Avior Wealth Management LLC Has $519,000 Position in Hasbro, Inc. (NASDAQ:HAS)

Avior Wealth Management LLC cut its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 3.4% during the 4th quarter, Holdings Channel reports. The firm owned 9,275 shares of the company’s stock after selling 331 shares during the quarter. Avior Wealth Management LLC’s holdings in Hasbro were worth $519,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Mizuho Securities USA LLC increased its position in Hasbro by 9,806.9% during the third quarter. Mizuho Securities USA LLC now owns 1,000,000 shares of the company’s stock worth $72,320,000 after buying an additional 989,906 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Hasbro by 469.4% during the 2nd quarter. AQR Capital Management LLC now owns 686,144 shares of the company’s stock worth $40,037,000 after acquiring an additional 565,645 shares during the last quarter. Smith Group Asset Management LLC bought a new stake in Hasbro in the 3rd quarter valued at $32,032,000. GW Henssler & Associates Ltd. acquired a new stake in Hasbro during the 3rd quarter valued at $18,163,000. Finally, Moran Wealth Management LLC bought a new position in Hasbro during the third quarter worth $8,864,000. 91.83% of the stock is owned by institutional investors.

Hasbro Price Performance

Shares of NASDAQ HAS opened at $57.42 on Friday. The business has a fifty day moving average price of $59.97 and a two-hundred day moving average price of $64.32. The stock has a market capitalization of $8.01 billion, a PE ratio of -12.38, a P/E/G ratio of 0.49 and a beta of 0.64. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.47 and a quick ratio of 1.29. Hasbro, Inc. has a fifty-two week low of $46.09 and a fifty-two week high of $73.46.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Thursday, October 24th. The company reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.45. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.30 billion. Hasbro had a positive return on equity of 47.91% and a negative net margin of 14.83%. Hasbro’s revenue for the quarter was down 14.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.64 earnings per share. As a group, equities analysts predict that Hasbro, Inc. will post 3.85 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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. 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.