State Board of Administration of Florida Retirement System Increases Stock Position in Hasbro, Inc. (NASDAQ:HAS)

State Board of Administration of Florida Retirement System increased its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 0.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 151,770 shares of the company’s stock after purchasing an additional 300 shares during the quarter. State Board of Administration of Florida Retirement System owned 0.11% of Hasbro worth $8,149,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Carolinas Wealth Consulting LLC lifted its holdings in shares of Hasbro by 60.9% during the first quarter. Carolinas Wealth Consulting LLC now owns 309 shares of the company’s stock worth $25,000 after purchasing an additional 117 shares during the period. Worth Asset Management LLC acquired a new stake in Hasbro in the first quarter valued at $27,000. ING Groep NV acquired a new stake in Hasbro in the first quarter valued at $29,000. Power Corp of Canada acquired a new stake in Hasbro in the first quarter valued at $29,000. Finally, Orion Capital Management LLC acquired a new stake in Hasbro in the first quarter valued at $30,000. 82.84% of the stock is owned by institutional investors and hedge funds.

Hasbro Trading Down 2.6 %

Shares of HAS stock opened at $66.37 on Monday. The firm has a 50-day moving average price of $66.53 and a 200 day moving average price of $60.24. Hasbro, Inc. has a twelve month low of $45.75 and a twelve month high of $77.91. The company has a market capitalization of $9.21 billion, a price-to-earnings ratio of -35.88, a PEG ratio of 2.71 and a beta of 0.73. The company has a current ratio of 1.29, a quick ratio of 0.91 and a debt-to-equity ratio of 1.49.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.09). Hasbro had a negative net margin of 4.61% and a positive return on equity of 16.12%. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period in the prior year, the company earned $1.15 EPS. The company’s revenue was down 9.6% compared to the same quarter last year. Research analysts forecast that Hasbro, Inc. will post 4.07 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.22%. The ex-dividend date of this dividend is Tuesday, October 31st. Hasbro’s dividend payout ratio is currently -151.35%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on HAS shares. Bank of America raised their target price on Hasbro from $85.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, August 22nd. StockNews.com downgraded Hasbro from a “hold” rating to a “sell” rating in a report on Wednesday, September 13th. DA Davidson reiterated a “buy” rating and issued a $80.00 price objective on shares of Hasbro in a research report on Monday, August 7th. Stifel Nicolaus boosted their price objective on shares of Hasbro from $79.00 to $94.00 and gave the stock a “buy” rating in a research report on Friday, August 25th. Finally, Argus boosted their price objective on shares of Hasbro from $70.00 to $75.00 in a research report on Friday, August 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $79.64.

About Hasbro

Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company in the United States and internationally. The company operates through Consumer Products, Wizards of the Coast and Digital Gaming, and Entertainment segments. The Consumer Products segment engages in the sourcing, marketing, and sale of toy and game products.