Commonwealth of Pennsylvania Public School Empls Retrmt SYS Trims Stock Position in Hasbro, Inc. (NASDAQ:HAS)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its holdings in Hasbro, Inc. (NASDAQ:HAS) by 2.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,882 shares of the company’s stock after selling 645 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Hasbro were worth $1,559,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of HAS. PNC Financial Services Group Inc. increased its holdings in shares of Hasbro by 4.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 33,168 shares of the company’s stock worth $2,399,000 after buying an additional 1,541 shares during the last quarter. Advisors Asset Management Inc. grew its position in Hasbro by 306.8% during the third quarter. Advisors Asset Management Inc. now owns 10,462 shares of the company’s stock valued at $757,000 after acquiring an additional 7,890 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Hasbro by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,184,036 shares of the company’s stock worth $85,629,000 after acquiring an additional 8,270 shares during the last quarter. Citigroup Inc. raised its holdings in shares of Hasbro by 18.3% in the 3rd quarter. Citigroup Inc. now owns 144,443 shares of the company’s stock worth $10,446,000 after purchasing an additional 22,354 shares during the period. Finally, Cerity Partners LLC raised its holdings in shares of Hasbro by 15.5% in the 3rd quarter. Cerity Partners LLC now owns 185,489 shares of the company’s stock worth $13,415,000 after purchasing an additional 24,888 shares during the period. Institutional investors and hedge funds own 91.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Stifel Nicolaus dropped their target price on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a research report on Friday, January 3rd. DA Davidson increased their price objective on shares of Hasbro from $73.00 to $75.00 and gave the stock a “neutral” rating in a research report on Monday, February 24th. StockNews.com upgraded shares of Hasbro from a “hold” rating to a “buy” rating in a report on Tuesday. Roth Mkm increased their price target on Hasbro from $68.00 to $82.00 and gave the company a “buy” rating in a report on Friday, February 21st. Finally, Morgan Stanley restated an “overweight” rating and set a $84.00 price objective (down previously from $88.00) on shares of Hasbro in a research note on Friday, February 21st. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $80.22.

Hasbro Stock Down 0.9 %

Shares of NASDAQ HAS opened at $61.04 on Wednesday. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.29 and a current ratio of 1.60. Hasbro, Inc. has a 1 year low of $54.05 and a 1 year high of $73.46. The stock’s 50-day simple moving average is $60.93 and its 200-day simple moving average is $63.64. The firm has a market cap of $8.52 billion, a price-to-earnings ratio of 22.20, a PEG ratio of 0.60 and a beta of 0.51.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.10. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.02 billion. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. As a group, equities analysts anticipate that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.70 per share. The ex-dividend date was Monday, March 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 4.59%. Hasbro’s dividend payout ratio (DPR) is 101.82%.

About Hasbro

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.