Hasbro, Inc. (NASDAQ:HAS) Stock Position Decreased by Strengthening Families & Communities LLC

Strengthening Families & Communities LLC decreased its position in Hasbro, Inc. (NASDAQ:HAS) by 86.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,442 shares of the company’s stock after selling 15,331 shares during the quarter. Strengthening Families & Communities LLC’s holdings in Hasbro were worth $137,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Huntington National Bank lifted its position in shares of Hasbro by 27.3% in the third quarter. Huntington National Bank now owns 759 shares of the company’s stock worth $55,000 after buying an additional 163 shares during the last quarter. Glenmede Trust Co. NA lifted its holdings in Hasbro by 2.2% in the 3rd quarter. Glenmede Trust Co. NA now owns 7,657 shares of the company’s stock worth $554,000 after purchasing an additional 166 shares during the last quarter. Stratos Wealth Advisors LLC lifted its holdings in Hasbro by 4.6% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 4,924 shares of the company’s stock worth $356,000 after purchasing an additional 217 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Hasbro by 1.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 14,249 shares of the company’s stock worth $797,000 after purchasing an additional 259 shares during the period. Finally, Mather Group LLC. grew its holdings in Hasbro by 56.7% during the third quarter. Mather Group LLC. now owns 804 shares of the company’s stock valued at $58,000 after purchasing an additional 291 shares during the last quarter. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro Stock Up 0.6 %

Shares of NASDAQ HAS opened at $59.41 on Tuesday. Hasbro, Inc. has a one year low of $46.09 and a one year high of $73.46. The business has a fifty day simple moving average of $59.04 and a 200 day simple moving average of $64.34. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.29 and a current ratio of 1.47.

Analyst Upgrades and Downgrades

HAS has been the subject of several recent analyst reports. Morgan Stanley upped their price objective on shares of Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. DA Davidson raised their price target on Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. boosted their price objective on Hasbro from $76.00 to $82.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Bank of America raised their target price on Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Finally, Stifel Nicolaus cut their price target on Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a report on Friday, January 3rd. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock 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 stock was sold at an average price of $65.06, for a total transaction of $111,773.08. Following the sale, the executive vice president now directly owns 36,828 shares of the company’s stock, valued at approximately $2,396,029.68. The trade was a 4.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.82% of the company’s stock.

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.