Louisiana State Employees Retirement System Makes New Investment in Hasbro, Inc. $HAS

Louisiana State Employees Retirement System acquired a new stake in shares of Hasbro, Inc. (NASDAQ:HAS) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,800 shares of the company’s stock, valued at approximately $636,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of HAS. Brighton Jones LLC bought a new stake in Hasbro in the fourth quarter worth $317,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Hasbro by 11.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,563 shares of the company’s stock valued at $1,018,000 after acquiring an additional 1,753 shares during the last quarter. Empowered Funds LLC increased its position in Hasbro by 95.8% during the first quarter. Empowered Funds LLC now owns 13,187 shares of the company’s stock valued at $811,000 after acquiring an additional 6,451 shares during the last quarter. Woodline Partners LP raised its stake in shares of Hasbro by 40.7% in the first quarter. Woodline Partners LP now owns 11,078 shares of the company’s stock valued at $681,000 after acquiring an additional 3,203 shares during the period. Finally, Focus Partners Wealth bought a new stake in shares of Hasbro in the 1st quarter worth about $292,000. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on HAS. Weiss Ratings lowered shares of Hasbro from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, June 1st. BNP Paribas Exane upped their target price on Hasbro from $115.00 to $117.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. Zacks Research upgraded Hasbro from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 27th. Citigroup reduced their target price on Hasbro from $118.00 to $114.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Finally, Argus set a $105.00 target price on Hasbro in a research report on Friday, March 13th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $113.14.

Hasbro Trading Down 1.6%

NASDAQ:HAS opened at $76.73 on Wednesday. Hasbro, Inc. has a 52 week low of $69.50 and a 52 week high of $106.98. The firm has a 50 day moving average of $87.66 and a 200 day moving average of $90.40. The company has a quick ratio of 1.49, a current ratio of 1.65 and a debt-to-equity ratio of 4.59. The stock has a market capitalization of $10.86 billion, a price-to-earnings ratio of -46.22, a PEG ratio of 1.92 and a beta of 0.49.

Hasbro (NASDAQ:HAS) last announced its earnings results on Wednesday, May 13th. The company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.27. Hasbro had a positive return on equity of 174.64% and a negative net margin of 4.62%.The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $969.20 million. During the same period in the previous year, the business earned $1.04 EPS. The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Hasbro, Inc. will post 5.96 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Monday, June 1st were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Monday, June 1st. Hasbro’s payout ratio is presently -168.67%.

Hasbro Company Profile

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.