Texas Permanent School Fund Grows Holdings in Hasbro, Inc. (NASDAQ:HAS)

Texas Permanent School Fund grew its holdings in Hasbro, Inc. (NASDAQ:HASGet Rating) by 3.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,874 shares of the company’s stock after purchasing an additional 561 shares during the period. Texas Permanent School Fund’s holdings in Hasbro were worth $1,205,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Worth Asset Management LLC purchased a new position in shares of Hasbro during the first quarter valued at $27,000. Carolinas Wealth Consulting LLC increased its stake in shares of Hasbro by 60.9% during the first quarter. Carolinas Wealth Consulting LLC now owns 309 shares of the company’s stock valued at $25,000 after buying an additional 117 shares during the period. Investors Asset Management of Georgia Inc. GA ADV purchased a new position in shares of Hasbro during the second quarter valued at $26,000. Grayhawk Investment Strategies Inc. purchased a new position in shares of Hasbro during the second quarter valued at $37,000. Finally, Power Corp of Canada purchased a new position in shares of Hasbro during the first quarter valued at $29,000. Hedge funds and other institutional investors own 80.87% of the company’s stock.

Hasbro Price Performance

Shares of NASDAQ HAS opened at $65.88 on Friday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.38. Hasbro, Inc. has a fifty-two week low of $54.65 and a fifty-two week high of $105.13. The company has a market cap of $9.10 billion, a PE ratio of 22.11, a P/E/G ratio of 3.81 and a beta of 0.76. The business has a 50-day simple moving average of $60.67 and a two-hundred day simple moving average of $70.68.

Hasbro (NASDAQ:HASGet Rating) last released its earnings results on Tuesday, October 18th. The company reported $1.42 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.11). Hasbro had a return on equity of 19.90% and a net margin of 6.70%. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same period last year, the firm earned $1.96 EPS. The company’s revenue for the quarter was down 14.9% compared to the same quarter last year. As a group, equities analysts expect that Hasbro, Inc. will post 4.65 EPS for the current fiscal year.

Hasbro Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 15th. Investors of record on Wednesday, February 1st will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date is Tuesday, January 31st. Hasbro’s dividend payout ratio (DPR) is 93.96%.

Analyst Ratings Changes

Several brokerages have recently commented on HAS. Truist Financial cut their price target on Hasbro from $88.00 to $75.00 and set a “hold” rating on the stock in a research note on Wednesday, October 5th. DA Davidson lifted their target price on Hasbro from $112.00 to $113.00 and gave the company a “buy” rating in a research note on Wednesday, October 19th. Stifel Nicolaus cut their target price on Hasbro from $84.00 to $76.00 and set a “buy” rating on the stock in a research note on Tuesday, January 3rd. BMO Capital Markets cut their target price on Hasbro from $74.00 to $66.00 and set a “market perform” rating on the stock in a research note on Wednesday, January 4th. Finally, StockNews.com started coverage on Hasbro in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $90.91.

Hasbro Company Profile

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Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. Its Consumer Products segment engages in the sourcing, marketing, and sale of toy and game products. This segment also promotes its brands through the out-licensing of trademarks, characters, and other brand and intellectual property rights to third parties through the sale of branded consumer products, such as toys and apparels.

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Institutional Ownership by Quarter for Hasbro (NASDAQ:HAS)

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