798,597 Shares in Hasbro, Inc. $HAS Bought by Hsbc Holdings PLC

Key Points

• HSBC Holdings acquired 798,597 Hasbro shares worth approximately $66.1 million, representing about 0.57% of the company. Institutional investors collectively own 91.83% of Hasbro.
• Hasbro exceeded quarterly expectations with adjusted earnings of $1.28 per share versus the $1.16 consensus estimate, while revenue rose 16.2% year over year to $1.14 billion.
• Hasbro declared a quarterly dividend of $0.70 per share, equal to an annualized $2.80 payout and a 2.9% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $109.43, although company insiders sold shares recently.

Hsbc Holdings PLC acquired a new position in Hasbro, Inc. (NASDAQ:HAS - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 798,597 shares of the company's stock, valued at approximately $66,071,000. Hsbc Holdings PLC owned approximately 0.57% of Hasbro at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Huntington National Bank boosted its holdings in shares of Hasbro by 10.2% during the 4th quarter. Huntington National Bank now owns 1,233 shares of the company's stock valued at $101,000 after buying an additional 114 shares in the last quarter. Marathon Mission Inc. increased its stake in shares of Hasbro by 1.4% in the 2nd quarter. Marathon Mission Inc. now owns 9,152 shares of the company's stock worth $756,000 after acquiring an additional 128 shares in the last quarter. Severin Investments LLC increased its stake in shares of Hasbro by 3.1% in the 1st quarter. Severin Investments LLC now owns 4,595 shares of the company's stock worth $430,000 after acquiring an additional 137 shares in the last quarter. Root Financial Partners LLC lifted its position in Hasbro by 21.3% during the 1st quarter. Root Financial Partners LLC now owns 780 shares of the company's stock valued at $73,000 after acquiring an additional 137 shares during the period. Finally, United Capital Financial Advisors LLC boosted its stake in Hasbro by 2.2% during the third quarter. United Capital Financial Advisors LLC now owns 6,500 shares of the company's stock worth $493,000 after acquiring an additional 139 shares in the last quarter. Hedge funds and other institutional investors own 91.83% of the company's stock.

Hasbro Stock Performance

Shares of HAS stock opened at $96.29 on Thursday. The company has a market capitalization of $13.58 billion, a price-to-earnings ratio of 17.32, a price-to-earnings-growth ratio of 1.77 and a beta of 0.47. The company has a debt-to-equity ratio of 4.16, a quick ratio of 1.46 and a current ratio of 1.66. Hasbro, Inc. has a one year low of $69.50 and a one year high of $106.98. The company's 50-day moving average is $87.83 and its 200 day moving average is $91.24.

Hasbro (NASDAQ:HAS - Get Free Report) last issued its earnings results on Tuesday, July 21st. The company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.12. The business had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.07 billion. Hasbro had a net margin of 15.97% and a return on equity of 141.11%. The business's revenue for the quarter was up 16.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.30 earnings per share. Sell-side analysts expect that Hasbro, Inc. will post 6.15 EPS for the current fiscal year.

Hasbro Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $2.80 annualized dividend and a dividend yield of 2.9%. Hasbro's dividend payout ratio (DPR) is 50.36%.

Key Headlines Impacting Hasbro

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, CFO Gina M. Goetter sold 8,265 shares of the business's stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $93.96, for a total value of $776,579.40. Following the completion of the transaction, the chief financial officer owned 79,839 shares of the company's stock, valued at approximately $7,501,672.44. The trade was a 9.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Timothy J. Kilpin sold 20,000 shares of the business's stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $93.12, for a total value of $1,862,400.00. Following the completion of the transaction, the insider directly owned 54,229 shares of the company's stock, valued at approximately $5,049,804.48. This trade represents a 26.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 45,415 shares of company stock worth $4,260,164 over the last three months. 0.71% of the stock is currently owned by insiders.

Analyst Ratings Changes

HAS has been the topic of a number of recent research reports. Bank of America cut their price objective on shares of Hasbro from $115.00 to $105.00 and set a "buy" rating on the stock in a report on Thursday, July 16th. Zacks Research lowered shares of Hasbro from a "strong-buy" rating to a "hold" rating in a report on Monday, July 13th. Weiss Ratings raised Hasbro from a "sell (d+)" rating to a "hold (c+)" rating in a research report on Friday, July 31st. Wells Fargo & Company upped their price target on Hasbro from $85.00 to $90.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 20th. Finally, UBS Group reaffirmed a "buy" rating and set a $120.00 price objective on shares of Hasbro in a research report on Monday, July 27th. Twelve equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $109.43.

About Hasbro

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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