Teacher Retirement System of Texas Boosts Holdings in Hasbro, Inc. $HAS

Teacher Retirement System of Texas grew its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 6.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,408 shares of the company’s stock after acquiring an additional 1,877 shares during the quarter. Teacher Retirement System of Texas’ holdings in Hasbro were worth $2,245,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. DekaBank Deutsche Girozentrale raised its stake in shares of Hasbro by 0.5% during the second quarter. DekaBank Deutsche Girozentrale now owns 34,020 shares of the company’s stock worth $2,490,000 after acquiring an additional 167 shares in the last quarter. RNC Capital Management LLC raised its stake in shares of Hasbro by 1.3% during the second quarter. RNC Capital Management LLC now owns 13,295 shares of the company’s stock worth $981,000 after acquiring an additional 170 shares in the last quarter. Atlantic Edge Private Wealth Management LLC raised its stake in shares of Hasbro by 21.6% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 1,046 shares of the company’s stock worth $64,000 after acquiring an additional 186 shares in the last quarter. Pinnacle Bancorp Inc. raised its stake in shares of Hasbro by 18.3% during the second quarter. Pinnacle Bancorp Inc. now owns 1,307 shares of the company’s stock worth $96,000 after acquiring an additional 202 shares in the last quarter. Finally, Amalgamated Bank raised its stake in shares of Hasbro by 0.9% during the first quarter. Amalgamated Bank now owns 27,783 shares of the company’s stock worth $1,708,000 after acquiring an additional 247 shares in the last quarter. 91.83% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HAS has been the topic of several research reports. Bank of America lifted their price target on shares of Hasbro from $95.00 to $100.00 and gave the stock a “buy” rating in a research note on Monday, September 29th. Roth Capital set a $96.00 price target on shares of Hasbro and gave the stock a “buy” rating in a research note on Friday, October 24th. Weiss Ratings restated a “sell (d-)” rating on shares of Hasbro in a report on Wednesday, October 8th. Zacks Research cut shares of Hasbro from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. Finally, DA Davidson raised their target price on shares of Hasbro from $75.00 to $80.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. Ten research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Hasbro currently has an average rating of “Moderate Buy” and an average target price of $89.25.

Hasbro Stock Down 0.3%

Shares of Hasbro stock opened at $76.31 on Monday. The company has a debt-to-equity ratio of 7.65, a quick ratio of 1.42 and a current ratio of 1.70. Hasbro, Inc. has a 52-week low of $49.00 and a 52-week high of $82.19. The stock has a market capitalization of $10.70 billion, a price-to-earnings ratio of -19.03, a P/E/G ratio of 0.98 and a beta of 0.60. The company’s 50 day moving average price is $76.69 and its 200-day moving average price is $72.52.

Hasbro (NASDAQ:HAS) last issued its earnings results on Thursday, October 23rd. The company reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.05. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.35 billion. Hasbro had a negative net margin of 12.81% and a positive return on equity of 82.17%. The business’s revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the business earned $1.73 earnings per share. Equities research analysts forecast that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 3rd. Stockholders of record on Wednesday, November 19th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.7%. Hasbro’s payout ratio is presently -69.83%.

Insider Activity

In other news, CEO Christian P. Cocks sold 27,800 shares of Hasbro stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $78.92, for a total transaction of $2,193,976.00. Following the sale, the chief executive officer owned 249,861 shares of the company’s stock, valued at approximately $19,719,030.12. The trade was a 10.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Roberta K. Thomson sold 1,002 shares of Hasbro stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $79.81, for a total transaction of $79,969.62. Following the sale, the insider directly owned 51,301 shares in the company, valued at $4,094,332.81. The trade was a 1.92% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 37,359 shares of company stock valued at $2,970,828. Corporate insiders own 0.85% of the company’s stock.

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.