California Public Employees Retirement System Cuts Holdings in Hasbro, Inc. (NASDAQ:HAS)

California Public Employees Retirement System lowered its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 3.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 228,801 shares of the company’s stock after selling 8,507 shares during the period. California Public Employees Retirement System’s holdings in Hasbro were worth $12,792,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Keybank National Association OH lifted its stake in shares of Hasbro by 3.5% during the 4th quarter. Keybank National Association OH now owns 5,381 shares of the company’s stock worth $301,000 after purchasing an additional 180 shares during the last quarter. Blair William & Co. IL raised its holdings in Hasbro by 1.0% in the fourth quarter. Blair William & Co. IL now owns 19,335 shares of the company’s stock worth $1,081,000 after purchasing an additional 192 shares in the last quarter. Principal Securities Inc. lifted its position in shares of Hasbro by 16.4% during the fourth quarter. Principal Securities Inc. now owns 1,478 shares of the company’s stock valued at $83,000 after buying an additional 208 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund lifted its position in shares of Hasbro by 5.4% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 4,090 shares of the company’s stock valued at $225,000 after buying an additional 210 shares during the last quarter. Finally, Morningstar Investment Management LLC boosted its holdings in shares of Hasbro by 5.9% in the 4th quarter. Morningstar Investment Management LLC now owns 4,650 shares of the company’s stock valued at $260,000 after buying an additional 258 shares in the last quarter. Institutional investors own 91.83% of the company’s stock.

Analysts Set New Price Targets

HAS has been the subject of several recent analyst reports. Morgan Stanley reiterated an “overweight” rating and set a $84.00 price objective (down previously from $88.00) on shares of Hasbro in a research note on Friday, February 21st. Stifel Nicolaus decreased their price objective on Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a report on Friday, January 3rd. StockNews.com raised Hasbro from a “hold” rating to a “buy” rating in a research report on Tuesday, March 25th. DA Davidson upped their target price on Hasbro from $73.00 to $75.00 and gave the company a “neutral” rating in a research report on Monday, February 24th. Finally, Roth Mkm raised their price target on Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, February 21st. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $80.22.

Hasbro Trading Down 1.9 %

Shares of NASDAQ:HAS opened at $53.96 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.60 and a debt-to-equity ratio of 2.85. Hasbro, Inc. has a 52-week low of $51.12 and a 52-week high of $73.46. The stock has a market cap of $7.53 billion, a price-to-earnings ratio of 19.62, a PEG ratio of 0.60 and a beta of 0.51. The business has a 50-day moving average price of $61.33 and a 200-day moving average price of $63.19.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.10. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.02 billion. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. Equities analysts predict that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Monday, March 3rd were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 5.19%. The ex-dividend date of this dividend was Monday, March 3rd. Hasbro’s payout ratio is 101.82%.

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.