State Board of Administration of Florida Retirement System lessened its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 0.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 157,751 shares of the company’s stock after selling 348 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Hasbro were worth $13,412,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Ronna Sue Cohen lifted its position in Hasbro by 8,221.2% in the 1st 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 during the last quarter. Oregon Public Employees Retirement Fund lifted its position in Hasbro by 7,213.6% in the 4th 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 during the last quarter. Norges Bank bought a new stake in Hasbro in the 4th quarter worth approximately $92,891,000. JPMorgan Chase & Co. lifted its position in Hasbro by 43.9% in the 3rd 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 during the last quarter. Finally, Victory Capital Management Inc. lifted its position in Hasbro by 21.2% in the 4th 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 during the last quarter. Hedge funds and other institutional investors own 90.27% of the company’s stock.
Several analysts have weighed in on HAS shares. DA Davidson boosted their price objective on Hasbro to $120.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Zacks Investment Research upgraded Hasbro from a “sell” rating to a “hold” rating and set a $114.00 price objective for the company in a research report on Wednesday, April 24th. Barclays boosted their price objective on Hasbro from $100.00 to $115.00 and gave the company an “overweight” rating in a research report on Wednesday, April 24th. Argus downgraded Hasbro from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. Finally, TheStreet upgraded 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 issued a hold rating and ten have given a buy rating to the stock. Hasbro currently has a consensus rating of “Buy” and an average price target of $106.07.
In other news, EVP Thomas J. Jr. Courtney sold 3,687 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $105.00, for a total transaction of $387,135.00. Following the transaction, the executive vice president now directly owns 20,795 shares of the company’s stock, valued at $2,183,475. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Brian Goldner sold 317,306 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $102.55, for a total value of $32,539,730.30. Following the transaction, the chief executive officer now directly owns 375,111 shares in the company, valued at $38,467,633.05. The disclosure for this sale can be found here. Insiders have sold 346,056 shares of company stock worth $35,488,019 over the last three months. Insiders own 9.30% of the company’s stock.
Shares of HAS traded up $0.34 during mid-day trading on Friday, hitting $98.62. 11,452 shares of the company’s stock traded hands, compared to its average volume of 1,524,643. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.26 and a current ratio of 2.77. Hasbro, Inc. has a 1 year low of $76.84 and a 1 year high of $109.60. The stock has a market capitalization of $12.26 billion, a PE ratio of 25.68, a price-to-earnings-growth ratio of 2.02 and a beta of 0.98.
Hasbro (NASDAQ:HAS) last posted its earnings results on Tuesday, April 23rd. The company reported $0.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 analysts’ expectations of $665.96 million. During the same period in the previous year, the firm earned $0.10 earnings per share. The business’s revenue was up 2.3% compared to the same quarter last year. Research analysts forecast that Hasbro, Inc. will post 4.52 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 2.76%. Hasbro’s dividend payout ratio (DPR) is presently 70.65%.
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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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