New York State Common Retirement Fund Purchases 3,500 Shares of Hasbro, Inc. (NASDAQ:HAS)

New York State Common Retirement Fund raised its holdings in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 4.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,712 shares of the company's stock after acquiring an additional 3,500 shares during the period. New York State Common Retirement Fund owned approximately 0.06% of Hasbro worth $5,455,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in HAS. Commerce Bank lifted its position in shares of Hasbro by 1.2% in the fourth quarter. Commerce Bank now owns 14,540 shares of the company's stock worth $813,000 after buying an additional 171 shares during the last quarter. Itau Unibanco Holding S.A. increased its stake in Hasbro by 32.1% during the fourth quarter. Itau Unibanco Holding S.A. now owns 733 shares of the company's stock valued at $41,000 after acquiring an additional 178 shares during the period. Atlantic Edge Private Wealth Management LLC grew its stake in shares of Hasbro by 21.6% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 1,046 shares of the company's stock valued at $64,000 after purchasing an additional 186 shares during the period. Blair William & Co. IL grew its stake in shares of Hasbro by 1.0% in the 4th quarter. Blair William & Co. IL now owns 19,335 shares of the company's stock valued at $1,081,000 after purchasing an additional 192 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Hasbro by 16.2% in the 1st quarter. Farther Finance Advisors LLC now owns 1,471 shares of the company's stock worth $91,000 after acquiring an additional 205 shares in the last quarter. Institutional investors own 91.83% of the company's stock.

Hasbro Trading Down 0.9%

Shares of NASDAQ:HAS traded down $0.71 on Thursday, hitting $76.13. The company had a trading volume of 809,165 shares, compared to its average volume of 2,027,521. Hasbro, Inc. has a 1 year low of $49.00 and a 1 year high of $78.83. The firm has a market capitalization of $10.67 billion, a price-to-earnings ratio of 25.13, a P/E/G ratio of 2.10 and a beta of 0.59. The firm's 50-day simple moving average is $71.09 and its two-hundred day simple moving average is $63.44. The company has a quick ratio of 1.40, a current ratio of 1.65 and a debt-to-equity ratio of 2.78.

Hasbro (NASDAQ:HAS - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The company reported $1.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.78 by $0.52. Hasbro had a net margin of 9.99% and a return on equity of 51.39%. The company had revenue of $980.80 million during the quarter, compared to analysts' expectations of $891.82 million. During the same period last year, the company posted $1.22 EPS. Hasbro's revenue was down 1.5% on a year-over-year basis. Equities analysts anticipate that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Wednesday, August 20th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.68%. Hasbro's dividend payout ratio is presently 92.41%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. DA Davidson reissued a "neutral" rating and issued a $75.00 target price on shares of Hasbro in a report on Thursday, May 15th. Bank of America upped their target price on shares of Hasbro from $85.00 to $90.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. Citigroup restated a "buy" rating and issued a $79.00 price objective (up previously from $72.00) on shares of Hasbro in a research report on Monday, June 16th. Wall Street Zen upgraded shares of Hasbro from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Finally, Monness Crespi & Hardt increased their price objective on shares of Hasbro from $80.00 to $90.00 and gave the stock a "buy" rating in a research note on Thursday. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $84.73.

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.