Retirement Systems of Alabama Trims Stock Position in Hasbro, Inc. (NASDAQ:HAS)

Retirement Systems of Alabama cut its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 0.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 28,179 shares of the company’s stock after selling 212 shares during the quarter. Retirement Systems of Alabama’s holdings in Hasbro were worth $1,733,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Parvin Asset Management LLC bought a new position in shares of Hasbro during the fourth quarter valued at approximately $25,000. Sentry Investment Management LLC bought a new position in shares of Hasbro during the first quarter valued at approximately $28,000. Allworth Financial LP boosted its stake in shares of Hasbro by 120.1% during the fourth quarter. Allworth Financial LP now owns 482 shares of the company’s stock valued at $28,000 after purchasing an additional 263 shares in the last quarter. Itau Unibanco Holding S.A. boosted its stake in shares of Hasbro by 32.1% during the fourth quarter. Itau Unibanco Holding S.A. now owns 733 shares of the company’s stock valued at $41,000 after purchasing an additional 178 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. bought a new position in shares of Hasbro during the fourth quarter valued at approximately $44,000. 91.83% of the stock is owned by hedge funds and other institutional investors.

Hasbro Price Performance

Shares of HAS opened at $72.31 on Friday. Hasbro, Inc. has a twelve month low of $49.00 and a twelve month high of $73.46. The company has a 50 day moving average of $64.85 and a two-hundred day moving average of $61.10. The company has a quick ratio of 1.40, a current ratio of 1.65 and a debt-to-equity ratio of 2.78. The company has a market cap of $10.13 billion, a price-to-earnings ratio of 23.86, a price-to-earnings-growth ratio of 1.98 and a beta of 0.56.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Thursday, April 24th. The company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.67 by $0.37. Hasbro had a net margin of 9.99% and a return on equity of 51.39%. The business had revenue of $887.10 million during the quarter, compared to the consensus estimate of $770.60 million. During the same period in the previous year, the firm posted $0.61 earnings per share. The business’s revenue for the quarter was up 17.1% compared to the same quarter last year. As a group, analysts predict that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Wednesday, May 21st were issued a dividend of $0.70 per share. The ex-dividend date was Wednesday, May 21st. This represents a $2.80 annualized dividend and a dividend yield of 3.87%. Hasbro’s dividend payout ratio (DPR) is presently 92.41%.

Analysts Set New Price Targets

HAS has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of Hasbro from a “hold” rating to a “buy” rating in a research note on Thursday, May 22nd. Monness Crespi & Hardt upgraded shares of Hasbro to a “strong-buy” rating in a research note on Tuesday, April 22nd. Citigroup restated a “buy” rating and issued a $79.00 target price (up from $72.00) on shares of Hasbro in a research note on Monday, June 16th. DA Davidson restated a “neutral” rating and issued a $75.00 target price on shares of Hasbro in a research note on Thursday, May 15th. Finally, Morgan Stanley raised their target price on shares of Hasbro from $71.00 to $77.00 and gave the company an “overweight” rating in a research note on Thursday, May 29th. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $81.25.

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.