Sanctuary Advisors LLC acquired a new stake in shares of Hasbro, Inc. (NASDAQ:HAS – Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 24,201 shares of the company’s stock, valued at approximately $1,999,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CYBER HORNET ETFs LLC acquired a new position in shares of Hasbro during the 2nd quarter valued at $25,000. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Hasbro in the 4th quarter worth $27,000. MUFG Securities EMEA plc acquired a new stake in shares of Hasbro in the second quarter valued at $28,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Hasbro by 1,190.0% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 387 shares of the company’s stock valued at $32,000 after buying an additional 357 shares in the last quarter. Finally, Cedar Mountain Advisors LLC bought a new position in Hasbro during the first quarter valued at about $37,000. Institutional investors own 91.83% of the company’s stock.
Wall Street Analyst Weigh In
HAS has been the subject of a number of research analyst reports. Zacks Research downgraded shares of Hasbro from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. Bank of America lowered their price objective on shares of Hasbro from $115.00 to $105.00 and set a “buy” rating on the stock in a research note on Thursday, July 16th. Wall Street Zen lowered shares of Hasbro from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Citigroup restated a “buy” rating on shares of Hasbro in a report on Thursday, July 23rd. Finally, Roth Capital restated a “buy” rating on shares of Hasbro in a research report on Wednesday, July 22nd. Twelve research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $109.43.
Hasbro Price Performance
NASDAQ HAS opened at $96.29 on Thursday. The company has a current ratio of 1.66, a quick ratio of 1.46 and a debt-to-equity ratio of 4.16. Hasbro, Inc. has a 1 year low of $69.50 and a 1 year high of $106.98. The company has a market cap of $13.58 billion, a PE ratio of 17.32, a PEG ratio of 1.77 and a beta of 0.47. The stock’s 50-day moving average price is $87.83 and its two-hundred day moving average price is $91.24.
Hasbro (NASDAQ:HAS – Get Free Report) last announced its earnings results on Tuesday, July 21st. The company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.16 by $0.12. Hasbro had a net margin of 15.97% and a return on equity of 141.11%. The company had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period last year, the company posted $1.30 earnings per share. The business’s revenue for the quarter was up 16.2% on a year-over-year basis. On average, analysts predict that Hasbro, Inc. will post 6.15 EPS for the current year.
Hasbro Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 2.9%. The ex-dividend date is Wednesday, August 19th. Hasbro’s payout ratio is presently 50.36%.
Hasbro News Roundup
Here are the key news stories impacting Hasbro this week:
- Positive Sentiment: New multiyear Upper Deck partnership: Hasbro and Upper Deck announced a global licensing agreement covering trading cards and tabletop games based on Transformers, G.I. Joe, Power Rangers, M.A.S.K., and Jem and the Holograms. The arrangement could generate incremental royalty and licensing revenue while extending Hasbro’s brands into the collectibles market. Upper Deck Debuts Transformers 40th Anniversary Card Set To Kick Off New Hasbro Partnership Upper Deck Announces New Licensing Agreement with Hasbro
- Positive Sentiment: Immediate product launch supports visibility: Upper Deck is debuting a Transformers 40th Anniversary trading-card set, alongside planned games and cards tied to the other Hasbro properties. The launch provides an early commercial platform for the partnership and may increase fan engagement and brand licensing exposure. Upper Deck and Hasbro Reveal New Games and Trading Cards
- Neutral Sentiment: Analyst sentiment remains constructive: Hasbro was reported to have an average analyst rating of “Moderate Buy,” which may provide some support for investor sentiment, but the report does not identify a new price-target revision or earnings estimate change. Hasbro Given Average Rating of Moderate Buy
- Neutral Sentiment: No reliable short-interest signal: The reported August short-interest data shows zero shares and a zero-day short ratio, with an invalid percentage change. This appears to be a data-quality issue rather than evidence of a meaningful shift in bearish positioning. Toy Stocks To Watch Now
Insider Activity
In other Hasbro news, insider Timothy J. Kilpin sold 20,000 shares of the business’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $93.12, for a total transaction of $1,862,400.00. Following the sale, the insider directly owned 54,229 shares of the company’s stock, valued at $5,049,804.48. The trade was a 26.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Elizabeth Hamren sold 1,975 shares of the stock in a transaction on Friday, August 7th. The shares were sold at an average price of $92.84, for a total value of $183,359.00. Following the completion of the sale, the director owned 9,896 shares of the company’s stock, valued at $918,744.64. The trade was a 16.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 45,415 shares of company stock valued at $4,260,164. 0.71% of the stock is currently owned by company insiders.
Hasbro Profile
Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.
The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.
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