Nisa Investment Advisors LLC Has $3.16 Million Stock Position in Hasbro, Inc. (NASDAQ:HAS)

Nisa Investment Advisors LLC raised its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 5.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,924 shares of the company’s stock after purchasing an additional 1,614 shares during the period. Nisa Investment Advisors LLC’s holdings in Hasbro were worth $3,162,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. raised its stake in Hasbro by 1.2% during the first quarter. BlackRock Inc. now owns 8,446,739 shares of the company’s stock worth $718,144,000 after acquiring an additional 102,935 shares in the last quarter. Principal Financial Group Inc. raised its stake in Hasbro by 2.8% during the first quarter. Principal Financial Group Inc. now owns 3,670,925 shares of the company’s stock worth $312,103,000 after acquiring an additional 100,264 shares in the last quarter. Ronna Sue Cohen raised its stake in Hasbro by 8,221.2% during the first quarter. Ronna Sue Cohen now owns 3,609,174 shares of the company’s stock worth $3,609,000 after acquiring an additional 3,565,801 shares in the last quarter. Janus Henderson Group PLC raised its stake in Hasbro by 5.0% during the first quarter. Janus Henderson Group PLC now owns 3,281,110 shares of the company’s stock worth $278,963,000 after acquiring an additional 155,935 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Hasbro by 6.7% during the fourth quarter. Geode Capital Management LLC now owns 1,746,932 shares of the company’s stock worth $141,722,000 after acquiring an additional 109,854 shares in the last quarter. Hedge funds and other institutional investors own 86.64% of the company’s stock.

Several research analysts have issued reports on HAS shares. Argus upgraded Hasbro from a “hold” rating to a “buy” rating and set a $145.00 price objective for the company in a research note on Friday, July 26th. DA Davidson raised their target price on Hasbro from $120.00 to $138.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. SunTrust Banks raised their target price on Hasbro to $118.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. They noted that the move was a valuation call. BMO Capital Markets raised their target price on Hasbro from $93.00 to $105.00 and gave the company a “market perform” rating in a research note on Wednesday, July 24th. They noted that the move was a valuation call. Finally, Stifel Nicolaus raised their target price on Hasbro from $95.00 to $99.00 and gave the company a “hold” rating in a research note on Monday, July 15th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $122.17.

Shares of HAS opened at $104.13 on Friday. The company has a current ratio of 2.64, a quick ratio of 2.11 and a debt-to-equity ratio of 0.99. Hasbro, Inc. has a 1 year low of $76.84 and a 1 year high of $126.87. The stock has a market cap of $14.44 billion, a P/E ratio of 27.05, a price-to-earnings-growth ratio of 2.28 and a beta of 1.04. The stock’s 50-day moving average price is $113.53 and its two-hundred day moving average price is $99.19.

Hasbro (NASDAQ:HAS) last issued its earnings results on Tuesday, July 23rd. The company reported $0.78 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.27. The firm had revenue of $984.54 million for the quarter, compared to analysts’ expectations of $958.91 million. Hasbro had a return on equity of 30.92% and a net margin of 6.69%. The company’s revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.48 earnings per share. As a group, equities analysts forecast that Hasbro, Inc. will post 4.71 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date is Thursday, October 31st. Hasbro’s dividend payout ratio is presently 70.65%.

Hasbro Profile

Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. The company's U.S. and Canada segment markets and sells action figures, arts and crafts, and creative play products; electronic toys and related electronic interactive products; fashion and other dolls, infant products, play sets, preschool toys, plush products, and sports action blasters and accessories; and vehicles and toy-related specialty products, as well as traditional board games, and trading card and role-playing games primarily in the United States and Canada.

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Institutional Ownership by Quarter for Hasbro (NASDAQ:HAS)

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