Brown Lisle Cummings Inc. Sells 295 Shares of Hasbro, Inc. (NASDAQ:HAS)

Brown Lisle Cummings Inc. lessened its holdings in Hasbro, Inc. (NASDAQ:HAS) by 8.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,163 shares of the company’s stock after selling 295 shares during the period. Brown Lisle Cummings Inc.’s holdings in Hasbro were worth $229,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Axiom Advisory LLC increased its position in Hasbro by 1.6% in the third quarter. Axiom Advisory LLC now owns 10,880 shares of the company’s stock worth $787,000 after purchasing an additional 170 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its position in Hasbro by 2.8% in the second quarter. Mercer Global Advisors Inc. ADV now owns 6,588 shares of the company’s stock worth $385,000 after purchasing an additional 179 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Hasbro by 18.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,256 shares of the company’s stock worth $81,000 after purchasing an additional 196 shares during the last quarter. Stratos Wealth Advisors LLC increased its position in Hasbro by 4.6% in 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. Finally, Massmutual Trust Co. FSB ADV increased its position in Hasbro by 0.9% in the second quarter. Massmutual Trust Co. FSB ADV now owns 32,400 shares of the company’s stock worth $1,895,000 after purchasing an additional 288 shares during the last quarter. Institutional investors own 91.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on HAS shares. Jefferies Financial Group boosted their price target 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 boosted their price objective on shares of Hasbro from $78.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Bank of America boosted 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. JPMorgan Chase & Co. boosted their price objective on shares of Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Stifel Nicolaus boosted their price objective on shares of Hasbro from $78.00 to $82.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Hasbro currently has a consensus rating of “Moderate Buy” and a consensus price target of $75.10.

Hasbro Stock Down 1.4 %

Shares of HAS opened at $71.94 on Tuesday. The firm has a market capitalization of $10.02 billion, a P/E ratio of -7.09, a P/E/G ratio of 0.54 and a beta of 0.61. Hasbro, Inc. has a 12-month low of $42.66 and a 12-month high of $73.46. The company has a current ratio of 1.46, a quick ratio of 1.27 and a debt-to-equity ratio of 2.95. The firm has a fifty day moving average price of $69.58 and a 200-day moving average price of $63.37.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Thursday, July 25th. The company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.44. Hasbro had a negative net margin of 22.78% and a positive return on equity of 38.83%. The company had revenue of $995.30 million during the quarter, compared to analyst estimates of $941.38 million. During the same period in the prior year, the firm earned $0.49 earnings per share. The firm’s revenue for the quarter was down 17.7% compared to the same quarter last year. Equities research analysts expect that Hasbro, Inc. will post 3.94 earnings per share for the current year.

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.