California Public Employees Retirement System raised its stake in Hasbro, Inc. (NASDAQ:HAS) by 39.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 364,866 shares of the company’s stock after buying an additional 103,135 shares during the period. California Public Employees Retirement System owned approximately 0.29% of Hasbro worth $33,681,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Strs Ohio increased its stake in shares of Hasbro by 4.4% during the 2nd quarter. Strs Ohio now owns 12,266 shares of the company’s stock worth $1,132,000 after purchasing an additional 522 shares in the last quarter. Suntrust Banks Inc. increased its stake in shares of Hasbro by 8.4% during the 1st quarter. Suntrust Banks Inc. now owns 7,650 shares of the company’s stock worth $644,000 after purchasing an additional 596 shares in the last quarter. Advisor Partners LLC increased its stake in shares of Hasbro by 23.8% during the 2nd quarter. Advisor Partners LLC now owns 3,363 shares of the company’s stock worth $310,000 after purchasing an additional 647 shares in the last quarter. BLB&B Advisors LLC increased its stake in shares of Hasbro by 25.7% during the 2nd quarter. BLB&B Advisors LLC now owns 3,299 shares of the company’s stock worth $305,000 after purchasing an additional 675 shares in the last quarter. Finally, Eqis Capital Management Inc. increased its stake in shares of Hasbro by 10.4% during the 2nd quarter. Eqis Capital Management Inc. now owns 7,209 shares of the company’s stock worth $665,000 after purchasing an additional 680 shares in the last quarter. 80.05% of the stock is owned by institutional investors.

A number of analysts recently issued reports on HAS shares. BMO Capital Markets lowered shares of Hasbro from a “market perform” rating to an “underperform” rating and set a $80.00 target price on the stock. in a research report on Monday, July 16th. BidaskClub upgraded shares of Hasbro from a “hold” rating to a “buy” rating in a research report on Wednesday, August 29th. Jefferies Financial Group set a $120.00 target price on shares of Hasbro and gave the stock a “buy” rating in a research report on Tuesday, July 24th. SunTrust Banks raised their target price on shares of Hasbro to $108.00 and gave the stock a “hold” rating in a research report on Tuesday, July 24th. Finally, Citigroup raised their target price on shares of Hasbro from $101.00 to $116.00 and gave the stock a “buy” rating in a research report on Wednesday, August 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $107.63.

In other Hasbro news, CFO Deborah Thomas sold 10,000 shares of Hasbro stock in a transaction on Thursday, July 26th. The shares were sold at an average price of $100.63, for a total value of $1,006,300.00. Following the transaction, the chief financial officer now owns 84,568 shares in the company, valued at approximately $8,510,077.84. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Dolph Johnson sold 22,842 shares of Hasbro stock in a transaction on Monday, August 27th. The shares were sold at an average price of $101.39, for a total transaction of $2,315,950.38. Following the completion of the transaction, the executive vice president now owns 31,843 shares in the company, valued at approximately $3,228,561.77. The disclosure for this sale can be found here. In the last quarter, insiders sold 106,645 shares of company stock worth $10,796,944. 9.90% of the stock is owned by company insiders.

Shares of NASDAQ HAS opened at $105.56 on Wednesday. Hasbro, Inc. has a 1 year low of $79.00 and a 1 year high of $109.60. The company has a market cap of $13.64 billion, a P/E ratio of 19.33, a PEG ratio of 1.94 and a beta of 0.90. The company has a current ratio of 2.69, a quick ratio of 2.11 and a debt-to-equity ratio of 0.96.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Monday, July 23rd. The company reported $0.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.19. The company had revenue of $904.50 million for the quarter, compared to analyst estimates of $839.29 million. Hasbro had a net margin of 4.15% and a return on equity of 35.34%. Hasbro’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same quarter last year, the business earned $0.53 EPS. sell-side analysts anticipate that Hasbro, Inc. will post 4.75 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Thursday, November 1st will be issued a $0.63 dividend. The ex-dividend date is Wednesday, October 31st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.39%. Hasbro’s dividend payout ratio (DPR) is presently 46.15%.

Hasbro Profile

Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. The company's U.S. and Canada segment markets and sells action figures, arts and crafts, and creative play products; electronic toys and related electronic interactive products; fashion and other dolls, infant products, play sets, preschool toys, plush products, and sports action blasters and accessories; and vehicles and toy-related specialty products, as well as traditional board games, and trading card and role-playing games primarily in the United States and Canada.

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Institutional Ownership by Quarter for Hasbro (NASDAQ:HAS)

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