Texas Permanent School Fund Buys 561 Shares of Hasbro, Inc. (NASDAQ:HAS)

Texas Permanent School Fund raised its stake in shares of Hasbro, Inc. (NASDAQ:HAS – Get Rating) by 3.2% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 17,874 shares of the company’s stock after acquiring an additional 561 shares during the period. Texas Permanent School Fund’s holdings in Hasbro were worth $1,205,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Raymond James & Associates lifted its stake in Hasbro by 7.4% during the 3rd quarter. Raymond James & Associates now owns 322,058 shares of the company’s stock valued at $21,713,000 after acquiring an additional 22,262 shares during the period. AE Wealth Management LLC increased its position in shares of Hasbro by 754.6% during the 3rd quarter. AE Wealth Management LLC now owns 21,519 shares of the company’s stock valued at $1,451,000 after purchasing an additional 19,001 shares during the last quarter. Scott Investment Partners LLP increased its position in shares of Hasbro by 33.3% during the 3rd quarter. Scott Investment Partners LLP now owns 12,000 shares of the company’s stock valued at $809,000 after purchasing an additional 3,000 shares during the last quarter. Xponance Inc. increased its position in shares of Hasbro by 25.8% during the 3rd quarter. Xponance Inc. now owns 24,006 shares of the company’s stock valued at $1,618,000 after purchasing an additional 4,928 shares during the last quarter. Finally, BerganKDV Wealth Management LLC increased its position in shares of Hasbro by 46.3% during the 3rd quarter. BerganKDV Wealth Management LLC now owns 24,566 shares of the company’s stock valued at $1,656,000 after purchasing an additional 7,779 shares during the last quarter. Institutional investors own 80.87% of the company’s stock.

Hasbro Trading Down 0.1 %

Shares of HAS opened at $65.88 on Friday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.38 and a quick ratio of 1.03. Hasbro, Inc. has a 1 year low of $54.65 and a 1 year high of $105.13. The company has a 50 day simple moving average of $60.67 and a two-hundred day simple moving average of $70.68. The firm has a market cap of $9.10 billion, a P/E ratio of 22.11, a price-to-earnings-growth ratio of 3.81 and a beta of 0.76.

Hasbro (NASDAQ:HAS – Get Rating) last announced its quarterly earnings data on Tuesday, October 18th. The company reported $1.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.11). Hasbro had a net margin of 6.70% and a return on equity of 19.90%. The company had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.68 billion. During the same period last year, the business earned $1.96 earnings per share. The company’s quarterly revenue was down 14.9% compared to the same quarter last year. On average, equities analysts expect that Hasbro, Inc. will post 4.65 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 15th. Stockholders of record on Wednesday, February 1st will be given a dividend of $0.70 per share. The ex-dividend date is Tuesday, January 31st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.25%. Hasbro’s dividend payout ratio is currently 93.96%.

Analyst Upgrades and Downgrades

HAS has been the subject of several research reports. StockNews.com initiated coverage on shares of Hasbro in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Jefferies Financial Group reduced their price target on shares of Hasbro from $100.00 to $95.00 and set a “buy” rating for the company in a research report on Wednesday, October 5th. MKM Partners reduced their price target on shares of Hasbro from $105.00 to $90.00 and set a “buy” rating for the company in a research report on Monday, October 10th. Truist Financial reduced their target price on shares of Hasbro from $88.00 to $75.00 and set a “hold” rating for the company in a report on Wednesday, October 5th. Finally, DA Davidson increased their target price on shares of Hasbro from $112.00 to $113.00 and gave the stock a “buy” rating in a report on Wednesday, October 19th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Hasbro presently has an average rating of “Hold” and a consensus target price of $90.91.

Hasbro Profile

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Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. Its Consumer Products segment engages in the sourcing, marketing, and sale of toy and game products. This segment also promotes its brands through the out-licensing of trademarks, characters, and other brand and intellectual property rights to third parties through the sale of branded consumer products, such as toys and apparels.