Today, Public Employees Retirement Association of Colorado Reduced the position of Hasbro Inc. (HAS)

Today, Public Employees Retirement Association of Colorado Reduced the position of Hasbro Inc. (HAS)

Public Employees Retirement Association of Colorado lowered its position in shares of Hasbro Inc. (NASDAQ:HAS) by 4.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,021 shares of the company’s stock after selling 1,029 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Hasbro were worth $1,826,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. BlackRock Institutional Trust Company N.A. increased its position in shares of Hasbro by 25.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 4,031,634 shares of the company’s stock worth $338,617,000 after buying an additional 808,094 shares during the last quarter. Kleinwort Benson Investors Dublin Ltd bought a new position in shares of Hasbro during the second quarter worth about $33,896,000. FMR LLC increased its position in shares of Hasbro by 19.8% in the second quarter. FMR LLC now owns 2,317,469 shares of the company’s stock worth $194,644,000 after buying an additional 382,740 shares during the last quarter. First Trust Advisors LP increased its position in shares of Hasbro by 464.3% in the second quarter. First Trust Advisors LP now owns 458,770 shares of the company’s stock worth $38,532,000 after buying an additional 377,471 shares during the last quarter. Finally, BlackRock Inc. increased its position in shares of Hasbro by 153.1% in the second quarter. BlackRock Inc. now owns 587,012 shares of the company’s stock worth $49,303,000 after buying an additional 355,119 shares during the last quarter. Institutional investors own 80.38% of the company’s stock.

Shares of Hasbro Inc. (NASDAQ:HAS) traded up 1.21% during trading on Friday, hitting $87.94. 418,645 shares of the stock traded hands. Hasbro Inc. has a 52-week low of $64.91 and a 52-week high of $88.53. The firm has a market cap of $10.97 billion, a price-to-earnings ratio of 20.89 and a beta of 0.85. The stock has a 50 day moving average of $82.72 and a 200 day moving average of $82.70.

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

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

Hasbro Company Profile

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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