Texas Permanent School Fund Corp increased its holdings in shares of Hasbro, Inc. (NASDAQ:HAS – Free Report) by 0.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 26,975 shares of the company’s stock after acquiring an additional 248 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Hasbro were worth $1,747,000 as of its most recent filing with the SEC.
A number of other hedge funds have also bought and sold shares of the business. Morgan Stanley grew its stake in Hasbro by 232.3% during the fourth quarter. Morgan Stanley now owns 3,634,864 shares of the company’s stock worth $221,763,000 after buying an additional 2,541,129 shares in the last quarter. State Street Corp grew its stake in Hasbro by 35.8% during the first quarter. State Street Corp now owns 6,888,597 shares of the company’s stock worth $369,849,000 after buying an additional 1,814,972 shares in the last quarter. Norges Bank acquired a new stake in Hasbro during the fourth quarter worth about $83,133,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Hasbro during the second quarter worth about $69,936,000. Finally, AQR Capital Management LLC grew its stake in Hasbro by 64.7% during the first quarter. AQR Capital Management LLC now owns 1,892,814 shares of the company’s stock worth $99,411,000 after buying an additional 743,774 shares in the last quarter. 82.84% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on HAS shares. Bank of America restated a “neutral” rating and issued a $53.00 price target (down from $90.00) on shares of Hasbro in a research note on Friday, October 27th. StockNews.com upgraded shares of Hasbro from a “sell” rating to a “hold” rating in a research note on Monday, October 16th. Morgan Stanley cut their target price on shares of Hasbro from $84.00 to $78.00 and set an “overweight” rating on the stock in a research report on Friday, October 27th. Citigroup assumed coverage on shares of Hasbro in a research report on Friday, October 20th. They set a “neutral” rating and a $62.00 target price on the stock. Finally, Stifel Nicolaus lifted their target price 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. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $71.69.
Hasbro Stock Up 0.0 %
Hasbro stock opened at $45.15 on Friday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.30 and a current ratio of 1.60. Hasbro, Inc. has a 52-week low of $42.66 and a 52-week high of $73.57. The firm has a 50 day moving average price of $56.40 and a two-hundred day moving average price of $61.14. The firm has a market cap of $6.27 billion, a price-to-earnings ratio of -11.26, a PEG ratio of 2.45 and a beta of 0.77.
Hasbro (NASDAQ:HAS – Get Free Report) last released its quarterly earnings results on Thursday, October 26th. The company reported $1.64 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.64. Hasbro had a negative net margin of 10.33% and a positive return on equity of 18.55%. The firm had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.62 billion. During the same quarter last year, the business earned $1.42 EPS. The company’s revenue was down 10.3% compared to the same quarter last year. Equities analysts predict that Hasbro, Inc. will post 3.05 EPS for the current year.
Hasbro Company Profile
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.
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