Alethea Capital Management LLC Acquires 5,940 Shares of Hasbro, Inc. (HAS)

Alethea Capital Management LLC grew its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 99.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,892 shares of the company’s stock after purchasing an additional 5,940 shares during the period. Hasbro comprises about 0.7% of Alethea Capital Management LLC’s portfolio, making the stock its 20th biggest position. Alethea Capital Management LLC’s holdings in Hasbro were worth $1,011,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Ronna Sue Cohen grew its position in shares of Hasbro by 8,221.2% during the first quarter. Ronna Sue Cohen now owns 3,609,174 shares of the company’s stock worth $3,609,000 after buying an additional 3,565,801 shares in the last quarter. Oregon Public Employees Retirement Fund grew its position in shares of Hasbro by 7,213.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,145,000 shares of the company’s stock worth $26,000 after buying an additional 2,115,671 shares in the last quarter. Norges Bank acquired a new position in shares of Hasbro during the fourth quarter worth about $92,891,000. JPMorgan Chase & Co. grew its position in shares of Hasbro by 43.9% during the third quarter. JPMorgan Chase & Co. now owns 2,299,978 shares of the company’s stock worth $241,773,000 after buying an additional 701,535 shares in the last quarter. Finally, Victory Capital Management Inc. grew its position in shares of Hasbro by 21.2% during the fourth quarter. Victory Capital Management Inc. now owns 3,413,315 shares of the company’s stock worth $277,331,000 after buying an additional 597,909 shares in the last quarter. Institutional investors own 90.00% of the company’s stock.

A number of equities analysts have recently commented on the company. Argus downgraded Hasbro from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. BMO Capital Markets boosted their price objective on Hasbro from $88.00 to $93.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 1st. Stifel Nicolaus boosted their price objective on Hasbro from $90.00 to $95.00 and gave the stock a “hold” rating in a research report on Wednesday, April 24th. MKM Partners boosted their price objective on Hasbro from $102.00 to $112.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Finally, Barclays boosted their price objective on Hasbro from $100.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company’s stock. Hasbro presently has a consensus rating of “Buy” and a consensus target price of $106.07.

In other news, SVP Tarrant L. Sibley sold 4,000 shares of the stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $102.20, for a total value of $408,800.00. Following the completion of the sale, the senior vice president now directly owns 21,703 shares of the company’s stock, valued at $2,218,046.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Thomas J. Jr. Courtney sold 3,687 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were 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 of the company’s stock, valued at $2,183,475. The disclosure for this sale can be found here. Insiders sold 346,056 shares of company stock valued at $35,488,019 over the last ninety days. 9.30% of the stock is currently owned by corporate insiders.

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

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $0.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.29. The firm had revenue of $732.51 million during the quarter, compared to the consensus estimate of $665.96 million. Hasbro had a return on equity of 28.50% and a net margin of 7.83%. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.10 earnings per share. On average, sell-side analysts predict that Hasbro, Inc. will post 4.52 EPS for the current fiscal year.

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Hasbro Company Profile

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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Institutional Ownership by Quarter for Hasbro (NASDAQ:HAS)

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