Public Employees Retirement System of Ohio raised its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 4.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 118,817 shares of the company’s stock after buying an additional 5,275 shares during the period. Public Employees Retirement System of Ohio owned about 0.09% of Hasbro worth $9,654,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CSat Investment Advisory L.P. raised its stake in Hasbro by 77.0% in the fourth quarter. CSat Investment Advisory L.P. now owns 308 shares of the company’s stock valued at $25,000 after buying an additional 134 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in Hasbro by 7,213.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,145,000 shares of the company’s stock valued at $26,000 after buying an additional 2,115,671 shares in the last quarter. Bessemer Group Inc. raised its stake in Hasbro by 46.3% in the fourth quarter. Bessemer Group Inc. now owns 398 shares of the company’s stock valued at $33,000 after buying an additional 126 shares in the last quarter. Proficio Capital Partners LLC raised its stake in Hasbro by 41.4% in the fourth quarter. Proficio Capital Partners LLC now owns 420 shares of the company’s stock valued at $34,000 after buying an additional 123 shares in the last quarter. Finally, Van ECK Associates Corp raised its stake in Hasbro by 38.2% in the fourth quarter. Van ECK Associates Corp now owns 463 shares of the company’s stock valued at $38,000 after buying an additional 128 shares in the last quarter. Institutional investors and hedge funds own 89.63% of the company’s stock.
Shares of HAS traded down $1.40 during midday trading on Friday, reaching $88.78. 1,172,896 shares of the stock were exchanged, compared to its average volume of 859,223. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.07 and a current ratio of 2.42. Hasbro, Inc. has a twelve month low of $76.84 and a twelve month high of $109.60. The stock has a market capitalization of $11.19 billion, a P/E ratio of 23.06, a price-to-earnings-growth ratio of 1.93 and a beta of 0.90.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be issued a dividend of $0.68 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.06%. This is a positive change from Hasbro’s previous quarterly dividend of $0.63. Hasbro’s dividend payout ratio (DPR) is currently 65.45%.
A number of analysts have weighed in on the company. BMO Capital Markets cut their price target on Hasbro from $76.00 to $75.00 and set an “underperform” rating on the stock in a research note on Tuesday, February 26th. Monness Crespi & Hardt upgraded Hasbro from a “neutral” rating to a “buy” rating and set a $109.00 price target on the stock in a research note on Monday, February 11th. Wells Fargo & Co cut their price target on Hasbro from $90.00 to $82.00 and set a “market perform” rating on the stock in a research note on Thursday, March 21st. TheStreet cut Hasbro from a “b-” rating to a “c” rating in a research note on Friday, February 8th. Finally, Zacks Investment Research upgraded Hasbro from a “sell” rating to a “hold” rating in a research note on Thursday, January 3rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $103.43.
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Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. The company's U.S. and Canada segment markets and sells action figures, arts and crafts, and creative play products; electronic toys and related electronic interactive products; fashion and other dolls, infant products, play sets, preschool toys, plush products, and sports action blasters and accessories; and vehicles and toy-related specialty products, as well as traditional board games, and trading card and role-playing games primarily in the United States and Canada.
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