current fiscal year.

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.