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

Avior Wealth Management LLC lessened its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 3.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. 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 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Blue Trust Inc. boosted its stake in shares of Hasbro by 224.8% in the 3rd quarter. Blue Trust Inc. now owns 432 shares of the company’s stock valued at $31,000 after purchasing an additional 299 shares during the last quarter. True Wealth Design LLC bought a new position in Hasbro in the third quarter valued at approximately $31,000. Itau Unibanco Holding S.A. acquired a new stake in Hasbro during the 3rd quarter worth $40,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Hasbro in the 3rd quarter valued at $45,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of Hasbro in the 3rd quarter worth $49,000. Institutional investors own 91.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on HAS shares. JPMorgan Chase & Co. upped their price objective on Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a report on Monday, October 21st. DA Davidson lifted their price objective on shares of Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Bank of America increased their target price on shares of Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Jefferies Financial Group boosted their price target on shares of Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Finally, Stifel Nicolaus dropped their price objective on Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a research note on Friday, January 3rd. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $80.11.

Insider Activity

In related news, EVP Matthew Edward Austin sold 1,718 shares of Hasbro stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $65.06, for a total value of $111,773.08. Following the sale, the executive vice president now owns 36,828 shares of the company’s stock, valued at approximately $2,396,029.68. The trade was a 4.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.82% of the stock is owned by corporate insiders.

Hasbro Stock Performance

Shares of Hasbro stock opened at $57.42 on Friday. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.47 and a quick ratio of 1.29. The firm has a market cap of $8.01 billion, a price-to-earnings ratio of -12.38, a price-to-earnings-growth ratio of 0.49 and a beta of 0.64. The stock’s 50-day moving average is $59.97 and its 200-day moving average is $64.32. Hasbro, Inc. has a one year low of $46.09 and a one year high of $73.46.

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