State of New Jersey Common Pension Fund D Decreases Holdings in Hasbro, Inc. (NASDAQ:HAS)

State of New Jersey Common Pension Fund D trimmed its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 6.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 45,413 shares of the company’s stock after selling 3,033 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Hasbro were worth $2,539,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. lifted its holdings 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 buying an additional 2,779,877 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Hasbro by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,184,036 shares of the company’s stock worth $85,629,000 after buying an additional 8,270 shares in the last quarter. Mizuho Securities USA LLC lifted its holdings 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 buying an additional 989,906 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Hasbro by 13.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 804,888 shares of the company’s stock worth $58,210,000 after buying an additional 97,039 shares in the last quarter. Finally, Point72 Asset Management L.P. lifted its holdings in Hasbro by 9.5% in the 3rd quarter. Point72 Asset Management L.P. now owns 774,804 shares of the company’s stock worth $56,034,000 after buying an additional 66,995 shares in the last quarter. 91.83% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Hasbro

In other Hasbro news, EVP Matthew Edward Austin sold 1,718 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $65.06, for a total value of $111,773.08. Following the completion of the transaction, the executive vice president now owns 36,828 shares in the company, valued at approximately $2,396,029.68. This represents a 4.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.82% of the company’s stock.

Hasbro Price Performance

Shares of NASDAQ:HAS opened at $69.16 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 2.64. Hasbro, Inc. has a fifty-two week low of $48.63 and a fifty-two week high of $73.46. The firm has a 50-day simple moving average of $58.21 and a 200 day simple moving average of $64.13. The company has a market cap of $9.65 billion, a PE ratio of -14.91, a P/E/G ratio of 0.53 and a beta of 0.64.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.10. Hasbro had a negative net margin of 14.83% and a positive return on equity of 47.91%. On average, sell-side analysts anticipate that Hasbro, Inc. will post 3.86 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on HAS shares. Morgan Stanley boosted their price objective on shares of Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. DA Davidson upped their target price on shares of Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Finally, Stifel Nicolaus cut their target price on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a research note on Friday, January 3rd. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $80.11.

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.