Edgestream Partners L.P. Makes New Investment in Hasbro, Inc. (NASDAQ:HAS)

Edgestream Partners L.P. bought a new position in Hasbro, Inc. (NASDAQ:HAS) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 18,824 shares of the company’s stock, valued at approximately $1,064,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HAS. Capital Research Global Investors grew its stake in shares of Hasbro by 27.0% during the 4th quarter. Capital Research Global Investors now owns 15,381,255 shares of the company’s stock valued at $785,367,000 after buying an additional 3,273,563 shares during the period. Cooke & Bieler LP grew its stake in shares of Hasbro by 31.6% during the 4th quarter. Cooke & Bieler LP now owns 3,188,417 shares of the company’s stock valued at $162,801,000 after buying an additional 765,898 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Hasbro by 26.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,441,228 shares of the company’s stock valued at $73,593,000 after buying an additional 300,420 shares during the period. Norges Bank purchased a new stake in Hasbro during the 4th quarter worth $70,544,000. Finally, Kovitz Investment Group Partners LLC boosted its position in Hasbro by 1.7% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 1,326,984 shares of the company’s stock worth $67,756,000 after purchasing an additional 22,688 shares during the period. 91.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HAS has been the subject of a number of research reports. Morgan Stanley reaffirmed an “overweight” rating and set a $77.00 price target on shares of Hasbro in a research report on Monday, May 20th. DA Davidson upped their price target on shares of Hasbro from $52.00 to $59.00 and gave the stock a “neutral” rating in a research report on Monday, April 29th. StockNews.com raised shares of Hasbro from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th. Monness Crespi & Hardt upped their price target on shares of Hasbro from $60.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Finally, Bank of America raised shares of Hasbro from a “neutral” rating to a “buy” rating and upped their price target for the stock from $70.00 to $80.00 in a research report on Friday, June 14th. Four 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.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $69.00.

Insider Activity

In related news, EVP Tarrant L. Sibley sold 13,000 shares of the stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $60.26, for a total transaction of $783,380.00. Following the sale, the executive vice president now owns 53,003 shares in the company, valued at $3,193,960.78. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.82% of the company’s stock.

Hasbro Stock Down 1.9 %

Shares of Hasbro stock traded down $1.13 during trading on Tuesday, reaching $58.72. The company had a trading volume of 181,313 shares, compared to its average volume of 1,774,219. The company has a market cap of $8.17 billion, a price-to-earnings ratio of -5.90, a price-to-earnings-growth ratio of 0.60 and a beta of 0.62. The firm’s fifty day moving average is $59.49 and its 200-day moving average is $55.70. The company has a debt-to-equity ratio of 2.88, a quick ratio of 0.93 and a current ratio of 1.11. Hasbro, Inc. has a fifty-two week low of $42.66 and a fifty-two week high of $73.57.

Hasbro (NASDAQ:HAS) last issued its earnings results on Wednesday, April 24th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.34. The business had revenue of $757.30 million for the quarter, compared to analyst estimates of $739.84 million. Hasbro had a negative net margin of 29.60% and a positive return on equity of 25.41%. The company’s revenue for the quarter was down 24.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.01 EPS. On average, analysts anticipate that Hasbro, Inc. will post 3.75 EPS for the current 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.