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

Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its position in Hasbro, Inc. (NASDAQ:HAS) by 2.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 27,882 shares of the company’s stock after selling 645 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Hasbro were worth $1,559,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in HAS. Charles Schwab Investment Management Inc. raised 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 period. American Trust bought a new position in shares of Hasbro during the third quarter valued at approximately $634,000. Larson Financial Group LLC raised its position in shares of Hasbro by 33.9% during the 3rd quarter. Larson Financial Group LLC now owns 3,159 shares of the company’s stock worth $228,000 after purchasing an additional 799 shares during the period. Jones Financial Companies Lllp lifted its holdings in shares of Hasbro by 32.4% in the 4th quarter. Jones Financial Companies Lllp now owns 9,911 shares of the company’s stock worth $554,000 after purchasing an additional 2,426 shares during the last quarter. Finally, Capital Wealth Management LLC acquired a new position in Hasbro during the 4th quarter valued at approximately $496,000. 91.83% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on HAS. StockNews.com raised Hasbro from a “hold” rating to a “buy” rating in a research report on Tuesday. Stifel Nicolaus reduced their target price on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. DA Davidson upped their target price 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. Roth Mkm lifted 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 reissued an “overweight” rating and issued a $84.00 price objective (down from $88.00) on shares of Hasbro in a report on Friday, February 21st. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Hasbro currently has a consensus rating of “Moderate Buy” and an average price target of $80.22.

Hasbro Stock Down 0.9 %

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. The company has a market capitalization of $8.52 billion, a PE ratio of 22.20, a P/E/G ratio of 0.60 and a beta of 0.51. The stock’s fifty day moving average is $60.93 and its 200-day moving average is $63.64. Hasbro, Inc. has a one year low of $54.05 and a one year high of $73.46.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.36 by $0.10. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.02 billion. On average, equities analysts predict that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Dividend Announcement

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

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.