Contravisory Investment Management Inc. Boosts Position in Hasbro, Inc. (NASDAQ:HAS)

Contravisory Investment Management Inc. grew its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 2.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 11,422 shares of the company’s stock after acquiring an additional 327 shares during the period. Contravisory Investment Management Inc.’s holdings in Hasbro were worth $639,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of HAS. American Century Companies Inc. raised its position in Hasbro by 25.8% during the 2nd quarter. American Century Companies Inc. now owns 17,377 shares of the company’s stock valued at $1,017,000 after purchasing an additional 3,567 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Hasbro by 7.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,858,541 shares of the company’s stock valued at $108,723,000 after acquiring an additional 135,548 shares in the last quarter. Wealth Alliance lifted its stake in Hasbro by 22.0% in the second quarter. Wealth Alliance now owns 4,377 shares of the company’s stock worth $256,000 after acquiring an additional 790 shares during the period. Amalgamated Bank grew its holdings in Hasbro by 3.9% during the 2nd quarter. Amalgamated Bank now owns 28,594 shares of the company’s stock worth $1,673,000 after acquiring an additional 1,065 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its position in Hasbro by 2.8% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 6,588 shares of the company’s stock valued at $385,000 after purchasing an additional 179 shares during the period. Institutional investors own 91.83% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Morgan Stanley boosted their price objective on shares of Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Bank of America lifted their target price on Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. JPMorgan Chase & Co. increased their price target on shares of Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. DA Davidson lifted their price objective on shares of Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Finally, Jefferies Financial Group increased their price objective on Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Hasbro presently has a consensus rating of “Moderate Buy” and an average target price of $80.11.

Insider Buying and Selling at Hasbro

In other news, EVP Matthew Edward Austin sold 1,718 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $65.06, for a total value 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.82% of the company’s stock.

Hasbro Stock Performance

Shares of HAS stock opened at $56.16 on Thursday. The business has a fifty day moving average of $60.95 and a 200 day moving average of $64.41. Hasbro, Inc. has a 1 year low of $46.09 and a 1 year high of $73.46. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.29 and a current ratio of 1.47.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Thursday, October 24th. The company reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.45. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.30 billion. Hasbro had a negative net margin of 14.83% and a positive return on equity of 47.91%. The firm’s revenue for the quarter was down 14.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.64 earnings per share. Equities research analysts anticipate 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.