New York State Common Retirement Fund lifted its holdings in shares of Hasbro, Inc. (NASDAQ:HAS – Get Rating) by 7.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 173,806 shares of the company’s stock after acquiring an additional 12,349 shares during the quarter. New York State Common Retirement Fund owned approximately 0.12% of Hasbro worth $14,238,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in HAS. Kentucky Retirement Systems Insurance Trust Fund lifted its holdings in Hasbro by 3.2% during the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 3,458 shares of the company’s stock worth $352,000 after purchasing an additional 107 shares during the last quarter. CENTRAL TRUST Co lifted its holdings in Hasbro by 4.5% during the 4th quarter. CENTRAL TRUST Co now owns 2,728 shares of the company’s stock worth $278,000 after purchasing an additional 117 shares during the last quarter. Vestmark Advisory Solutions Inc. lifted its holdings in Hasbro by 2.3% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 5,458 shares of the company’s stock worth $447,000 after purchasing an additional 121 shares during the last quarter. AdvisorNet Financial Inc lifted its holdings in Hasbro by 32.8% during the 1st quarter. AdvisorNet Financial Inc now owns 498 shares of the company’s stock worth $41,000 after purchasing an additional 123 shares during the last quarter. Finally, Bessemer Group Inc. lifted its holdings in Hasbro by 28.1% during the 4th quarter. Bessemer Group Inc. now owns 588 shares of the company’s stock worth $60,000 after purchasing an additional 129 shares during the last quarter. 75.35% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several research firms recently weighed in on HAS. Jefferies Financial Group dropped their price target on Hasbro from $115.00 to $100.00 in a report on Friday, July 15th. DA Davidson lifted their price objective on Hasbro from $121.00 to $128.00 and gave the company a “buy” rating in a report on Wednesday, April 20th. TheStreet cut Hasbro from a “b” rating to a “c+” rating in a report on Tuesday, April 19th. BMO Capital Markets dropped their price objective on Hasbro from $85.00 to $80.00 in a report on Thursday, July 21st. Finally, MKM Partners dropped their price objective on Hasbro from $118.00 to $105.00 and set a “buy” rating for the company in a report on Thursday, July 7th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $105.70.
Hasbro Price Performance
Hasbro stock opened at $77.91 on Friday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.43. Hasbro, Inc. has a 52 week low of $76.93 and a 52 week high of $105.73. The stock has a market capitalization of $10.76 billion, a P/E ratio of 20.08 and a beta of 0.79. The stock has a fifty day moving average of $82.55 and a 200-day moving average of $87.45.
Hasbro (NASDAQ:HAS – Get Rating) last posted its quarterly earnings results on Tuesday, July 19th. The company reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.21. Hasbro had a return on equity of 22.26% and a net margin of 8.30%. The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.37 billion. During the same quarter in the previous year, the firm earned $1.05 EPS. Hasbro’s revenue was up 1.3% on a year-over-year basis. On average, sell-side analysts expect that Hasbro, Inc. will post 5.09 earnings per share for the current fiscal year.
Hasbro Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 15th. Investors of record on Tuesday, November 1st will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, October 31st. This represents a $2.80 dividend on an annualized basis and a yield of 3.59%. Hasbro’s dividend payout ratio is currently 72.16%.
Hasbro Company Profile
Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. Its Consumer Products segment engages in the sourcing, marketing, and sale of toy and game products. This segment also promotes its brands through the out-licensing of trademarks, characters, and other brand and intellectual property rights to third parties through the sale of branded consumer products, such as toys and apparels.
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