Hasbro, Inc. (NASDAQ:HAS) Shares Acquired by New York State Teachers Retirement System

New York State Teachers Retirement System increased its position in Hasbro, Inc. (NASDAQ:HAS) by 3.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 115,373 shares of the company’s stock after buying an additional 4,259 shares during the quarter. New York State Teachers Retirement System owned about 0.08% of Hasbro worth $6,451,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Huntington National Bank raised its position in Hasbro by 27.3% during the third quarter. Huntington National Bank now owns 759 shares of the company’s stock valued at $55,000 after buying an additional 163 shares during the period. Glenmede Trust Co. NA boosted its stake in shares of Hasbro by 2.2% during the 3rd quarter. Glenmede Trust Co. NA now owns 7,657 shares of the company’s stock worth $554,000 after acquiring an additional 166 shares in the last quarter. Stratos Wealth Advisors LLC increased its holdings in shares of Hasbro by 4.6% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 4,924 shares of the company’s stock valued at $356,000 after acquiring an additional 217 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Hasbro by 1.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 14,249 shares of the company’s stock valued at $797,000 after acquiring an additional 259 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Hasbro by 4.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 6,474 shares of the company’s stock valued at $365,000 after acquiring an additional 269 shares in the last quarter. 91.83% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Morgan Stanley raised their price objective on Hasbro from $80.00 to $92.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. DA Davidson raised their target price on Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Finally, Stifel Nicolaus lowered their target price on Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a report on Friday, January 3rd. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Hasbro presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.11.

Hasbro Stock Performance

HAS opened at $61.14 on Thursday. Hasbro, Inc. has a 52-week low of $48.63 and a 52-week high of $73.46. The firm has a market capitalization of $8.53 billion, a PE ratio of -13.18, a PEG ratio of 0.52 and a beta of 0.64. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.29 and a current ratio of 1.47. The business’s 50-day simple moving average is $58.27 and its 200 day simple moving average is $64.15.

Insider Buying and Selling

In other news, EVP Matthew Edward Austin sold 1,718 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $65.06, for a total transaction of $111,773.08. Following the transaction, the executive vice president now owns 36,828 shares in the company, valued at approximately $2,396,029.68. This trade represents a 4.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.82% of the stock is currently owned by corporate insiders.

Hasbro Company Profile

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.