Danske Bank A S Cuts Stock Position in Hasbro, Inc. $HAS

Key Points

• Danske Bank A S cut its Hasbro stake by 94.0% in Q4, selling 15,748 shares and retaining just 1,000 shares worth about $82,000, according to its SEC filing.
• Insider selling has been significant: CEO Christian P. Cocks sold 196,411 shares (~$19.7M) and insiders disposed of 413,342 shares totaling roughly $42.24M in the last 90 days, leaving insiders with 0.71% ownership.
• Despite the sell-offs, Hasbro posted strong results (Q EPS $1.51 vs. $0.99 expected; revenue up 31.3% to $1.45B), is receiving analyst upgrades, and is expanding its entertainment and premium-collectible efforts that could boost media/licensing revenue.

Danske Bank A S trimmed its position in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 94.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,000 shares of the company's stock after selling 15,748 shares during the quarter. Danske Bank A S's holdings in Hasbro were worth $82,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in HAS. Brighton Jones LLC purchased a new stake in shares of Hasbro during the fourth quarter worth approximately $317,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Hasbro by 11.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,563 shares of the company's stock worth $1,018,000 after purchasing an additional 1,753 shares in the last quarter. Empowered Funds LLC increased its position in shares of Hasbro by 95.8% during the first quarter. Empowered Funds LLC now owns 13,187 shares of the company's stock worth $811,000 after purchasing an additional 6,451 shares in the last quarter. Woodline Partners LP increased its position in shares of Hasbro by 40.7% during the first quarter. Woodline Partners LP now owns 11,078 shares of the company's stock worth $681,000 after purchasing an additional 3,203 shares in the last quarter. Finally, Focus Partners Wealth purchased a new stake in shares of Hasbro during the first quarter worth approximately $292,000. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Key Hasbro News

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: Recent trading strength was tied to upbeat company fundamentals and analyst attention after Hasbro’s strong quarter (revenue and EPS beats earlier this year), which helped lift the shares. This Zacks note summarizes why HAS outpaced the market. Why Hasbro (HAS) Outpaced the Stock Market Today
• Positive Sentiment: Hasbro is expanding its entertainment footprint — leasing ~31,000 sq ft at The Lot in West Hollywood and relocating its entertainment team there. That move signals a bigger push into content production and closer access to Hollywood talent/licensing opportunities, which can increase recurring media/licensing revenue over time. Hasbro Leases 31K Sq Ft At The Lot in West Hollywood
• Positive Sentiment: New product/collector push: Hasbro announced a high-end $599 animatronic "Baby Yoda" collectible — a premium, licensed product that targets collectors and can deliver strong margins and PR buzz around the Star Wars franchise. Hasbro Is Releasing a $599 Baby Yoda Animatronic
• Positive Sentiment: Coverage/analyst chatter: A Zacks piece reviews bullish Wall Street views on Hasbro, which can support buying interest when analysts raise ratings or price targets. Positive analyst sentiment often amplifies short-term upside. Should You Invest in Hasbro (HAS) Based on Bullish Wall Street Views?
• Neutral Sentiment: Sector note: Zacks included Hasbro in a consumer-discretionary earnings-watch piece — a reminder investors are watching upcoming earnings trends and sell-through data, but the item is more educational than company-specific. These 2 Consumer Discretionary Stocks Could Beat Earnings
• Negative Sentiment: Labor friction risk: Wizards of the Coast and Hasbro missed a deadline to voluntarily recognize a workers’ union, increasing the risk of protracted labor disputes, negative PR, and potential operational disruption at a key subsidiary. That is a clear near-term headline risk for the stock. Wizards of the Coast and Hasbro miss deadline to voluntarily recognise workers' union

Insiders Place Their Bets

In other news, CEO Christian P. Cocks sold 196,411 shares of the company's stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $100.33, for a total value of $19,705,915.63. Following the transaction, the chief executive officer owned 303,310 shares of the company's stock, valued at $30,431,092.30. This represents a 39.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Timothy J. Kilpin sold 7,773 shares of the company's stock in a transaction on Friday, February 13th. The shares were sold at an average price of $103.00, for a total value of $800,619.00. Following the completion of the transaction, the insider directly owned 36,528 shares in the company, valued at approximately $3,762,384. This trade represents a 17.55% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 413,342 shares of company stock worth $42,241,679. Company insiders own 0.71% of the company's stock.

Hasbro Stock Down 0.1%

Shares of NASDAQ:HAS opened at $97.39 on Friday. The company has a quick ratio of 1.24, a current ratio of 1.38 and a debt-to-equity ratio of 4.89. The business has a fifty day moving average of $93.88 and a two-hundred day moving average of $88.17. The stock has a market cap of $13.79 billion, a P/E ratio of -41.44, a PEG ratio of 2.88 and a beta of 0.52. Hasbro, Inc. has a 52-week low of $61.19 and a 52-week high of $106.98.

Hasbro (NASDAQ:HAS - Get Free Report) last issued its earnings results on Tuesday, February 10th. The company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.52. Hasbro had a positive return on equity of 127.21% and a negative net margin of 6.86%.The company had revenue of $1.45 billion during the quarter, compared to analysts' expectations of $1.26 billion. During the same period in the prior year, the business earned $0.46 EPS. The firm's quarterly revenue was up 31.3% on a year-over-year basis. On average, research analysts expect that Hasbro, Inc. will post 5.74 earnings per share for the current year.

Analyst Upgrades and Downgrades

HAS has been the subject of several research reports. Jefferies Financial Group boosted their price target on Hasbro from $95.00 to $112.00 and gave the stock a "buy" rating in a research report on Friday, February 6th. Morgan Stanley boosted their price target on Hasbro from $119.00 to $122.00 and gave the stock an "overweight" rating in a research report on Thursday, April 23rd. BNP Paribas Exane dropped their target price on Hasbro from $118.00 to $115.00 and set an "outperform" rating for the company in a report on Wednesday, April 1st. JPMorgan Chase & Co. upped their target price on Hasbro from $115.00 to $125.00 and gave the company an "overweight" rating in a report on Thursday, April 23rd. Finally, Wells Fargo & Company started coverage on Hasbro in a report on Wednesday, March 11th. They issued an "equal weight" rating and a $98.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Hasbro has an average rating of "Moderate Buy" and an average price target of $113.07.

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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