South Dakota Investment Council Has $3.53 Million Stock Holdings in Hasbro, Inc. $HAS

South Dakota Investment Council lowered its position in Hasbro, Inc. (NASDAQ:HAS) by 27.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 46,554 shares of the company’s stock after selling 17,527 shares during the period. South Dakota Investment Council’s holdings in Hasbro were worth $3,531,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. TD Waterhouse Canada Inc. grew its position in Hasbro by 4,246.5% during the third quarter. TD Waterhouse Canada Inc. now owns 80,193 shares of the company’s stock valued at $6,040,000 after buying an additional 78,348 shares during the period. AGF Management Ltd. bought a new position in shares of Hasbro during the 3rd quarter valued at approximately $895,000. Prudential Financial Inc. increased its stake in shares of Hasbro by 14.2% during the 2nd quarter. Prudential Financial Inc. now owns 159,288 shares of the company’s stock worth $11,759,000 after purchasing an additional 19,752 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Hasbro by 34.0% in the 3rd quarter. Principal Financial Group Inc. now owns 197,629 shares of the company’s stock worth $14,990,000 after purchasing an additional 50,189 shares during the period. Finally, Truist Financial Corp raised its holdings in shares of Hasbro by 28.7% in the 3rd quarter. Truist Financial Corp now owns 54,210 shares of the company’s stock worth $4,112,000 after purchasing an additional 12,084 shares during the period. Institutional investors own 91.83% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on HAS. UBS Group reissued a “buy” rating on shares of Hasbro in a report on Wednesday, February 11th. BNP Paribas Exane initiated coverage on Hasbro in a report on Wednesday, February 25th. They issued an “outperform” rating and a $118.00 price objective for the company. Wall Street Zen upgraded Hasbro from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 7th. JPMorgan Chase & Co. increased their target price on shares of Hasbro from $94.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 11th. Finally, DA Davidson lifted their target price on shares of Hasbro from $80.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 11th. Eleven analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $114.08.

Insiders Place Their Bets

In other news, CFO Gina M. Goetter sold 12,429 shares of the business’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $103.46, for a total transaction of $1,285,904.34. Following the completion of the transaction, the chief financial officer owned 68,221 shares of the company’s stock, valued at approximately $7,058,144.66. The trade was a 15.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Christian P. Cocks sold 196,411 shares of the company’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $100.33, for a total transaction of $19,705,915.63. Following the completion of the transaction, the chief executive officer owned 303,310 shares in the company, valued at approximately $30,431,092.30. This trade represents a 39.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 413,342 shares of company stock valued at $42,241,679 in the last ninety days. Corporate insiders own 0.85% of the company’s stock.

Hasbro Stock Down 0.5%

Shares of NASDAQ HAS opened at $97.13 on Thursday. The company has a quick ratio of 1.24, a current ratio of 1.38 and a debt-to-equity ratio of 4.89. The company has a market cap of $13.67 billion, a P/E ratio of -41.33, a P/E/G ratio of 1.67 and a beta of 0.54. Hasbro, Inc. has a 52 week low of $49.00 and a 52 week high of $106.98. The business has a 50-day simple moving average of $92.30 and a two-hundred day simple moving average of $83.15.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Tuesday, February 10th. The company reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.52. Hasbro had a negative net margin of 6.86% and a positive return on equity of 127.21%. Hasbro’s revenue for the quarter was up 31.3% compared to the same quarter last year. During the same period last year, the company earned $0.46 earnings per share. Research analysts anticipate that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 4th. Investors of record on Wednesday, February 18th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, February 18th. This represents a $2.80 annualized dividend and a yield of 2.9%. Hasbro’s dividend payout ratio (DPR) is currently -119.15%.

Hasbro Company Profile

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.