Hasbro, Inc. (HAS) Shares Bought by Alethea Capital Management LLC

Alethea Capital Management LLC grew its position in Hasbro, Inc. (NASDAQ:HAS) by 99.8% in the first quarter, HoldingsChannel reports. The institutional investor owned 11,892 shares of the company’s stock after purchasing an additional 5,940 shares during the period. Hasbro makes up 0.7% of Alethea Capital Management LLC’s holdings, making the stock its 20th biggest position. Alethea Capital Management LLC’s holdings in Hasbro were worth $1,011,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. Creative Planning increased its position in shares of Hasbro by 1.3% in the first quarter. Creative Planning now owns 7,581 shares of the company’s stock valued at $645,000 after buying an additional 99 shares in the last quarter. Sigma Planning Corp increased its position in shares of Hasbro by 4.4% in the fourth quarter. Sigma Planning Corp now owns 2,662 shares of the company’s stock valued at $216,000 after buying an additional 112 shares in the last quarter. Proficio Capital Partners LLC increased its position in shares of Hasbro by 41.4% in the fourth quarter. Proficio Capital Partners LLC now owns 420 shares of the company’s stock valued at $34,000 after buying an additional 123 shares in the last quarter. Bessemer Group Inc. increased its position in shares of Hasbro by 46.3% in the fourth quarter. Bessemer Group Inc. now owns 398 shares of the company’s stock valued at $33,000 after buying an additional 126 shares in the last quarter. Finally, Van ECK Associates Corp increased its position in shares of Hasbro by 38.2% in the fourth quarter. Van ECK Associates Corp now owns 463 shares of the company’s stock valued at $38,000 after buying an additional 128 shares in the last quarter. Institutional investors and hedge funds own 90.00% of the company’s stock.

HAS opened at $96.77 on Wednesday. The company has a current ratio of 2.77, a quick ratio of 2.26 and a debt-to-equity ratio of 1.02. Hasbro, Inc. has a 52 week low of $76.84 and a 52 week high of $109.60. The firm has a market cap of $12.64 billion, a P/E ratio of 25.14, a P/E/G ratio of 2.08 and a beta of 0.98.



Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.29. Hasbro had a return on equity of 28.50% and a net margin of 7.83%. The firm had revenue of $732.51 million for the quarter, compared to analyst estimates of $665.96 million. During the same period last year, the company earned $0.10 EPS. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. Equities analysts predict that Hasbro, Inc. will post 4.52 earnings per share for the current fiscal year.

In other Hasbro news, CEO Brian Goldner sold 317,306 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $102.55, for a total value of $32,539,730.30. Following the sale, the chief executive officer now directly owns 375,111 shares of the company’s stock, valued at approximately $38,467,633.05. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Thomas J. Jr. Courtney sold 3,687 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $105.00, for a total value of $387,135.00. Following the completion of the sale, the executive vice president now directly owns 20,795 shares in the company, valued at $2,183,475. The disclosure for this sale can be found here. Over the last three months, insiders sold 346,056 shares of company stock worth $35,488,019. 9.30% of the stock is owned by corporate insiders.

A number of analysts recently commented on the company. DA Davidson increased their price objective on Hasbro to $120.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Zacks Investment Research raised Hasbro from a “sell” rating to a “hold” rating and set a $114.00 price objective on the stock in a research note on Wednesday, April 24th. Barclays increased their price objective on Hasbro from $100.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, April 24th. Argus lowered Hasbro from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th. Finally, TheStreet raised Hasbro from a “c+” rating to a “b-” rating in a research note on Friday, May 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company’s stock. Hasbro currently has an average rating of “Buy” and an average target price of $106.07.

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About Hasbro

Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. The company's U.S. and Canada segment markets and sells action figures, arts and crafts, and creative play products; electronic toys and related electronic interactive products; fashion and other dolls, infant products, play sets, preschool toys, plush products, and sports action blasters and accessories; and vehicles and toy-related specialty products, as well as traditional board games, and trading card and role-playing games primarily in the United States and Canada.

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Want to see what other hedge funds are holding HAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hasbro, Inc. (NASDAQ:HAS).

Institutional Ownership by Quarter for Hasbro (NASDAQ:HAS)

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