Hasbro, Inc. (NASDAQ:HAS) Shares Sold by South Dakota Investment Council

South Dakota Investment Council trimmed its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 1.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,728 shares of the company’s stock after selling 1,500 shares during the period. South Dakota Investment Council’s holdings in Hasbro were worth $6,726,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Treasurer of the State of North Carolina increased its stake in shares of Hasbro by 0.4% during the 3rd quarter. Treasurer of the State of North Carolina now owns 59,042 shares of the company’s stock worth $3,905,000 after purchasing an additional 220 shares in the last quarter. CWM LLC grew its stake in Hasbro by 19.2% in the 3rd quarter. CWM LLC now owns 1,393 shares of the company’s stock worth $92,000 after acquiring an additional 224 shares during the period. Teacher Retirement System of Texas grew its stake in Hasbro by 2.5% in the 3rd quarter. Teacher Retirement System of Texas now owns 10,201 shares of the company’s stock worth $675,000 after acquiring an additional 246 shares during the period. Arizona State Retirement System grew its stake in Hasbro by 0.8% in the 4th quarter. Arizona State Retirement System now owns 36,225 shares of the company’s stock worth $1,850,000 after acquiring an additional 300 shares during the period. Finally, Studio Investment Management LLC purchased a new stake in Hasbro in the 3rd quarter worth approximately $26,000. 91.83% of the stock is owned by hedge funds and other institutional investors.

Hasbro Stock Up 11.5 %

Shares of NASDAQ:HAS traded up $6.70 during midday trading on Wednesday, hitting $64.84. 5,478,105 shares of the company’s stock traded hands, compared to its average volume of 1,748,101. The company has a debt-to-equity ratio of 2.73, a quick ratio of 0.97 and a current ratio of 1.13. The company has a market cap of $9.00 billion, a PE ratio of -6.09, a P/E/G ratio of 0.97 and a beta of 0.74. The firm’s fifty day moving average price is $53.64 and its two-hundred day moving average price is $50.95. Hasbro, Inc. has a twelve month low of $42.66 and a twelve month high of $73.57.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.34. Hasbro had a negative net margin of 29.77% and a positive return on equity of 16.34%. The firm had revenue of $757.30 million for the quarter, compared to analyst estimates of $739.84 million. During the same quarter in the previous year, the business posted $0.01 EPS. The firm’s revenue was down 24.3% compared to the same quarter last year. On average, equities research analysts anticipate that Hasbro, Inc. will post 3.26 EPS for the current fiscal year.

Hasbro Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be issued a $0.70 dividend. The ex-dividend date is Tuesday, April 30th. This represents a $2.80 dividend on an annualized basis and a yield of 4.32%. Hasbro’s dividend payout ratio is currently -26.12%.

Analysts Set New Price Targets

Several research firms have commented on HAS. JPMorgan Chase & Co. lifted their target price on shares of Hasbro from $52.00 to $54.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 14th. Stifel Nicolaus lifted their price target on shares of Hasbro from $64.00 to $67.00 and gave the company a “buy” rating in a report on Monday, April 15th. TheStreet lowered shares of Hasbro from a “c-” rating to a “d+” rating in a report on Tuesday, February 13th. Jefferies Financial Group lifted their price target on shares of Hasbro from $61.00 to $63.00 and gave the company a “buy” rating in a report on Friday, April 19th. Finally, DA Davidson reiterated a “neutral” rating and issued a $52.00 price target on shares of Hasbro in a report on Tuesday, March 26th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $62.80.

Hasbro Company Profile

Hasbro, Inc, together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments.