Lecap Asset Management Ltd. Buys 8,149 Shares of Hasbro, Inc. (NASDAQ:HAS)

Lecap Asset Management Ltd. boosted its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 29.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,175 shares of the company’s stock after purchasing an additional 8,149 shares during the quarter. Lecap Asset Management Ltd.’s holdings in Hasbro were worth $2,023,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HAS. Huntington National Bank grew its holdings in shares of Hasbro by 27.3% during the third quarter. Huntington National Bank now owns 759 shares of the company’s stock worth $55,000 after purchasing an additional 163 shares during the last quarter. Glenmede Trust Co. NA grew its holdings in shares of 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 last quarter. Stratos Wealth Advisors LLC grew its holdings in shares of Hasbro by 4.6% during the third 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 grew its holdings in shares of 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 last quarter. Finally, Mather Group LLC. grew its holdings in shares of Hasbro by 56.7% during the third quarter. Mather Group LLC. now owns 804 shares of the company’s stock worth $58,000 after purchasing an additional 291 shares during the last quarter. 91.83% of the stock is owned by institutional investors.

Insiders Place Their Bets

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

Hasbro Price Performance

Hasbro stock opened at $59.65 on Friday. The stock has a market capitalization of $8.32 billion, a price-to-earnings ratio of -12.86, a PEG ratio of 0.50 and a beta of 0.64. Hasbro, Inc. has a 52-week low of $46.09 and a 52-week high of $73.46. The stock’s 50 day moving average price is $59.24 and its two-hundred day moving average price is $64.30. 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

Several analysts have recently weighed in on HAS shares. Stifel Nicolaus reduced their price target on Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a report on Friday, January 3rd. DA Davidson boosted 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. increased their target price 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. Bank of America increased their target price on shares of Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Finally, Morgan Stanley increased their target price on shares of Hasbro from $80.00 to $92.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Hasbro has an average rating of “Moderate Buy” and a consensus target price of $80.11.

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.