Kentucky Retirement Systems Insurance Trust Fund Raises Position in Hasbro, Inc. (NASDAQ:HAS)

Kentucky Retirement Systems Insurance Trust Fund grew its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 5.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,090 shares of the company’s stock after purchasing an additional 210 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Hasbro were worth $225,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Pacer Advisors Inc. raised its position in shares of Hasbro by 28,552.6% in the 4th quarter. Pacer Advisors Inc. now owns 2,789,613 shares of the company’s stock worth $155,967,000 after buying an additional 2,779,877 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Hasbro by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,184,036 shares of the company’s stock worth $85,629,000 after buying an additional 8,270 shares during the period. Mizuho Securities USA LLC raised its position in shares of Hasbro by 9,806.9% in the 3rd quarter. Mizuho Securities USA LLC now owns 1,000,000 shares of the company’s stock worth $72,320,000 after buying an additional 989,906 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Hasbro by 13.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 804,888 shares of the company’s stock worth $58,210,000 after buying an additional 97,039 shares during the period. Finally, Point72 Asset Management L.P. raised its position in shares of Hasbro by 9.5% in the 3rd quarter. Point72 Asset Management L.P. now owns 774,804 shares of the company’s stock worth $56,034,000 after buying an additional 66,995 shares during the period. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. DA Davidson increased their target price on Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Morgan Stanley increased their target price on Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Finally, Stifel Nicolaus lowered their price target on Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a report on Friday, January 3rd. Two 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.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $80.11.

Insider Activity

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

Hasbro Stock Down 0.2 %

Shares of Hasbro stock opened at $61.14 on Thursday. The business has a 50-day moving average of $58.27 and a 200-day moving average of $64.15. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.47 and a quick ratio of 1.29. The company has a market capitalization of $8.53 billion, a PE ratio of -13.18, a P/E/G ratio of 0.52 and a beta of 0.64. Hasbro, Inc. has a 1-year low of $48.63 and a 1-year high of $73.46.

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.