Arizona State Retirement System Acquires 351 Shares of Hasbro, Inc. (NASDAQ:HAS)

Arizona State Retirement System increased its holdings in Hasbro, Inc. (NASDAQ:HAS) by 0.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,433 shares of the company’s stock after purchasing an additional 351 shares during the period. Arizona State Retirement System’s holdings in Hasbro were worth $2,149,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its position in shares of Hasbro by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,184,036 shares of the company’s stock worth $85,629,000 after buying an additional 8,270 shares during the last quarter. American Trust acquired a new stake in Hasbro in the 3rd quarter worth approximately $634,000. Quest Partners LLC lifted its holdings in Hasbro by 972.6% in the 3rd quarter. Quest Partners LLC now owns 29,045 shares of the company’s stock worth $2,101,000 after purchasing an additional 26,337 shares during the last quarter. Larson Financial Group LLC boosted its position in Hasbro by 33.9% during the third 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. Finally, Capital Wealth Management LLC acquired a new position in Hasbro during the fourth quarter valued at approximately $496,000. 91.83% of the stock is currently owned by institutional investors.

Hasbro Stock Down 0.7 %

HAS stock opened at $63.93 on Tuesday. Hasbro, Inc. has a twelve month low of $51.26 and a twelve month high of $73.46. The company has a quick ratio of 1.29, a current ratio of 1.60 and a debt-to-equity ratio of 2.85. The company has a market cap of $8.92 billion, a PE ratio of 23.25, a price-to-earnings-growth ratio of 0.60 and a beta of 0.51. The business’s 50-day simple moving average is $60.05 and its 200 day simple moving average is $64.19.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.46 earnings per share 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 analyst estimates of $1.02 billion. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. On average, research analysts anticipate that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.38%. The ex-dividend date of this dividend is Monday, March 3rd. Hasbro’s dividend payout ratio is 101.82%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Stifel Nicolaus reduced their price objective 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. Morgan Stanley restated an “overweight” rating and set a $84.00 price target (down from $88.00) on shares of Hasbro in a report on Friday, February 21st. DA Davidson raised their price target on Hasbro from $73.00 to $75.00 and gave the company a “neutral” rating in a research report on Monday, February 24th. Finally, Roth Mkm boosted their price objective on Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Hasbro currently has a consensus rating of “Moderate Buy” and an average price target of $80.22.

Hasbro Company 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.