New York State Teachers Retirement System lowered its position in Hasbro, Inc. (NASDAQ:HAS) by 2.1% during the first quarter, Holdings Channel reports. The firm owned 202,027 shares of the company’s stock after selling 4,427 shares during the period. New York State Teachers Retirement System’s holdings in Hasbro were worth $20,166,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Acrospire Investment Management LLC boosted its stake in shares of Hasbro by 11.1% in the first quarter. Acrospire Investment Management LLC now owns 1,000 shares of the company’s stock worth $100,000 after buying an additional 100 shares during the period. Oakworth Capital Inc. boosted its stake in shares of Hasbro by 291.0% in the first quarter. Oakworth Capital Inc. now owns 1,126 shares of the company’s stock worth $113,000 after buying an additional 838 shares during the period. YorkBridge Wealth Partners LLC boosted its stake in shares of Hasbro by 337.1% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,132 shares of the company’s stock worth $113,000 after buying an additional 873 shares during the period. TrimTabs Asset Management LLC purchased a new stake in shares of Hasbro during the first quarter worth about $119,000. Finally, Van ECK Associates Corp boosted its stake in shares of Hasbro by 14.2% in the fourth quarter. Van ECK Associates Corp now owns 1,548 shares of the company’s stock worth $120,000 after buying an additional 193 shares during the period. Institutional investors and hedge funds own 79.42% of the company’s stock.
Shares of Hasbro, Inc. (NASDAQ:HAS) traded up 0.72% on Friday, hitting $111.27. 239,069 shares of the stock traded hands. The stock has a market cap of $13.91 billion, a PE ratio of 24.73 and a beta of 0.87. Hasbro, Inc. has a 1-year low of $76.14 and a 1-year high of $113.49. The stock has a 50 day moving average of $104.38 and a 200-day moving average of $94.89.
Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Monday, April 24th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.06. Hasbro had a return on equity of 32.36% and a net margin of 11.34%. The company had revenue of $849.70 million during the quarter, compared to the consensus estimate of $818.27 million. During the same quarter in the prior year, the firm posted $0.38 earnings per share. The firm’s revenue was up 2.2% compared to the same quarter last year. On average, equities research analysts expect that Hasbro, Inc. will post $4.93 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Friday, July 28th. Hasbro’s dividend payout ratio is currently 50.67%.
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A number of equities research analysts recently issued reports on HAS shares. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $110.00 target price on shares of Hasbro in a research report on Monday, April 3rd. Citigroup Inc. increased their target price on shares of Hasbro from $98.00 to $111.00 and gave the stock a “buy” rating in a research report on Monday, March 6th. Zacks Investment Research upgraded shares of Hasbro from a “hold” rating to a “buy” rating and set a $108.00 target price for the company in a research report on Thursday, March 2nd. DA Davidson reiterated a “buy” rating and set a $118.00 target price on shares of Hasbro in a research report on Tuesday, May 23rd. Finally, Jefferies Group LLC started coverage on shares of Hasbro in a research report on Thursday, June 8th. They set a “buy” rating and a $125.00 target price for the company. Eight equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Hasbro presently has a consensus rating of “Buy” and a consensus price target of $105.76.
Hasbro Company Profile
Hasbro, Inc (Hasbro) is a play and entertainment company. The Company’s operating segments include the U.S. and Canada, International, and Entertainment and Licensing. From toys and games to content development, including television programming, motion pictures, digital gaming and a consumer products licensing program, Hasbro fulfills the fundamental need for play and connection for children and families around the world.
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