Arizona State Retirement System Buys 561 Shares of Hasbro, Inc. (HAS)

Arizona State Retirement System increased its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 0.8% during the third quarter, HoldingsChannel reports. The firm owned 68,679 shares of the company’s stock after buying an additional 561 shares during the period. Arizona State Retirement System’s holdings in Hasbro were worth $7,220,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Canada Pension Plan Investment Board lifted its holdings in Hasbro by 75.2% during the 2nd quarter. Canada Pension Plan Investment Board now owns 136,759 shares of the company’s stock worth $12,624,000 after purchasing an additional 58,710 shares in the last quarter. Dividend Assets Capital LLC purchased a new stake in Hasbro during the 2nd quarter worth about $2,578,000. Neuburgh Advisers LLC lifted its holdings in Hasbro by 86.3% during the 2nd quarter. Neuburgh Advisers LLC now owns 20,842 shares of the company’s stock worth $1,924,000 after purchasing an additional 9,656 shares in the last quarter. Burney Co. lifted its holdings in Hasbro by 15.1% during the 2nd quarter. Burney Co. now owns 38,805 shares of the company’s stock worth $3,582,000 after purchasing an additional 5,102 shares in the last quarter. Finally, FMR LLC lifted its holdings in Hasbro by 50.9% during the 2nd quarter. FMR LLC now owns 71,531 shares of the company’s stock worth $6,603,000 after purchasing an additional 24,135 shares in the last quarter. 80.12% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ HAS opened at $98.29 on Monday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.95 and a current ratio of 2.41. The stock has a market capitalization of $12.48 billion, a price-to-earnings ratio of 18.00, a price-to-earnings-growth ratio of 1.98 and a beta of 0.96. Hasbro, Inc. has a twelve month low of $79.00 and a twelve month high of $109.60.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Monday, October 22nd. The company reported $1.93 EPS for the quarter, missing the consensus estimate of $2.23 by ($0.30). The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.71 billion. Hasbro had a net margin of 4.31% and a return on equity of 34.61%. Hasbro’s revenue for the quarter was down 12.4% compared to the same quarter last year. During the same quarter last year, the company posted $2.09 earnings per share. Research analysts forecast that Hasbro, Inc. will post 4.25 EPS for the current fiscal year.

HAS has been the topic of a number of research analyst reports. Barclays upped their target price on Hasbro from $100.00 to $117.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 24th. TheStreet upgraded Hasbro from a “c+” rating to a “b” rating in a research note on Monday, July 23rd. Citigroup upped their target price on Hasbro from $101.00 to $116.00 and gave the stock a “buy” rating in a research note on Wednesday, August 8th. SunTrust Banks decreased their target price on Hasbro to $96.00 and set a “hold” rating on the stock in a research note on Tuesday, October 23rd. Finally, BMO Capital Markets upped their target price on Hasbro from $75.00 to $85.00 and gave the stock an “underperform” rating in a research note on Wednesday, July 25th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $105.33.

In other news, SVP Tarrant L. Sibley sold 1,525 shares of the stock in a transaction dated Tuesday, August 21st. The stock was sold at an average price of $100.00, for a total transaction of $152,500.00. Following the transaction, the senior vice president now directly owns 21,262 shares in the company, valued at approximately $2,126,200. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brian Goldner acquired 11,000 shares of Hasbro stock in a transaction dated Monday, October 29th. The shares were purchased at an average price of $91.80 per share, for a total transaction of $1,009,800.00. The disclosure for this purchase can be found here. Insiders have sold a total of 75,971 shares of company stock worth $7,697,608 over the last quarter. Corporate insiders own 9.90% of the company’s stock.

Hasbro Company 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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