USA Financial Formulas Sells 11,634 Shares of Hasbro, Inc. (NASDAQ:HAS)

USA Financial Formulas lowered its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 55.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,350 shares of the company’s stock after selling 11,634 shares during the quarter. USA Financial Formulas’ holdings in Hasbro were worth $523,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Park Avenue Securities LLC increased its holdings in Hasbro by 8.6% in the 4th quarter. Park Avenue Securities LLC now owns 7,172 shares of the company’s stock valued at $401,000 after buying an additional 569 shares during the period. Assenagon Asset Management S.A. acquired a new position in Hasbro during the 4th quarter worth about $5,727,000. FNY Investment Advisers LLC grew its stake in shares of Hasbro by 59.0% during the fourth quarter. FNY Investment Advisers LLC now owns 6,200 shares of the company’s stock valued at $346,000 after purchasing an additional 2,300 shares during the last quarter. Czech National Bank increased its stake in shares of Hasbro by 6.6% in the 4th quarter. Czech National Bank now owns 28,447 shares of the company’s stock valued at $1,590,000 after buying an additional 1,753 shares during the period. Finally, Graypoint LLC lifted its position in Hasbro by 3.8% during the 4th quarter. Graypoint LLC now owns 11,038 shares of the company’s stock valued at $617,000 after purchasing an additional 404 shares during the period. 91.83% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other 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 transaction, the executive vice president now directly owns 36,828 shares in the company, valued at approximately $2,396,029.68. This trade represents a 4.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.82% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

HAS has been the topic of several recent research reports. DA Davidson raised 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. JPMorgan Chase & Co. raised their price objective on shares of Hasbro from $76.00 to $82.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Stifel Nicolaus decreased their price target on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. Bank of America raised their price objective on Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Finally, Jefferies Financial Group boosted 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. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Hasbro currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.11.

Hasbro Stock Performance

NASDAQ HAS opened at $56.16 on Thursday. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.29 and a current ratio of 1.47. The company has a 50-day simple moving average of $60.95 and a 200 day simple moving average of $64.41. Hasbro, Inc. has a 52-week low of $46.09 and a 52-week high of $73.46.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Thursday, October 24th. The company reported $1.73 EPS for the quarter, beating the consensus estimate of $1.28 by $0.45. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.30 billion. Hasbro had a negative net margin of 14.83% and a positive return on equity of 47.91%. The business’s quarterly revenue was down 14.8% compared to the same quarter last year. During the same period last year, the firm earned $1.64 EPS. Analysts forecast that Hasbro, Inc. will post 3.87 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.