Northwestern Mutual Wealth Management Co. Invests $1.05 Million in Hasbro, Inc. $HAS

Key Points

• Northwestern Mutual Wealth Management purchased 12,698 Hasbro shares worth approximately $1.05 million during the second quarter. Institutional investors and hedge funds own 91.83% of Hasbro’s outstanding stock.
• Hasbro reported quarterly earnings of $1.28 per share, beating estimates of $1.16, while revenue rose 16.2% year over year to $1.14 billion. The company also declared a quarterly dividend of $0.70 per share, representing a 2.9% annualized yield.
• Hasbro shares recently traded at $96.74, up 1.4%, and analysts maintain a “Moderate Buy” consensus rating with an average price target of $109.43. However, company insiders sold 45,415 shares worth about $4.26 million over the past three months.

Northwestern Mutual Wealth Management Co. bought a new stake in Hasbro, Inc. (NASDAQ:HAS - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 12,698 shares of the company's stock, valued at approximately $1,049,000.

A number of other institutional investors and hedge funds have also made changes to their positions in HAS. Quantbot Technologies LP purchased a new position in Hasbro during the second quarter worth about $1,673,000. Emerald Investment Advisers LLC purchased a new stake in Hasbro in the 2nd quarter valued at approximately $1,238,000. Landscape Capital Management L.L.C. purchased a new stake in Hasbro in the 2nd quarter valued at approximately $1,745,000. EP Wealth Advisors LLC acquired a new position in Hasbro during the 2nd quarter worth approximately $222,000. Finally, Ieq Capital LLC acquired a new position in Hasbro during the 2nd quarter worth approximately $11,374,000. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Hasbro Trading Up 1.4%

Shares of Hasbro stock opened at $96.74 on Wednesday. The company has a 50-day moving average of $87.57 and a two-hundred day moving average of $91.23. Hasbro, Inc. has a 12-month low of $69.50 and a 12-month high of $106.98. The company has a current ratio of 1.66, a quick ratio of 1.46 and a debt-to-equity ratio of 4.16. The stock has a market cap of $13.64 billion, a PE ratio of 17.40, a price-to-earnings-growth ratio of 1.75 and a beta of 0.47.

Hasbro (NASDAQ:HAS - Get Free Report) last announced its quarterly 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. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.07 billion. Hasbro had a return on equity of 141.11% and a net margin of 15.97%.The company's quarterly revenue was up 16.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.30 EPS. On average, research analysts anticipate that Hasbro, Inc. will post 6.15 EPS for the current fiscal year.

Hasbro Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be issued 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 yield of 2.9%. Hasbro's payout ratio is currently 50.36%.

Insider Transactions at Hasbro

In other Hasbro news, insider John Hight sold 3,186 shares of the business's stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $93.71, for a total transaction of $298,560.06. Following the sale, the insider directly owned 67,557 shares in the company, valued at approximately $6,330,766.47. The trade was a 4.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Gina M. Goetter sold 8,265 shares of the company's stock in a transaction on Friday, July 31st. The shares were sold at an average price of $93.96, for a total value of $776,579.40. Following the completion of the sale, the chief financial officer directly owned 79,839 shares in the company, valued at $7,501,672.44. This trade represents a 9.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 45,415 shares of company stock valued at $4,260,164 in the last three months. 0.71% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on HAS shares. UBS Group reissued a "buy" rating and set a $120.00 target price on shares of Hasbro in a research note on Monday, July 27th. Zacks Research lowered Hasbro from a "strong-buy" rating to a "hold" rating in a report on Monday, July 13th. Argus upped their price objective on Hasbro from $90.00 to $105.00 and gave the stock a "buy" rating in a report on Thursday, July 23rd. Citigroup reiterated a "buy" rating on shares of Hasbro in a research report on Thursday, July 23rd. Finally, Bank of America reduced their target price on Hasbro from $115.00 to $105.00 and set a "buy" rating for the company in a report on Thursday, July 16th. Twelve investment 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.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $109.43.

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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