New York State Teachers Retirement System Has $18.74 Million Holdings in Hasbro, Inc. (HAS)
New York State Teachers Retirement System lessened its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 0.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 191,848 shares of the company’s stock after selling 618 shares during the quarter. New York State Teachers Retirement System owned about 0.15% of Hasbro worth $18,738,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Hasbro by 7,100.0% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 1,080 shares of the company’s stock worth $105,000 after purchasing an additional 1,065 shares during the period. YorkBridge Wealth Partners LLC lifted its stake in shares of Hasbro by 2.8% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,164 shares of the company’s stock worth $129,000 after purchasing an additional 32 shares during the period. Oakworth Capital Inc. lifted its stake in shares of Hasbro by 7.2% during the 2nd quarter. Oakworth Capital Inc. now owns 1,207 shares of the company’s stock worth $135,000 after purchasing an additional 81 shares during the period. San Francisco Sentry Investment Group CA purchased a new position in shares of Hasbro during the 2nd quarter worth $155,000. Finally, Highstreet Asset Management Inc. lifted its stake in shares of Hasbro by 105.2% during the 3rd quarter. Highstreet Asset Management Inc. now owns 1,584 shares of the company’s stock worth $155,000 after purchasing an additional 812 shares during the period. Hedge funds and other institutional investors own 78.17% of the company’s stock.
A number of research analysts have weighed in on HAS shares. Zacks Investment Research raised Hasbro from a “hold” rating to a “buy” rating and set a $107.00 price target on the stock in a research note on Monday, August 28th. Jefferies Group LLC reissued a “buy” rating and set a $125.00 price target on shares of Hasbro in a research note on Friday, July 21st. DA Davidson reissued a “buy” rating and set a $121.00 price target (up previously from $118.00) on shares of Hasbro in a research note on Saturday, July 22nd. Finally, KeyCorp reissued an “overweight” rating and set a $112.00 price target on shares of Hasbro in a research note on Wednesday, August 30th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $106.86.
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In related news, Director Alan G. Hassenfeld sold 276 shares of the stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $99.52, for a total value of $27,467.52. Following the completion of the sale, the director now directly owns 29,140 shares in the company, valued at approximately $2,900,012.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Alan G. Hassenfeld sold 152,341 shares of the stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $100.50, for a total value of $15,310,270.50. Following the completion of the sale, the director now owns 29,140 shares of the company’s stock, valued at $2,928,570. The disclosure for this sale can be found here. Over the last quarter, insiders sold 608,347 shares of company stock valued at $58,922,047. 11.00% of the stock is owned by insiders.
Hasbro, Inc. (NASDAQ:HAS) opened at $90.69 on Monday. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.53 and a quick ratio of 2.11. The firm has a market capitalization of $11,343.61, a price-to-earnings ratio of 19.34, a P/E/G ratio of 1.81 and a beta of 0.87. Hasbro, Inc. has a 52-week low of $77.20 and a 52-week high of $116.20.
Hasbro (NASDAQ:HAS) last issued its earnings results on Monday, October 23rd. The company reported $2.09 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.15. The business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.77 billion. Hasbro had a return on equity of 31.74% and a net margin of 11.34%. The business’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period last year, the company posted $2.03 EPS. analysts predict that Hasbro, Inc. will post 5 earnings per share for the current fiscal year.
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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