Kentucky Retirement Systems Insurance Trust Fund Has $281,000 Stake in Hasbro, Inc. (NASDAQ:HAS)

Kentucky Retirement Systems Insurance Trust Fund reduced its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 8.1% in the third quarter, HoldingsChannel.com reports. The fund owned 3,880 shares of the company’s stock after selling 341 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Hasbro were worth $281,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Plato Investment Management Ltd acquired a new position in Hasbro during the second quarter worth $27,000. Asset Dedication LLC grew its holdings in Hasbro by 290.1% during the second quarter. Asset Dedication LLC now owns 472 shares of the company’s stock valued at $28,000 after purchasing an additional 351 shares during the period. Blue Trust Inc. increased its position in Hasbro by 224.8% in the third quarter. Blue Trust Inc. now owns 432 shares of the company’s stock worth $31,000 after buying an additional 299 shares during the last quarter. International Assets Investment Management LLC purchased a new position in shares of Hasbro during the 2nd quarter valued at $46,000. Finally, Summit Securities Group LLC bought a new position in shares of Hasbro during the 2nd quarter worth $47,000. 91.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of Hasbro from $76.00 to $82.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Jefferies Financial Group increased their target price on shares of Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Morgan Stanley raised their price target on shares of Hasbro from $80.00 to $92.00 and gave the company an “overweight” rating in a report on Friday, October 25th. DA Davidson increased their price objective on Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Finally, Bank of America lifted their price target on Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $80.67.

Hasbro Price Performance

HAS stock opened at $61.76 on Wednesday. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 2.64. The firm’s 50-day moving average price is $68.89 and its two-hundred day moving average price is $64.32. The stock has a market capitalization of $8.62 billion, a price-to-earnings ratio of -13.31, a PEG ratio of 0.57 and a beta of 0.63. Hasbro, Inc. has a 12-month low of $43.74 and a 12-month high of $73.46.

Hasbro (NASDAQ:HAS) last posted its earnings results on Thursday, October 24th. The company reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.45. Hasbro had a positive return on equity of 47.91% and a negative net margin of 14.83%. The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same period in the previous year, the firm earned $1.64 earnings per share. The business’s revenue was down 14.8% compared to the same quarter last year. As a group, equities analysts predict that Hasbro, Inc. will post 3.94 earnings per share for the current year.

Hasbro Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.53%. The ex-dividend date of this dividend is Wednesday, November 20th. Hasbro’s payout ratio is presently -60.34%.

Hasbro 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.