State Treasurer State of Michigan decreased its stake in Hasbro, Inc. (NASDAQ:HAS) by 3.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 33,239 shares of the company’s stock after selling 1,300 shares during the quarter. State Treasurer State of Michigan’s holdings in Hasbro were worth $3,021,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the stock. Cypress Capital Group boosted its position in shares of Hasbro by 2.5% in the 2nd quarter. Cypress Capital Group now owns 2,230 shares of the company’s stock valued at $249,000 after purchasing an additional 55 shares during the period. Thrivent Financial For Lutherans boosted its position in shares of Hasbro by 3.4% in the 2nd quarter. Thrivent Financial For Lutherans now owns 4,260 shares of the company’s stock valued at $475,000 after purchasing an additional 140 shares during the period. National Asset Management Inc. boosted its position in shares of Hasbro by 6.5% in the 2nd quarter. National Asset Management Inc. now owns 2,718 shares of the company’s stock valued at $305,000 after purchasing an additional 166 shares during the period. Advisory Services Network LLC boosted its position in shares of Hasbro by 2.6% in the 2nd quarter. Advisory Services Network LLC now owns 9,607 shares of the company’s stock valued at $1,071,000 after purchasing an additional 239 shares during the period. Finally, Scotia Capital Inc. boosted its position in shares of Hasbro by 21.3% in the 2nd quarter. Scotia Capital Inc. now owns 2,779 shares of the company’s stock valued at $310,000 after purchasing an additional 488 shares during the period. Institutional investors and hedge funds own 79.32% of the company’s stock.

Shares of Hasbro, Inc. (NASDAQ HAS) opened at $97.73 on Friday. Hasbro, Inc. has a 1 year low of $87.92 and a 1 year high of $116.20. The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.11 and a current ratio of 2.90. The company has a market capitalization of $12,017.13, a PE ratio of 31.32, a price-to-earnings-growth ratio of 1.56 and a beta of 0.86.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Wednesday, February 7th. The company reported $2.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.82 by $0.48. Hasbro had a return on equity of 36.36% and a net margin of 7.61%. The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same period last year, the business earned $1.64 EPS. The business’s quarterly revenue was down 1.8% on a year-over-year basis. equities analysts predict that Hasbro, Inc. will post 5.31 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 15th. Stockholders of record on Tuesday, May 1st will be paid a dividend of $0.63 per share. The ex-dividend date of this dividend is Monday, April 30th. This is an increase from Hasbro’s previous quarterly dividend of $0.57. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.58%. Hasbro’s dividend payout ratio (DPR) is 73.08%.

HAS has been the subject of a number of recent analyst reports. BidaskClub lowered Hasbro from a “hold” rating to a “sell” rating in a research report on Wednesday, December 6th. Zacks Investment Research upgraded Hasbro from a “sell” rating to a “hold” rating in a research report on Tuesday, December 26th. DA Davidson restated a “buy” rating and set a $124.00 price objective (up from $121.00) on shares of Hasbro in a research report on Tuesday, October 24th. B. Riley started coverage on Hasbro in a research report on Thursday, December 21st. They set a “buy” rating and a $108.00 price objective for the company. Finally, BMO Capital Markets restated a “hold” rating and set a $83.00 price objective on shares of Hasbro in a research report on Monday, November 27th. Nine equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Hasbro presently has a consensus rating of “Hold” and a consensus price target of $109.87.

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Hasbro Company Profile

Hasbro, Inc (Hasbro) is a play and entertainment company. The Company’s operating segments include the U.S. and Canada, International, and Entertainment and Licensing. From toys and games to content development, including television programming, motion pictures, digital gaming and a consumer products licensing program, Hasbro fulfills the fundamental need for play and connection for children and families around the world.

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Institutional Ownership by Quarter for Hasbro (NASDAQ:HAS)

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