Cerity Partners LLC Sells 122,197 Shares of Hasbro, Inc. (NASDAQ:HAS)

Cerity Partners LLC decreased its position in Hasbro, Inc. (NASDAQ:HAS) by 77.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 36,404 shares of the company’s stock after selling 122,197 shares during the quarter. Cerity Partners LLC’s holdings in Hasbro were worth $2,239,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Allworth Financial LP lifted its position in Hasbro by 93.2% during the 1st quarter. Allworth Financial LP now owns 931 shares of the company’s stock valued at $56,000 after purchasing an additional 449 shares during the period. Greenleaf Trust raised its position in shares of Hasbro by 26.6% in the 1st quarter. Greenleaf Trust now owns 6,081 shares of the company’s stock valued at $374,000 after acquiring an additional 1,276 shares during the period. Beverly Hills Private Wealth LLC acquired a new stake in shares of Hasbro in the 1st quarter valued at approximately $240,000. Financial Counselors Inc. raised its position in shares of Hasbro by 24.0% in the 1st quarter. Financial Counselors Inc. now owns 137,089 shares of the company’s stock valued at $8,430,000 after acquiring an additional 26,503 shares during the period. Finally, YANKCOM Partnership raised its position in shares of Hasbro by 13.1% in the 1st quarter. YANKCOM Partnership now owns 9,610 shares of the company’s stock valued at $591,000 after acquiring an additional 1,116 shares during the period. Institutional investors and hedge funds own 91.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Monness Crespi & Hardt upgraded shares of Hasbro to a “strong-buy” rating in a report on Tuesday, April 22nd. Bank of America boosted their target price on shares of Hasbro from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday. Citigroup restated a “buy” rating and set a $79.00 target price (up from $72.00) on shares of Hasbro in a report on Monday, June 16th. The Goldman Sachs Group raised shares of Hasbro from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $66.00 to $85.00 in a research report on Monday, June 30th. Finally, Wall Street Zen raised shares of Hasbro from a “hold” rating to a “buy” rating in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $81.11.

Hasbro Stock Performance

Shares of HAS stock opened at $77.81 on Friday. The business’s 50 day simple moving average is $70.39 and its 200 day simple moving average is $63.05. Hasbro, Inc. has a one year low of $49.00 and a one year high of $78.83. The stock has a market capitalization of $10.90 billion, a PE ratio of 25.68, a PEG ratio of 2.13 and a beta of 0.59. The company has a debt-to-equity ratio of 2.78, a current ratio of 1.65 and a quick ratio of 1.40.

Hasbro (NASDAQ:HAS) last issued its earnings results on Thursday, April 24th. The company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.37. The company had revenue of $887.10 million for the quarter, compared to analysts’ expectations of $770.60 million. Hasbro had a return on equity of 51.39% and a net margin of 9.99%. Hasbro’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same period last year, the business earned $0.61 EPS. As a group, research analysts forecast that Hasbro, Inc. will post 4.33 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.