State of New Jersey Common Pension Fund D reduced its stake in shares of Hasbro, Inc. (NASDAQ:HAS – Free Report) by 32.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,446 shares of the company’s stock after selling 23,194 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Hasbro were worth $2,834,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Lindbrook Capital LLC increased its holdings in shares of Hasbro by 56.2% during the first quarter. Lindbrook Capital LLC now owns 464 shares of the company’s stock worth $26,000 after buying an additional 167 shares in the last quarter. Asset Dedication LLC increased its holdings in Hasbro by 290.1% during the 2nd quarter. Asset Dedication LLC now owns 472 shares of the company’s stock valued at $28,000 after purchasing an additional 351 shares in the last quarter. Optiver Holding B.V. bought a new position in Hasbro in the 4th quarter valued at $36,000. Neo Ivy Capital Management bought a new position in Hasbro in the 4th quarter valued at $45,000. Finally, International Assets Investment Management LLC acquired a new position in Hasbro in the second quarter worth $46,000. 91.83% of the stock is owned by institutional investors.
Hasbro Trading Up 1.1 %
HAS opened at $71.16 on Thursday. The firm’s fifty day moving average is $65.00 and its two-hundred day moving average is $60.42. The firm has a market cap of $9.91 billion, a PE ratio of -7.02, a price-to-earnings-growth ratio of 0.52 and a beta of 0.61. Hasbro, Inc. has a twelve month low of $42.66 and a twelve month high of $72.20. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.27 and a current ratio of 1.46.
Hasbro Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Wednesday, August 21st were given a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $2.80 annualized dividend and a dividend yield of 3.93%. Hasbro’s dividend payout ratio is presently -27.61%.
Wall Street Analyst Weigh In
A number of brokerages have commented on HAS. Stifel Nicolaus raised their price objective on shares of Hasbro from $76.00 to $78.00 and gave the company a “buy” rating in a research report on Friday, July 26th. JPMorgan Chase & Co. raised Hasbro from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $61.00 to $74.00 in a report on Thursday, May 23rd. DA Davidson reiterated a “neutral” rating and issued a $59.00 price objective on shares of Hasbro in a research report on Friday, July 26th. Morgan Stanley boosted their target price on Hasbro from $78.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Finally, UBS Group raised their price target on Hasbro from $68.00 to $69.00 and gave the company a “buy” rating in a report on Friday, May 24th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Hasbro presently has an average rating of “Moderate Buy” and an average price target of $70.55.
View Our Latest Stock Analysis on Hasbro
Hasbro 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.
Featured Articles
- Five stocks we like better than Hasbro
- How the NYSE and NASDAQ are Different, Why That Matters to Investors
- How Much Can You Make in Stocks in One Month?
- How Can Investors Benefit From After-Hours Trading
- This Is the Top Large-Cap Stock Insiders Are Buying
- What Are the U.K. Market Holidays? How to Invest and Trade
- Capitalize on Micron’s 24% Drop—Wall Street Eyes Major Upside
Want to see what other hedge funds are holding HAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hasbro, Inc. (NASDAQ:HAS – Free Report).
Receive News & Ratings for Hasbro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hasbro and related companies with MarketBeat.com's FREE daily email newsletter.