Hasbro, Inc. (NASDAQ:HAS) Shares Sold by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund lowered its position in Hasbro, Inc. (NASDAQ:HAS) by 7.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,305 shares of the company’s stock after selling 341 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Hasbro were worth $243,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. UBS Group AG increased its holdings in Hasbro by 43.1% in the fourth quarter. UBS Group AG now owns 329,666 shares of the company’s stock valued at $16,833,000 after buying an additional 99,263 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in shares of Hasbro by 77.2% during the 1st quarter. Commonwealth Equity Services LLC now owns 48,657 shares of the company’s stock worth $2,750,000 after purchasing an additional 21,204 shares in the last quarter. CWM LLC increased its stake in shares of Hasbro by 37.1% during the 4th quarter. CWM LLC now owns 1,910 shares of the company’s stock worth $97,000 after purchasing an additional 517 shares in the last quarter. Intech Investment Management LLC increased its stake in shares of Hasbro by 351.7% during the 1st quarter. Intech Investment Management LLC now owns 24,411 shares of the company’s stock worth $1,380,000 after purchasing an additional 19,007 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Hasbro during the 4th quarter worth approximately $70,544,000. 91.83% of the stock is owned by hedge funds and other institutional investors.

Hasbro Stock Up 1.0 %

Shares of NASDAQ:HAS traded up $0.63 during midday trading on Monday, hitting $64.48. 783,681 shares of the company’s stock traded hands, compared to its average volume of 1,797,064. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.27 and a current ratio of 1.46. The company has a market cap of $8.98 billion, a PE ratio of -6.30, a P/E/G ratio of 0.50 and a beta of 0.62. The firm’s fifty day moving average price is $59.50 and its two-hundred day moving average price is $56.01. Hasbro, Inc. has a twelve month low of $42.66 and a twelve month high of $73.57.

Hasbro (NASDAQ:HAS) last posted its earnings results on Thursday, July 25th. The company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.44. Hasbro had a negative net margin of 22.78% and a positive return on equity of 38.83%. The business had revenue of $995.30 million for the quarter, compared to analyst estimates of $941.38 million. During the same quarter in the previous year, the business posted $0.49 EPS. The business’s quarterly revenue was down 17.7% on a year-over-year basis. On average, equities research analysts anticipate that Hasbro, Inc. will post 3.86 EPS for the current fiscal year.

Hasbro Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.34%. The ex-dividend date of this dividend is Wednesday, August 21st. Hasbro’s payout ratio is currently -27.61%.

Insider Transactions at Hasbro

In related news, EVP Tarrant L. Sibley sold 13,000 shares of the business’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $60.26, for a total transaction of $783,380.00. Following the completion of the sale, the executive vice president now owns 53,003 shares of the company’s stock, valued at approximately $3,193,960.78. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.82% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised shares of Hasbro from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $61.00 to $74.00 in a research note on Thursday, May 23rd. Monness Crespi & Hardt raised their price objective on shares of Hasbro from $60.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Morgan Stanley raised their price objective on shares of Hasbro from $78.00 to $79.00 and gave the stock an “overweight” rating in a research note on Friday. UBS Group raised their target price on shares of Hasbro from $68.00 to $69.00 and gave the stock a “buy” rating in a research report on Friday, May 24th. Finally, Bank of America upgraded shares of Hasbro from a “neutral” rating to a “buy” rating and raised their target price for the stock from $70.00 to $80.00 in a research report on Friday, June 14th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Hasbro currently has an average rating of “Moderate Buy” and an average target price of $70.08.

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.