New York State Teachers Retirement System Reduces Position in Hasbro, Inc. (NASDAQ:HAS)

New York State Teachers Retirement System reduced its holdings in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 6.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 107,571 shares of the company's stock after selling 7,802 shares during the period. New York State Teachers Retirement System owned approximately 0.08% of Hasbro worth $6,615,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of HAS. Kovitz Investment Group Partners LLC grew its position in Hasbro by 313.8% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 3,200,860 shares of the company's stock worth $178,960,000 after purchasing an additional 2,427,299 shares during the last quarter. Norges Bank purchased a new position in Hasbro during the 4th quarter worth $96,359,000. Invesco Ltd. grew its position in Hasbro by 28.5% during the 4th quarter. Invesco Ltd. now owns 3,159,524 shares of the company's stock worth $176,649,000 after purchasing an additional 701,660 shares during the last quarter. Marshall Wace LLP grew its position in Hasbro by 23.7% during the 4th quarter. Marshall Wace LLP now owns 2,643,381 shares of the company's stock worth $147,791,000 after purchasing an additional 507,054 shares during the last quarter. Finally, Amundi boosted its holdings in shares of Hasbro by 106.7% in the fourth quarter. Amundi now owns 819,961 shares of the company's stock valued at $46,827,000 after acquiring an additional 423,249 shares in the last quarter. 91.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HAS has been the topic of several analyst reports. Wall Street Zen raised shares of Hasbro from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. The Goldman Sachs Group raised shares of Hasbro from a "neutral" rating to a "buy" rating and lifted their target price for the company from $66.00 to $85.00 in a report on Monday, June 30th. DA Davidson reaffirmed a "neutral" rating and issued a $75.00 target price on shares of Hasbro in a report on Thursday, May 15th. Citigroup reaffirmed a "buy" rating and issued a $79.00 target price (up previously from $72.00) on shares of Hasbro in a report on Monday, June 16th. Finally, Morgan Stanley lifted their target price on shares of Hasbro from $71.00 to $77.00 and gave the company an "overweight" rating in a report on Thursday, May 29th. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $81.67.

Hasbro Price Performance

Shares of HAS traded down $0.67 on Friday, reaching $77.55. The stock had a trading volume of 1,692,972 shares, compared to its average volume of 1,717,670. The firm has a market capitalization of $10.87 billion, a PE ratio of 25.59, a PEG ratio of 2.14 and a beta of 0.59. The company has a quick ratio of 1.40, a current ratio of 1.65 and a debt-to-equity ratio of 2.78. The firm has a 50-day moving average of $67.39 and a 200 day moving average of $61.68. Hasbro, Inc. has a twelve month low of $49.00 and a twelve month high of $78.83.

Hasbro (NASDAQ:HAS - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $1.04 earnings per share for the quarter, topping analysts' consensus estimates of $0.67 by $0.37. The business had revenue of $887.10 million for the quarter, compared to analysts' expectations of $770.60 million. Hasbro had a return on equity of 51.39% and a net margin of 9.99%. The company's revenue was up 17.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.61 EPS. Sell-side analysts expect that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Wednesday, May 21st were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date was Wednesday, May 21st. Hasbro's dividend payout ratio is currently 92.41%.

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.