Jackson Creek Investment Advisors LLC Invests $618,000 in Hasbro, Inc. $HAS

Jackson Creek Investment Advisors LLC purchased a new stake in Hasbro, Inc. (NASDAQ:HAS) during the third quarter, Holdings Channel.com reports. The institutional investor purchased 8,142 shares of the company’s stock, valued at approximately $618,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC purchased a new position in Hasbro in the 4th quarter valued at $317,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Hasbro by 11.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,563 shares of the company’s stock worth $1,018,000 after acquiring an additional 1,753 shares during the period. Empowered Funds LLC grew its holdings in shares of Hasbro by 95.8% during the 1st quarter. Empowered Funds LLC now owns 13,187 shares of the company’s stock worth $811,000 after purchasing an additional 6,451 shares during the period. Woodline Partners LP boosted its stake in Hasbro by 40.7% during the first quarter. Woodline Partners LP now owns 11,078 shares of the company’s stock worth $681,000 after buying an additional 3,203 shares during the period. Finally, Focus Partners Wealth acquired a new position in shares of Hasbro in the 1st quarter worth approximately $292,000. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Insider Buying and Selling

In related news, Director Hope F. Cochran sold 4,000 shares of the business’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $77.24, for a total transaction of $308,960.00. Following the sale, the director owned 17,102 shares of the company’s stock, valued at approximately $1,320,958.48. The trade was a 18.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.85% of the company’s stock.

Hasbro Price Performance

Shares of NASDAQ HAS opened at $93.84 on Tuesday. The company has a debt-to-equity ratio of 7.65, a quick ratio of 1.42 and a current ratio of 1.70. Hasbro, Inc. has a one year low of $49.00 and a one year high of $93.94. The firm has a market capitalization of $13.17 billion, a P/E ratio of -23.40, a PEG ratio of 1.60 and a beta of 0.56. The company’s fifty day moving average is $84.47 and its two-hundred day moving average is $79.73.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on HAS shares. UBS Group increased their target price on Hasbro from $89.00 to $99.00 and gave the stock a “buy” rating in a research note on Wednesday, January 7th. Wall Street Zen downgraded shares of Hasbro from a “strong-buy” rating to a “buy” rating in a research report on Sunday, January 11th. The Goldman Sachs Group lowered their price objective on Hasbro from $90.00 to $88.00 and set a “buy” rating for the company in a research report on Friday, January 9th. Weiss Ratings restated a “sell (d)” rating on shares of Hasbro in a report on Monday, December 29th. Finally, Wolfe Research raised their target price on shares of Hasbro from $89.00 to $90.00 in a research report on Wednesday, October 29th. Nine investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $93.82.

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.