Arizona State Retirement System Has $1.85 Million Stock Holdings in Hasbro, Inc. (NASDAQ:HAS)

Arizona State Retirement System grew its position in Hasbro, Inc. (NASDAQ:HAS) by 0.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 36,225 shares of the company’s stock after acquiring an additional 300 shares during the period. Arizona State Retirement System’s holdings in Hasbro were worth $1,850,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in Hasbro by 0.4% in the third quarter. Vanguard Group Inc. now owns 15,752,627 shares of the company’s stock valued at $1,041,879,000 after acquiring an additional 55,258 shares during the period. State Street Corp lifted its holdings in shares of Hasbro by 2.4% during the 2nd quarter. State Street Corp now owns 7,054,891 shares of the company’s stock valued at $456,945,000 after purchasing an additional 166,294 shares in the last quarter. Morgan Stanley grew its position in shares of Hasbro by 232.3% in the 4th quarter. Morgan Stanley now owns 3,634,864 shares of the company’s stock valued at $221,763,000 after purchasing an additional 2,541,129 shares during the period. Bank of New York Mellon Corp increased its stake in Hasbro by 76.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,281,877 shares of the company’s stock worth $217,063,000 after purchasing an additional 1,423,517 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Hasbro by 2.6% during the 1st quarter. Geode Capital Management LLC now owns 2,807,983 shares of the company’s stock worth $150,675,000 after buying an additional 72,270 shares during the period. Institutional investors own 91.83% of the company’s stock.

Hasbro Trading Down 0.8 %

Shares of NASDAQ:HAS opened at $55.80 on Friday. The company’s 50-day moving average price is $52.87 and its two-hundred day moving average price is $51.49. Hasbro, Inc. has a one year low of $42.66 and a one year high of $73.57. The company has a debt-to-equity ratio of 2.73, a current ratio of 1.13 and a quick ratio of 0.97. The stock has a market capitalization of $7.74 billion, a PE ratio of -5.21, a price-to-earnings-growth ratio of 1.51 and a beta of 0.74.

Hasbro (NASDAQ:HAS) last released its earnings results on Tuesday, February 13th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.26). Hasbro had a positive return on equity of 16.34% and a negative net margin of 29.77%. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the previous year, the company posted $1.31 EPS. The business’s revenue was down 23.2% on a year-over-year basis. On average, equities analysts forecast that Hasbro, Inc. will post 3.24 EPS for the current fiscal year.

Hasbro Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 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 5.02%. The ex-dividend date is Tuesday, April 30th. Hasbro’s dividend payout ratio is currently -26.12%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on HAS. Roth Mkm upped their price target on shares of Hasbro from $60.00 to $65.00 and gave the company a “buy” rating in a report on Monday, April 8th. TheStreet lowered shares of Hasbro from a “c-” rating to a “d+” rating in a research note on Tuesday, February 13th. JPMorgan Chase & Co. increased their target price on Hasbro from $52.00 to $54.00 and gave the stock a “neutral” rating in a report on Wednesday, February 14th. Jefferies Financial Group lifted their price target on Hasbro from $58.00 to $61.00 and gave the company a “buy” rating in a research note on Friday, March 15th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $52.00 price objective on shares of Hasbro in a research report on Tuesday, March 26th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $61.60.

About Hasbro

Hasbro, Inc, together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments.