New York State Teachers Retirement System Reduces Stock Holdings in Hasbro, Inc. $HAS

Key Points

• The New York State Teachers Retirement System has reduced its holdings in Hasbro, Inc. by 11.7%, now owning approximately 0.07% of the company, valued at $7 million.
• Several institutional investors, including Atlantic Edge Private Wealth Management LLC and Pinnacle Bancorp Inc., increased their positions in Hasbro, with significant percentage increases observed in the past quarters.
• Research analysts have mixed outlooks on Hasbro, with ratings ranging from "strong-buy" to "sell", reflecting a consensus rating of "Moderate Buy" and an average price target of $87.64.

New York State Teachers Retirement System trimmed its position in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 11.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 94,994 shares of the company's stock after selling 12,577 shares during the period. New York State Teachers Retirement System owned about 0.07% of Hasbro worth $7,012,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Atlantic Edge Private Wealth Management LLC lifted its position in shares of Hasbro by 21.6% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 1,046 shares of the company's stock valued at $64,000 after buying an additional 186 shares in the last quarter. Pinnacle Bancorp Inc. lifted its position in shares of Hasbro by 18.3% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 1,307 shares of the company's stock valued at $96,000 after buying an additional 202 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Hasbro by 16.2% during the 1st quarter. Farther Finance Advisors LLC now owns 1,471 shares of the company's stock valued at $91,000 after buying an additional 205 shares in the last quarter. Amalgamated Bank lifted its position in shares of Hasbro by 0.9% during the 1st quarter. Amalgamated Bank now owns 27,783 shares of the company's stock valued at $1,708,000 after buying an additional 247 shares in the last quarter. Finally, SBI Securities Co. Ltd. lifted its position in shares of Hasbro by 130.0% during the 1st quarter. SBI Securities Co. Ltd. now owns 476 shares of the company's stock valued at $29,000 after buying an additional 269 shares in the last quarter. 91.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on HAS shares. DA Davidson lifted their price objective on Hasbro from $75.00 to $80.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Bank of America lifted their price objective on Hasbro from $95.00 to $100.00 and gave the company a "buy" rating in a research report on Monday, September 29th. JPMorgan Chase & Co. boosted their price target on Hasbro from $75.00 to $94.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Zacks Research cut Hasbro from a "strong-buy" rating to a "hold" rating in a report on Friday, October 10th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Hasbro in a report on Wednesday, October 8th. Ten research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Hasbro has a consensus rating of "Moderate Buy" and an average target price of $87.64.

Insider Transactions at Hasbro

In other news, insider Roberta K. Thomson sold 1,002 shares of the company's stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $79.81, for a total transaction of $79,969.62. Following the sale, the insider directly owned 51,301 shares of the company's stock, valued at $4,094,332.81. This represents a 1.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Timothy J. Kilpin sold 8,557 shares of the company's stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $81.44, for a total value of $696,882.08. Following the sale, the insider directly owned 44,301 shares in the company, valued at $3,607,873.44. This trade represents a 16.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 37,359 shares of company stock valued at $2,970,828 in the last ninety days. Corporate insiders own 0.85% of the company's stock.

Hasbro Stock Up 0.6%

NASDAQ HAS opened at $74.81 on Monday. The stock's 50 day moving average is $77.38 and its 200 day moving average is $70.71. The company has a current ratio of 1.66, a quick ratio of 1.32 and a debt-to-equity ratio of 12.31. Hasbro, Inc. has a 12 month low of $49.00 and a 12 month high of $82.19. The stock has a market cap of $10.49 billion, a PE ratio of -18.43, a P/E/G ratio of 0.96 and a beta of 0.60.

Hasbro (NASDAQ:HAS - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The company reported $1.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.78 by $0.52. The business had revenue of $980.80 million for the quarter, compared to the consensus estimate of $891.82 million. Hasbro had a positive return on equity of 64.49% and a negative net margin of 13.37%.The company's revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.22 EPS. Research analysts predict that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.