Leeward Investments LLC MA Lowers Stock Position in Hasbro, Inc. $HAS

Leeward Investments LLC MA cut its holdings in Hasbro, Inc. (NASDAQ:HAS) by 5.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 128,068 shares of the company’s stock after selling 7,521 shares during the period. Leeward Investments LLC MA owned 0.09% of Hasbro worth $10,502,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. CYBER HORNET ETFs LLC bought a new stake in shares of Hasbro during the second quarter valued at approximately $25,000. MUFG Securities EMEA plc bought a new position in shares of Hasbro during the second quarter worth $28,000. First Horizon Corp bought a new position in shares of Hasbro during the third quarter worth $29,000. Foster Dykema Cabot & Partners LLC bought a new position in shares of Hasbro during the third quarter worth $34,000. Finally, Wexford Capital LP bought a new position in shares of Hasbro during the third quarter worth $37,000. 91.83% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on HAS. DA Davidson dropped their target price on shares of Hasbro from $110.00 to $100.00 and set a “neutral” rating for the company in a research report on Friday, April 24th. Wall Street Zen upgraded shares of Hasbro from a “buy” rating to a “strong-buy” rating in a research report on Sunday, March 15th. BNP Paribas Exane dropped their target price on shares of Hasbro from $118.00 to $115.00 and set an “outperform” rating for the company in a research report on Wednesday, April 1st. Morgan Stanley upped their target price on shares of Hasbro from $122.00 to $123.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, The Goldman Sachs Group lifted their price objective on Hasbro from $88.00 to $114.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $113.14.

Hasbro Stock Performance

NASDAQ:HAS opened at $95.65 on Friday. The company has a debt-to-equity ratio of 4.89, a current ratio of 1.38 and a quick ratio of 1.24. Hasbro, Inc. has a 1 year low of $64.74 and a 1 year high of $106.98. The stock’s 50 day simple moving average is $93.49 and its two-hundred day simple moving average is $88.86. The company has a market cap of $13.54 billion, a price-to-earnings ratio of -40.70, a PEG ratio of 2.77 and a beta of 0.52.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Wednesday, May 20th. The company reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.30. Hasbro had a positive return on equity of 127.21% and a negative net margin of 6.86%.The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $966.51 million. As a group, equities analysts anticipate that Hasbro, Inc. will post 5.74 earnings per share for the current fiscal year.

Insider Transactions at Hasbro

In other Hasbro news, CEO Christian P. Cocks sold 196,411 shares of Hasbro stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $100.33, for a total value of $19,705,915.63. Following the sale, the chief executive officer owned 303,310 shares of the company’s stock, valued at $30,431,092.30. The trade was a 39.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.71% of the stock is currently owned by insiders.

About Hasbro

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.