Trade Report: Today, Arizona State Retirement System Sold shares of Hasbro Inc. (HAS)

Today, Arizona State Retirement System Sold shares of Hasbro Inc. (HAS)

Arizona State Retirement System decreased its position in shares of Hasbro Inc. (NASDAQ:HAS) by 7.1% during the third quarter, Holdings Channel reports. The firm owned 36,405 shares of the company’s stock after selling 2,800 shares during the period. Arizona State Retirement System’s holdings in Hasbro were worth $2,888,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. A.R.T. Advisors LLC acquired a new position in shares of Hasbro during the first quarter worth about $672,000. LPL Financial LLC boosted its position in shares of Hasbro by 15.8% in the first quarter. LPL Financial LLC now owns 33,641 shares of the company’s stock worth $2,617,000 after buying an additional 4,591 shares during the period. Panagora Asset Management Inc. boosted its position in shares of Hasbro by 10.1% in the first quarter. Panagora Asset Management Inc. now owns 120,593 shares of the company’s stock worth $9,659,000 after buying an additional 11,049 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Hasbro by 32.1% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,433 shares of the company’s stock worth $512,000 after buying an additional 1,564 shares during the period. Finally, First Republic Investment Management Inc. boosted its position in shares of Hasbro by 151.0% in the first quarter. First Republic Investment Management Inc. now owns 68,381 shares of the company’s stock worth $5,478,000 after buying an additional 41,138 shares during the period. 80.38% of the stock is owned by institutional investors.

Hasbro Inc. (NASDAQ:HAS) traded up 1.21% during mid-day trading on Friday, reaching $87.94. 418,645 shares of the company’s stock were exchanged. Hasbro Inc. has a one year low of $64.91 and a one year high of $88.53. The company’s 50-day moving average is $82.72 and its 200 day moving average is $82.70. The firm has a market capitalization of $10.97 billion, a P/E ratio of 20.89 and a beta of 0.85.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Monday, October 17th. The company reported $2.03 EPS for the quarter, topping the Zacks’ consensus estimate of $1.74 by $0.29. The firm had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.55 billion. Hasbro had a net margin of 11.01% and a return on equity of 32.27%. The business’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.58 earnings per share. Equities analysts predict that Hasbro Inc. will post $4.13 earnings per share for the current fiscal year.

A number of research analysts recently issued reports on HAS shares. Vetr cut shares of Hasbro from a “buy” rating to a “hold” rating and set a $85.90 price target for the company. in a research report on Friday, August 12th. Zacks Investment Research raised shares of Hasbro from a “hold” rating to a “buy” rating and set a $87.00 price target for the company in a research report on Monday, September 19th. Jefferies Group reissued a “hold” rating and set a $82.00 price target on shares of Hasbro in a research report on Thursday, October 13th. MKM Partners reissued a “neutral” rating and set a $84.00 price target on shares of Hasbro in a research report on Friday, October 14th. Finally, Barclays PLC reissued an “equal weight” rating on shares of Hasbro in a research report on Friday, October 21st. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $86.90.

About Hasbro

Hasbro, Inc (Hasbro) is a branded-play company. The Company’s operating segments include the U.S. and Canada segment, the International segment, the Entertainment and Licensing segment, and Global Operations segment. The U.S. and Canada segment is engaged in the marketing and sale of its products in the United States.

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