Krilogy Financial LLC Buys 9,913 Shares of Hasbro, Inc. (NASDAQ:HAS)

Krilogy Financial LLC grew its stake in Hasbro, Inc. (NASDAQ:HAS) by 50.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 29,445 shares of the company’s stock after purchasing an additional 9,913 shares during the quarter. Krilogy Financial LLC’s holdings in Hasbro were worth $1,646,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

A number of equities analysts recently commented on HAS shares. JPMorgan Chase & Co. boosted their price objective on shares of Hasbro from $76.00 to $82.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. DA Davidson boosted their price target on Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Jefferies Financial Group raised their price objective on Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Bank of America boosted their target price on shares of Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Finally, Stifel Nicolaus lowered their price target on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a 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 data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.11.

Insider Buying and Selling at Hasbro

In other Hasbro news, EVP Matthew Edward Austin sold 1,718 shares of Hasbro stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 36,828 shares in the company, valued at approximately $2,396,029.68. The trade was a 4.46 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.82% of the company’s stock.

Hasbro Stock Down 0.7 %

HAS stock opened at $57.34 on Friday. The stock has a market capitalization of $8.00 billion, a PE ratio of -12.36, a price-to-earnings-growth ratio of 0.47 and a beta of 0.64. Hasbro, Inc. has a 52 week low of $46.09 and a 52 week high of $73.46. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 2.64. The firm has a 50 day moving average of $60.54 and a 200 day moving average of $64.35.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Thursday, October 24th. The company reported $1.73 EPS for the quarter, topping the consensus estimate 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 business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the previous year, the firm posted $1.64 earnings per share. The business’s revenue for the quarter was down 14.8% compared to the same quarter last year. Sell-side analysts forecast that Hasbro, Inc. will post 3.87 earnings per share for the current year.

Hasbro Company 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.