Tectonic Advisors LLC Purchases 12,419 Shares of Hasbro, Inc. (NASDAQ:HAS)

Tectonic Advisors LLC raised its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 14.1% in the third quarter, HoldingsChannel reports. The fund owned 100,691 shares of the company’s stock after acquiring an additional 12,419 shares during the period. Tectonic Advisors LLC’s holdings in Hasbro were worth $7,282,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HAS. Park Avenue Securities LLC raised its position in shares of Hasbro by 20.1% in the first quarter. Park Avenue Securities LLC now owns 10,070 shares of the company’s stock valued at $569,000 after buying an additional 1,685 shares in the last quarter. Ballentine Partners LLC acquired a new position in Hasbro during the first quarter valued at approximately $209,000. Kingswood Wealth Advisors LLC acquired a new position in Hasbro during the first quarter valued at approximately $270,000. Brookstone Capital Management acquired a new position in Hasbro during the first quarter valued at approximately $203,000. Finally, AMF Tjanstepension AB acquired a new position in Hasbro during the first quarter valued at approximately $15,058,000. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Hasbro Stock Performance

Shares of Hasbro stock opened at $66.10 on Friday. The company has a quick ratio of 1.27, a current ratio of 1.46 and a debt-to-equity ratio of 2.95. Hasbro, Inc. has a twelve month low of $42.66 and a twelve month high of $73.46. The stock has a market cap of $9.20 billion, a price-to-earnings ratio of -6.52, a P/E/G ratio of 0.54 and a beta of 0.61. The company’s fifty day moving average is $69.84 and its 200 day moving average is $63.52.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Thursday, October 24th. The company reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.37. Hasbro had a negative net margin of 22.78% and a positive return on equity of 38.83%. The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter in the previous year, the firm posted $1.64 earnings per share. Hasbro’s revenue for the quarter was down 14.8% on a year-over-year basis. Sell-side analysts forecast that Hasbro, Inc. will post 3.94 EPS for the current year.

Analyst Upgrades and Downgrades

HAS has been the subject of several research analyst reports. Bank of America boosted their price objective on shares of Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Morgan Stanley boosted their price objective on shares of Hasbro from $78.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. DA Davidson restated a “neutral” rating and set a $59.00 price objective on shares of Hasbro in a research report on Friday, July 26th. Jefferies Financial Group boosted their price objective on shares of Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Finally, Stifel Nicolaus boosted their price objective on shares of Hasbro from $78.00 to $82.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Hasbro presently has an average rating of “Moderate Buy” and a consensus price target of $75.10.

Hasbro 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.