Public Sector Pension Investment Board Takes $1.30 Million Position in Hasbro, Inc. (NASDAQ:HAS)

Public Sector Pension Investment Board purchased a new stake in shares of Hasbro, Inc. (NASDAQ:HAS) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 22,233 shares of the company’s stock, valued at approximately $1,301,000.

Other hedge funds have also recently made changes to their positions in the company. Commonwealth Equity Services LLC boosted its stake in shares of Hasbro by 77.2% during the first quarter. Commonwealth Equity Services LLC now owns 48,657 shares of the company’s stock valued at $2,750,000 after purchasing an additional 21,204 shares in the last quarter. Intech Investment Management LLC lifted its stake in shares of Hasbro by 351.7% in the first quarter. Intech Investment Management LLC now owns 24,411 shares of the company’s stock worth $1,380,000 after acquiring an additional 19,007 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Hasbro by 95.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 39,100 shares of the company’s stock worth $2,020,000 after acquiring an additional 19,113 shares during the period. State Board of Administration of Florida Retirement System boosted its stake in shares of Hasbro by 7.8% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 151,770 shares of the company’s stock valued at $8,149,000 after purchasing an additional 10,961 shares during the last quarter. Finally, Dean Capital Management acquired a new stake in shares of Hasbro during the fourth quarter worth $767,000. 91.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HAS has been the topic of several recent analyst reports. Jefferies Financial Group boosted their target price on shares of Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a report on Tuesday. Bank of America upped their target price on Hasbro from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, September 16th. Stifel Nicolaus lifted their target price on Hasbro from $76.00 to $78.00 and gave the stock a “buy” rating in a report on Friday, July 26th. DA Davidson restated a “neutral” rating and set a $59.00 price target on shares of Hasbro in a report on Friday, July 26th. Finally, Morgan Stanley lifted their price objective on shares of Hasbro from $78.00 to $79.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $72.36.

Hasbro Stock Up 0.8 %

HAS stock opened at $72.89 on Wednesday. The firm has a market capitalization of $10.15 billion, a PE ratio of -7.19, a P/E/G ratio of 0.53 and a beta of 0.61. The company has a quick ratio of 1.27, a current ratio of 1.46 and a debt-to-equity ratio of 2.95. Hasbro, Inc. has a twelve month low of $42.66 and a twelve month high of $73.46. The stock’s 50 day moving average is $67.18 and its 200-day moving average is $61.73.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Thursday, July 25th. The company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.44. Hasbro had a negative net margin of 22.78% and a positive return on equity of 38.83%. The firm had revenue of $995.30 million for the quarter, compared to the consensus estimate of $941.38 million. During the same period in the previous year, the firm earned $0.49 EPS. The business’s revenue for the quarter was down 17.7% compared to the same quarter last year. Sell-side analysts expect that Hasbro, Inc. will post 3.93 EPS for the current fiscal year.

Hasbro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 21st were paid a $0.70 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $2.80 dividend on an annualized basis and a yield of 3.84%. Hasbro’s dividend payout ratio (DPR) is presently -27.61%.

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.