Oregon Public Employees Retirement Fund decreased its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 1.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,947 shares of the company’s stock after selling 453 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Hasbro were worth $2,206,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. California State Teachers Retirement System increased its position in shares of Hasbro by 1.4% during the fourth quarter. California State Teachers Retirement System now owns 195,337 shares of the company’s stock valued at $15,871,000 after buying an additional 2,652 shares during the period. BlackRock Inc. increased its position in shares of Hasbro by 4.5% in the fourth quarter. BlackRock Inc. now owns 8,343,804 shares of the company’s stock worth $677,935,000 after purchasing an additional 356,569 shares during the last quarter. Raymond James Trust N.A. increased its position in shares of Hasbro by 2.9% in the fourth quarter. Raymond James Trust N.A. now owns 5,777 shares of the company’s stock worth $469,000 after purchasing an additional 165 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Hasbro by 1.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,883 shares of the company’s stock worth $2,184,000 after purchasing an additional 471 shares during the last quarter. Finally, Synovus Financial Corp increased its position in shares of Hasbro by 17.7% in the fourth quarter. Synovus Financial Corp now owns 1,064 shares of the company’s stock worth $86,000 after purchasing an additional 160 shares during the last quarter. Hedge funds and other institutional investors own 90.51% of the company’s stock.
Several research analysts recently weighed in on the stock. DA Davidson upped their price objective on shares of Hasbro to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Zacks Investment Research upgraded shares of Hasbro from a “sell” rating to a “hold” rating and set a $114.00 price objective on the stock in a research report on Wednesday, April 24th. Barclays upped their price objective on shares of Hasbro from $100.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 24th. Argus cut shares of Hasbro from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. Finally, TheStreet upgraded shares of Hasbro from a “c+” rating to a “b-” rating in a research report on Friday, May 10th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $106.07.
Shares of HAS opened at $98.32 on Friday. The company has a market capitalization of $12.37 billion, a price-to-earnings ratio of 25.54, a PEG ratio of 2.01 and a beta of 0.98. The company has a quick ratio of 2.26, a current ratio of 2.77 and a debt-to-equity ratio of 1.02. Hasbro, Inc. has a 1 year low of $76.84 and a 1 year high of $109.60.
Hasbro (NASDAQ:HAS) last issued its earnings results on Tuesday, April 23rd. The company reported $0.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.29. The business had revenue of $732.51 million during the quarter, compared to analyst estimates of $665.96 million. Hasbro had a return on equity of 28.50% and a net margin of 7.83%. Hasbro’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.10 earnings per share. Sell-side analysts anticipate that Hasbro, Inc. will post 4.52 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be paid a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend is Wednesday, July 31st. Hasbro’s dividend payout ratio is currently 70.65%.
In other Hasbro news, SVP Tarrant L. Sibley sold 4,000 shares of the company’s 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 owns 21,703 shares of the company’s stock, valued at $2,218,046.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Dolph Johnson sold 17,000 shares of the company’s 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 $1,737,400.00. Following the completion of the sale, the executive vice president now directly owns 45,338 shares of the company’s stock, valued at approximately $4,633,543.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 350,256 shares of company stock valued at $35,900,627. 9.30% of the stock is owned by insiders.
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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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