Lafayette Investments Inc. Decreases Position in Hasbro, Inc. (NASDAQ:HAS)

Lafayette Investments Inc. decreased its holdings in Hasbro, Inc. (NASDAQ:HAS) by 0.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,948 shares of the company’s stock after selling 225 shares during the quarter. Lafayette Investments Inc.’s holdings in Hasbro were worth $2,094,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HAS. Plato Investment Management Ltd acquired a new position in Hasbro during the 2nd quarter valued at approximately $27,000. Asset Dedication LLC increased its position in shares of Hasbro by 290.1% in the 2nd quarter. Asset Dedication LLC now owns 472 shares of the company’s stock valued at $28,000 after acquiring an additional 351 shares during the period. Blue Trust Inc. raised its stake in Hasbro by 224.8% in the 3rd quarter. Blue Trust Inc. now owns 432 shares of the company’s stock worth $31,000 after acquiring an additional 299 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in Hasbro during the 2nd quarter worth about $46,000. Finally, Summit Securities Group LLC acquired a new position in shares of Hasbro in the second quarter valued at about $47,000. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Hasbro Price Performance

NASDAQ HAS traded down $3.49 during trading hours on Thursday, reaching $66.84. The company’s stock had a trading volume of 354,154 shares, compared to its average volume of 1,618,349. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.46 and a quick ratio of 1.27. Hasbro, Inc. has a 1-year low of $42.66 and a 1-year high of $73.46. The company’s 50-day moving average is $69.84 and its two-hundred day moving average is $63.52. The firm has a market capitalization of $9.31 billion, a price-to-earnings ratio of -6.59, a P/E/G ratio of 0.54 and a beta of 0.61.

Hasbro (NASDAQ:HAS) last announced its earnings results on Thursday, October 24th. The company reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.37. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.30 billion. Hasbro had a positive return on equity of 38.83% and a negative net margin of 22.78%. The business’s revenue was down 14.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.64 EPS. On average, equities analysts predict that Hasbro, Inc. will post 3.94 EPS for the current year.

Analysts Set New Price Targets

HAS has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their target price on Hasbro from $76.00 to $82.00 and gave the stock an “overweight” rating in a report on Monday. Stifel Nicolaus upped their price objective on shares of Hasbro from $78.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Jefferies Financial Group raised their target price on shares of Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Bank of America upped their price target on shares of Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Finally, Morgan Stanley lifted their price objective on Hasbro from $78.00 to $79.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price 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.