Pinnacle Bancorp Inc. Sells 650 Shares of Hasbro, Inc. (NASDAQ:HAS)

Pinnacle Bancorp Inc. lessened its holdings in shares of Hasbro, Inc. (NASDAQ:HASFree Report) by 34.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,255 shares of the company’s stock after selling 650 shares during the quarter. Pinnacle Bancorp Inc.’s holdings in Hasbro were worth $70,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Huntington National Bank increased its holdings in shares of Hasbro by 27.3% during the 3rd quarter. Huntington National Bank now owns 759 shares of the company’s stock worth $55,000 after acquiring an additional 163 shares during the last quarter. Glenmede Trust Co. NA boosted its position in Hasbro by 2.2% during the third 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 period. Axiom Advisory LLC increased its holdings in shares of Hasbro by 1.6% in the third quarter. Axiom Advisory LLC now owns 10,880 shares of the company’s stock valued at $787,000 after purchasing an additional 170 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its position in shares of Hasbro by 2.8% in the second 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. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Hasbro by 18.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,256 shares of the company’s stock worth $81,000 after buying an additional 196 shares during the last quarter. Institutional investors own 91.83% of the company’s stock.

Hasbro Stock Up 2.8 %

HAS stock opened at $57.74 on Friday. The company has a market cap of $8.05 billion, a PE ratio of -12.44, a price-to-earnings-growth ratio of 0.47 and a beta of 0.64. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 2.64. Hasbro, Inc. has a 52 week low of $46.09 and a 52 week high of $73.46. The business has a 50-day simple moving average of $60.81 and a 200 day simple moving average of $64.35.

Hasbro (NASDAQ:HASGet Free Report) last issued its 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 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 business’s revenue for the quarter was down 14.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.64 EPS. Sell-side analysts anticipate that Hasbro, Inc. will post 3.87 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Get Our Latest Research Report on Hasbro

Insider Buying and Selling at Hasbro

In related news, EVP Matthew Edward Austin sold 1,718 shares of the company’s stock in a transaction 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 completion of the sale, the executive vice president now directly owns 36,828 shares in the company, valued at $2,396,029.68. This represents a 4.46 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.82% of the company’s stock.

Hasbro Company Profile

(Free Report)

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.

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Want to see what other hedge funds are holding HAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hasbro, Inc. (NASDAQ:HASFree Report).

Institutional Ownership by Quarter for Hasbro (NASDAQ:HAS)

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