State of Tennessee Department of Treasury Trims Stock Holdings in Hasbro, Inc. (NASDAQ:HAS)

State of Tennessee Department of Treasury cut its stake in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 57.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,790 shares of the company's stock after selling 42,174 shares during the period. State of Tennessee Department of Treasury's holdings in Hasbro were worth $1,721,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in HAS. Allworth Financial LP increased its stake in Hasbro by 120.1% in the fourth quarter. Allworth Financial LP now owns 482 shares of the company's stock valued at $28,000 after purchasing an additional 263 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Hasbro in the third quarter worth approximately $45,000. Resona Asset Management Co. Ltd. bought a new stake in shares of Hasbro during the fourth quarter valued at approximately $44,000. Canada Post Corp Registered Pension Plan acquired a new position in shares of Hasbro during the fourth quarter worth approximately $43,000. Finally, TD Waterhouse Canada Inc. lifted its holdings in shares of Hasbro by 182.4% in the 4th quarter. TD Waterhouse Canada Inc. now owns 1,443 shares of the company's stock worth $81,000 after purchasing an additional 932 shares in the last quarter. Institutional investors and hedge funds own 91.83% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on HAS. Roth Mkm upped their price objective on shares of Hasbro from $68.00 to $82.00 and gave the stock a "buy" rating in a report on Friday, February 21st. StockNews.com downgraded Hasbro from a "buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Citigroup raised Hasbro from a "neutral" rating to a "buy" rating and set a $72.00 price objective for the company in a research note on Friday, April 25th. Morgan Stanley reaffirmed an "overweight" rating and set a $84.00 target price (down previously from $88.00) on shares of Hasbro in a research report on Friday, February 21st. Finally, DA Davidson upgraded Hasbro to a "hold" rating in a research note on Monday, April 14th. Two 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, Hasbro currently has a consensus rating of "Moderate Buy" and an average target price of $79.89.

Hasbro Stock Performance

Shares of NASDAQ:HAS traded up $1.04 during midday trading on Friday, reaching $61.75. The company had a trading volume of 2,499,291 shares, compared to its average volume of 1,679,878. Hasbro, Inc. has a 52-week low of $49.00 and a 52-week high of $73.46. The company's 50 day moving average price is $58.98 and its 200 day moving average price is $60.85. The company has a current ratio of 1.60, a quick ratio of 1.29 and a debt-to-equity ratio of 2.85. The stock has a market cap of $8.64 billion, a P/E ratio of 22.45, a P/E/G ratio of 0.60 and a beta of 0.51.

Hasbro (NASDAQ:HAS - Get Free Report) last issued 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. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. The company had revenue of $887.10 million during the quarter, compared to analyst estimates of $770.60 million. During the same quarter last year, the business posted $0.61 EPS. Hasbro's quarterly revenue was up 17.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 21st will be given a dividend of $0.70 per share. The ex-dividend date is Wednesday, May 21st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.53%. Hasbro's dividend payout ratio is presently 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.