State of Tennessee Department of Treasury Has $1.72 Million Stock Position in Hasbro, Inc. (NASDAQ:HAS)

State of Tennessee Department of Treasury lessened its holdings in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 57.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,790 shares of the company's stock after selling 42,174 shares during the quarter. State of Tennessee Department of Treasury's holdings in Hasbro were worth $1,721,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. American Trust acquired a new position in Hasbro in the third quarter worth $634,000. Polymer Capital Management US LLC acquired a new position in Hasbro in the fourth quarter valued at approximately $502,000. Jones Financial Companies Lllp grew its holdings in shares of Hasbro by 32.4% during the fourth quarter. Jones Financial Companies Lllp now owns 9,911 shares of the company's stock valued at $554,000 after purchasing an additional 2,426 shares during the last quarter. Capital Wealth Management LLC acquired a new stake in shares of Hasbro during the 4th quarter worth approximately $496,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Hasbro in the 4th quarter worth approximately $540,000. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on HAS. DA Davidson raised Hasbro to a "hold" rating in a research report on Monday, April 14th. Roth Mkm boosted their target price on shares of Hasbro from $68.00 to $82.00 and gave the company a "buy" rating in a research note on Friday, February 21st. StockNews.com lowered shares of Hasbro from a "buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Citigroup upgraded Hasbro from a "neutral" rating to a "buy" rating and set a $72.00 price objective for the company in a research report on Friday, April 25th. Finally, Monness Crespi & Hardt raised Hasbro to a "strong-buy" rating in a research note on Tuesday, April 22nd. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $79.89.

Hasbro Price Performance

Shares of NASDAQ:HAS traded up $0.09 during trading hours on Monday, hitting $61.84. 289,580 shares of the company's stock traded hands, compared to its average volume of 1,675,862. The company's fifty day simple moving average is $58.85 and its two-hundred day simple moving average is $60.63. The company has a market cap of $8.65 billion, a price-to-earnings ratio of 22.50, a price-to-earnings-growth ratio of 0.60 and a beta of 0.54. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.29 and a current ratio of 1.60. Hasbro, Inc. has a 52 week low of $49.00 and a 52 week high of $73.46.

Hasbro (NASDAQ:HAS - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.37. The firm had revenue of $887.10 million for the quarter, compared to analyst estimates of $770.60 million. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. The firm's quarterly revenue was up 17.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.61 earnings per share. As a group, equities analysts anticipate that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 21st will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $2.80 annualized dividend and a yield of 4.53%. Hasbro's payout ratio is presently 92.41%.

About Hasbro

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.