LifePlan Financial LLC Has $954,000 Stock Holdings in Hasbro, Inc. $HAS

Key Points

• LifePlan Financial LLC has increased its stake in Hasbro, Inc. by 110.2% during the second quarter, now holding shares valued at $954,000.
• Analysts have raised their price targets on Hasbro, with several firms setting targets between $85.00 and $92.00 and maintaining a "buy" rating.
• Hasbro recently announced a quarterly dividend of $0.70 per share, reflecting a 3.7% dividend yield for shareholders.

LifePlan Financial LLC grew its holdings in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 110.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 12,918 shares of the company's stock after purchasing an additional 6,772 shares during the period. LifePlan Financial LLC's holdings in Hasbro were worth $954,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Sentry Investment Management LLC bought a new stake in shares of Hasbro in the 1st quarter valued at about $28,000. SBI Securities Co. Ltd. increased its holdings in Hasbro by 130.0% in the 1st quarter. SBI Securities Co. Ltd. now owns 476 shares of the company's stock worth $29,000 after acquiring an additional 269 shares during the last quarter. Allworth Financial LP boosted its position in shares of Hasbro by 93.2% in the first quarter. Allworth Financial LP now owns 931 shares of the company's stock valued at $56,000 after acquiring an additional 449 shares during the period. Atlantic Edge Private Wealth Management LLC boosted its stake in Hasbro by 21.6% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 1,046 shares of the company's stock valued at $64,000 after buying an additional 186 shares during the period. Finally, Blue Trust Inc. lifted its stake in Hasbro by 299.0% during the first quarter. Blue Trust Inc. now owns 1,141 shares of the company's stock worth $70,000 after purchasing an additional 855 shares during the last quarter. Institutional investors own 91.83% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Roth Capital increased their target price on Hasbro from $86.00 to $92.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Monness Crespi & Hardt lifted their target price on Hasbro from $80.00 to $90.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Morgan Stanley lifted their target price on Hasbro from $83.00 to $85.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. The Goldman Sachs Group upgraded Hasbro from a "neutral" rating to a "buy" rating and boosted their target price for the company from $66.00 to $85.00 in a research report on Monday, June 30th. Finally, Citigroup boosted their price target on Hasbro from $79.00 to $91.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Eleven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Hasbro currently has an average rating of "Moderate Buy" and an average target price of $86.42.

Insider Activity at Hasbro

In other news, insider Timothy J. Kilpin sold 8,557 shares of the business's stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $81.44, for a total value of $696,882.08. Following the completion of the transaction, the insider directly owned 44,301 shares in the company, valued at approximately $3,607,873.44. The trade was a 16.19% 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 Roberta K. Thomson sold 1,002 shares of Hasbro stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $79.81, for a total transaction of $79,969.62. Following the sale, the insider directly owned 51,301 shares in the company, valued at $4,094,332.81. This trade represents a 1.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 37,359 shares of company stock worth $2,970,828. Corporate insiders own 0.85% of the company's stock.

Hasbro Trading Down 3.0%

Shares of Hasbro stock opened at $76.00 on Tuesday. The company has a quick ratio of 1.32, a current ratio of 1.66 and a debt-to-equity ratio of 12.31. The company has a 50-day simple moving average of $78.22 and a 200 day simple moving average of $68.48. Hasbro, Inc. has a 12-month low of $49.00 and a 12-month high of $82.19. The stock has a market capitalization of $10.66 billion, a P/E ratio of -18.72, a price-to-earnings-growth ratio of 1.01 and a beta of 0.59.

Hasbro (NASDAQ:HAS - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The company reported $1.30 EPS for the quarter, topping the consensus estimate of $0.78 by $0.52. The company had revenue of $980.80 million during the quarter, compared to analysts' expectations of $891.82 million. Hasbro had a negative net margin of 13.37% and a positive return on equity of 64.49%. Hasbro's revenue was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.22 EPS. Research analysts expect that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Wednesday, August 20th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Wednesday, August 20th. Hasbro's payout ratio is currently -68.97%.

About Hasbro

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.

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