New York State Teachers Retirement System Purchases 4,259 Shares of Hasbro, Inc. (NASDAQ:HAS)

New York State Teachers Retirement System increased its position in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 3.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 115,373 shares of the company's stock after buying an additional 4,259 shares during the period. New York State Teachers Retirement System owned about 0.08% of Hasbro worth $6,451,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in HAS. Pacer Advisors Inc. raised its position in Hasbro by 28,552.6% in the 4th quarter. Pacer Advisors Inc. now owns 2,789,613 shares of the company's stock worth $155,967,000 after purchasing an additional 2,779,877 shares during the period. Mizuho Securities USA LLC raised its position in Hasbro by 9,806.9% in the 3rd quarter. Mizuho Securities USA LLC now owns 1,000,000 shares of the company's stock worth $72,320,000 after purchasing an additional 989,906 shares during the period. Smith Group Asset Management LLC purchased a new stake in Hasbro in the 3rd quarter worth about $32,032,000. Robeco Institutional Asset Management B.V. raised its position in Hasbro by 207.6% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 547,822 shares of the company's stock worth $30,629,000 after purchasing an additional 369,744 shares during the period. Finally, Jennison Associates LLC raised its position in Hasbro by 882.9% in the 4th quarter. Jennison Associates LLC now owns 400,818 shares of the company's stock worth $22,410,000 after purchasing an additional 360,039 shares during the period. Institutional investors own 91.83% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on HAS. Roth Mkm increased their price objective on shares of Hasbro from $68.00 to $82.00 and gave the stock a "buy" rating in a research report on Friday. Stifel Nicolaus reduced their price objective on shares of Hasbro from $82.00 to $77.00 and set a "buy" rating on the stock in a research report on Friday, January 3rd. DA Davidson raised their target price on shares of Hasbro from $59.00 to $73.00 and gave the stock a "neutral" rating in a research report on Friday, October 25th. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $84.00 target price (down from $88.00) on shares of Hasbro in a research report on Friday. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $80.00.

Hasbro Stock Down 2.4 %

Shares of NASDAQ HAS traded down $1.67 during midday trading on Friday, reaching $67.39. 1,471,402 shares of the company's stock traded hands, compared to its average volume of 1,452,425. The company has a market cap of $9.40 billion, a price-to-earnings ratio of -14.49, a P/E/G ratio of 0.53 and a beta of 0.64. Hasbro, Inc. has a one year low of $48.63 and a one year high of $73.46. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 2.64. The stock's 50 day simple moving average is $58.31 and its 200-day simple moving average is $64.17.

Hasbro (NASDAQ:HAS - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.36 by $0.10. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.02 billion. Hasbro had a positive return on equity of 47.91% and a negative net margin of 14.83%. On average, analysts predict that Hasbro, Inc. will post 3.88 EPS for the current fiscal year.

Insider Buying and Selling at Hasbro

In other news, EVP Matthew Edward Austin sold 1,718 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $65.06, for a total transaction of $111,773.08. Following the completion of the transaction, the executive vice president now directly owns 36,828 shares of the company's stock, valued at approximately $2,396,029.68. This represents a 4.46 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.82% of the stock is owned by company insiders.

Hasbro Company Profile

Hasbro, Inc, together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments.