NBC Securities Inc. Buys 584 Shares of Hasbro, Inc. (NASDAQ:HAS)

NBC Securities Inc. increased its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 14.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 4,744 shares of the company’s stock after buying an additional 584 shares during the period. NBC Securities Inc.’s holdings in Hasbro were worth $268,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of HAS. Capital Research Global Investors boosted its holdings in Hasbro by 27.0% in the 4th quarter. Capital Research Global Investors now owns 15,381,255 shares of the company’s stock valued at $785,367,000 after purchasing an additional 3,273,563 shares during the period. Norges Bank bought a new stake in Hasbro in the 4th quarter valued at about $70,544,000. Ameriprise Financial Inc. raised its position in shares of Hasbro by 176.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,311,754 shares of the company’s stock valued at $86,763,000 after buying an additional 836,474 shares in the last quarter. Cooke & Bieler LP raised its position in shares of Hasbro by 31.6% in the 4th quarter. Cooke & Bieler LP now owns 3,188,417 shares of the company’s stock valued at $162,801,000 after buying an additional 765,898 shares in the last quarter. Finally, Deutsche Bank AG raised its position in shares of Hasbro by 39.7% in the 3rd quarter. Deutsche Bank AG now owns 1,255,702 shares of the company’s stock valued at $83,052,000 after buying an additional 356,718 shares in the last quarter. Institutional investors own 91.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Stifel Nicolaus boosted their target price on shares of Hasbro from $64.00 to $67.00 and gave the company a “buy” rating in a research report on Monday, April 15th. Roth Mkm boosted their target price on shares of Hasbro from $65.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. JPMorgan Chase & Co. upgraded shares of Hasbro from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $61.00 to $74.00 in a research report on Thursday, May 23rd. Jefferies Financial Group boosted their target price on shares of Hasbro from $61.00 to $63.00 and gave the company a “buy” rating in a research report on Friday, April 19th. Finally, StockNews.com upgraded shares of Hasbro from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $69.00.

Insider Buying and Selling

In related news, EVP Tarrant L. Sibley sold 13,000 shares of the stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $60.26, for a total transaction of $783,380.00. Following the transaction, the executive vice president now directly owns 53,003 shares of the company’s stock, valued at $3,193,960.78. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.82% of the stock is owned by insiders.

Hasbro Trading Up 2.7 %

NASDAQ:HAS opened at $62.26 on Friday. The firm’s fifty day moving average is $60.02 and its 200-day moving average is $54.41. The company has a debt-to-equity ratio of 2.88, a quick ratio of 0.93 and a current ratio of 1.11. Hasbro, Inc. has a 52 week low of $42.66 and a 52 week high of $73.57. The firm has a market cap of $8.67 billion, a P/E ratio of -6.14, a P/E/G ratio of 0.63 and a beta of 0.65.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.34. Hasbro had a negative net margin of 29.60% and a positive return on equity of 25.41%. The company had revenue of $757.30 million for the quarter, compared to analyst estimates of $739.84 million. During the same period in the prior year, the firm posted $0.01 EPS. The company’s quarterly revenue was down 24.3% on a year-over-year basis. Equities analysts expect that Hasbro, Inc. will post 3.72 earnings per share for the current year.

About Hasbro

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.