Northwestern Mutual Wealth Management Co. Grows Position in Hasbro, Inc. $HAS

Northwestern Mutual Wealth Management Co. boosted its stake in Hasbro, Inc. (NASDAQ:HAS) by 5,042.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 453,895 shares of the company’s stock after purchasing an additional 445,068 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Hasbro were worth $37,219,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of HAS. Personal CFO Solutions LLC grew its stake in Hasbro by 3.9% during the fourth quarter. Personal CFO Solutions LLC now owns 3,666 shares of the company’s stock worth $301,000 after buying an additional 137 shares during the period. Signaturefd LLC grew its stake in Hasbro by 6.4% during the fourth quarter. Signaturefd LLC now owns 2,268 shares of the company’s stock worth $186,000 after buying an additional 137 shares during the period. United Capital Financial Advisors LLC grew its stake in Hasbro by 2.2% during the third quarter. United Capital Financial Advisors LLC now owns 6,500 shares of the company’s stock worth $493,000 after buying an additional 139 shares during the period. Retirement Systems of Alabama grew its stake in Hasbro by 0.5% during the third quarter. Retirement Systems of Alabama now owns 28,418 shares of the company’s stock worth $2,156,000 after buying an additional 151 shares during the period. Finally, Fifth Third Bancorp grew its stake in Hasbro by 2.0% during the third quarter. Fifth Third Bancorp now owns 7,620 shares of the company’s stock worth $578,000 after buying an additional 152 shares during the period. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HAS has been the subject of several research reports. The Goldman Sachs Group boosted their price objective on shares of Hasbro from $88.00 to $114.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. UBS Group boosted their price objective on shares of Hasbro from $99.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Roth Mkm set a $120.00 price objective on shares of Hasbro in a research note on Wednesday, February 11th. Wolfe Research boosted their price objective on shares of Hasbro from $90.00 to $124.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. Finally, Wall Street Zen downgraded shares of Hasbro from a “strong-buy” rating to a “buy” rating in a research note on Saturday. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $113.14.

Hasbro Trading Down 1.6%

HAS opened at $93.72 on Tuesday. The stock has a market capitalization of $13.26 billion, a PE ratio of -39.88, a P/E/G ratio of 2.78 and a beta of 0.52. The firm’s fifty day moving average price is $93.42 and its 200 day moving average price is $89.09. The company has a debt-to-equity ratio of 4.59, a current ratio of 1.65 and a quick ratio of 1.49. Hasbro, Inc. has a 12-month low of $64.74 and a 12-month high of $106.98.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Wednesday, May 20th. The company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.19. The firm had revenue of $1 billion for the quarter, compared to analysts’ expectations of $969.20 million. Hasbro had a negative net margin of 4.62% and a positive return on equity of 172.27%. As a group, research analysts expect that Hasbro, Inc. will post 5.8 EPS for the current fiscal year.

Insider Transactions at Hasbro

In related news, CEO Christian P. Cocks sold 196,411 shares of the company’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $100.33, for a total value of $19,705,915.63. Following the sale, the chief executive officer directly owned 303,310 shares of the company’s stock, valued at $30,431,092.30. This represents a 39.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.71% of the stock is owned by corporate insiders.

Hasbro Company Profile

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.