Louisiana State Employees Retirement System Buys New Stake in Hasbro, Inc. $HAS

Louisiana State Employees Retirement System bought a new position in Hasbro, Inc. (NASDAQ:HAS) during the first quarter, Holdings Channel reports. The firm bought 6,800 shares of the company’s stock, valued at approximately $636,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Hasbro by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 16,976,679 shares of the company’s stock valued at $1,392,088,000 after purchasing an additional 453,038 shares during the last quarter. State Street Corp raised its position in Hasbro by 2.1% in the second quarter. State Street Corp now owns 6,508,052 shares of the company’s stock valued at $480,424,000 after purchasing an additional 131,678 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Hasbro by 47.3% in the 4th quarter. AQR Capital Management LLC now owns 4,357,147 shares of the company’s stock worth $357,286,000 after acquiring an additional 1,399,499 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Hasbro by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 3,661,020 shares of the company’s stock valued at $299,700,000 after buying an additional 122,592 shares during the period. Finally, Bank of America Corp DE lifted its holdings in Hasbro by 21.9% during the 3rd quarter. Bank of America Corp DE now owns 3,633,213 shares of the company’s stock worth $275,579,000 after buying an additional 651,790 shares in the last quarter. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro Price Performance

Shares of NASDAQ HAS opened at $76.73 on Wednesday. The company has a debt-to-equity ratio of 4.59, a quick ratio of 1.49 and a current ratio of 1.65. Hasbro, Inc. has a one year low of $69.50 and a one year high of $106.98. The firm has a market capitalization of $10.86 billion, a P/E ratio of -46.22, a PEG ratio of 1.92 and a beta of 0.49. The company’s fifty day moving average is $87.66 and its two-hundred day moving average is $90.40.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Wednesday, May 13th. The company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.20 by $0.27. Hasbro had a negative net margin of 4.62% and a positive return on equity of 174.64%. The firm had revenue of $1 billion during the quarter, compared to analysts’ expectations of $969.20 million. During the same quarter last year, the business earned $1.04 earnings per share. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. Analysts forecast that Hasbro, Inc. will post 5.96 EPS for the current fiscal year.

Hasbro Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Monday, June 1st were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Monday, June 1st. Hasbro’s dividend payout ratio (DPR) is presently -168.67%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Bank of America lifted their price target on shares of Hasbro from $113.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. UBS Group restated a “buy” rating and set a $110.00 target price on shares of Hasbro in a research report on Thursday, June 18th. Wall Street Zen cut Hasbro from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 16th. Wells Fargo & Company dropped their price objective on shares of Hasbro from $92.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Tuesday, June 9th. Finally, Morgan Stanley lifted their target price on shares of Hasbro from $122.00 to $123.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $113.14.

Hasbro Profile

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.