Teachers Retirement System of The State of Kentucky Sells 914 Shares of Hasbro, Inc. (NASDAQ:HAS)

Teachers Retirement System of The State of Kentucky cut its stake in Hasbro, Inc. (NASDAQ:HAS) by 8.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 9,781 shares of the company’s stock after selling 914 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Hasbro were worth $708,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Plato Investment Management Ltd acquired a new position in Hasbro in the 2nd quarter valued at about $27,000. Asset Dedication LLC boosted its holdings in shares of Hasbro by 290.1% during the second quarter. Asset Dedication LLC now owns 472 shares of the company’s stock worth $28,000 after acquiring an additional 351 shares during the period. Blue Trust Inc. grew its position in shares of Hasbro by 224.8% in the third quarter. Blue Trust Inc. now owns 432 shares of the company’s stock valued at $31,000 after purchasing an additional 299 shares during the last quarter. True Wealth Design LLC bought a new position in shares of Hasbro during the third quarter worth approximately $31,000. Finally, Itau Unibanco Holding S.A. acquired a new stake in Hasbro during the 3rd quarter worth approximately $40,000. Institutional investors and hedge funds own 91.83% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Matthew Edward Austin sold 1,718 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $65.06, for a total value of $111,773.08. Following the completion of the transaction, the executive vice president now directly owns 36,828 shares in the company, valued at approximately $2,396,029.68. This represents a 4.46 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.82% of the company’s stock.

Hasbro Stock Performance

Shares of Hasbro stock opened at $58.11 on Thursday. The company has a 50 day moving average of $65.62 and a 200-day moving average of $64.72. The company has a market cap of $8.11 billion, a PE ratio of -12.52, a price-to-earnings-growth ratio of 0.60 and a beta of 0.62. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 2.64. Hasbro, Inc. has a 1-year low of $46.09 and a 1-year high of $73.46.

Hasbro (NASDAQ:HAS) last issued its earnings results on Thursday, October 24th. The company reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.45. Hasbro had a positive return on equity of 47.91% and a negative net margin of 14.83%. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter last year, the business posted $1.64 EPS. The company’s revenue was down 14.8% compared to the same quarter last year. As a group, equities research analysts forecast that Hasbro, Inc. will post 3.93 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.82%. The ex-dividend date of this dividend was Wednesday, November 20th. Hasbro’s dividend payout ratio is presently -60.34%.

Analysts Set New Price Targets

A number of brokerages have commented on HAS. Stifel Nicolaus upped their price objective on Hasbro from $78.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. upped their price target on shares of Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. DA Davidson lifted their price objective on shares of Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Bank of America increased their target price on shares of Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Finally, Morgan Stanley lifted their price target on shares of Hasbro from $80.00 to $92.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.67.

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.