Robeco Institutional Asset Management B.V. Grows Stock Position in Hasbro, Inc. $HAS

Key Points

• Robeco Institutional Asset Management raised its stake in Hasbro by 38.9% in Q4 to 677,000 shares (≈0.48% of the company), and hedge funds/institutions now own about 91.8% of the stock.
• Hasbro beat expectations with Q4 EPS of $1.51 (vs. $0.99 est.) and revenue up 31.3% year-over-year, and analysts have raised targets (average target ≈ $112.86) supporting a "Moderate Buy" consensus.
• Hasbro pays a $0.70 quarterly dividend (annualized $2.80, ~3.0% yield), even as insiders sold 413,342 shares (~$42.2M) over the last three months, leaving insiders with about 0.85% ownership.

Robeco Institutional Asset Management B.V. lifted its stake in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 38.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 677,000 shares of the company's stock after purchasing an additional 189,426 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.48% of Hasbro worth $55,514,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CYBER HORNET ETFs LLC purchased a new position in Hasbro in the second quarter valued at $25,000. First Horizon Corp purchased a new position in Hasbro in the third quarter valued at $29,000. MUFG Securities EMEA plc purchased a new position in Hasbro in the second quarter valued at $28,000. Foster Dykema Cabot & Partners LLC purchased a new position in Hasbro in the third quarter valued at $34,000. Finally, Wexford Capital LP purchased a new position in Hasbro in the third quarter valued at $37,000. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Hasbro Stock Up 0.8%

Shares of NASDAQ HAS opened at $92.49 on Tuesday. The company has a market capitalization of $13.01 billion, a price-to-earnings ratio of -39.36 and a beta of 0.55. The company has a debt-to-equity ratio of 4.89, a current ratio of 1.38 and a quick ratio of 1.24. The business has a 50-day moving average of $95.52 and a two-hundred day moving average of $85.91. Hasbro, Inc. has a 1 year low of $50.55 and a 1 year high of $106.98.

Hasbro (NASDAQ:HAS - Get Free Report) last announced its quarterly earnings results on Tuesday, February 10th. The company reported $1.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.99 by $0.52. The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.26 billion. Hasbro had a positive return on equity of 127.21% and a negative net margin of 6.86%.Hasbro's revenue for the quarter was up 31.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.46 EPS. On average, analysts forecast that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Wednesday, February 18th were given a dividend of $0.70 per share. The ex-dividend date was Wednesday, February 18th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.0%. Hasbro's payout ratio is -119.15%.

Insider Transactions at Hasbro

In other news, EVP Tarrant L. Sibley sold 15,148 shares of Hasbro stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $104.98, for a total transaction of $1,590,237.04. Following the sale, the executive vice president owned 50,174 shares in the company, valued at approximately $5,267,266.52. The trade was a 23.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Gina M. Goetter sold 12,429 shares of Hasbro stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $103.46, for a total value of $1,285,904.34. Following the sale, the chief financial officer owned 68,221 shares in the company, valued at $7,058,144.66. This trade represents a 15.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 413,342 shares of company stock worth $42,241,679 over the last three months. 0.85% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. UBS Group lifted their target price on Hasbro from $99.00 to $110.00 and gave the company a "buy" rating in a report on Thursday, March 5th. Morgan Stanley lifted their target price on Hasbro from $103.00 to $119.00 and gave the company an "overweight" rating in a report on Wednesday, February 11th. JPMorgan Chase & Co. lifted their target price on Hasbro from $94.00 to $115.00 and gave the company an "overweight" rating in a report on Wednesday, February 11th. Monness Crespi & Hardt lifted their price target on Hasbro from $90.00 to $120.00 and gave the stock a "buy" rating in a report on Wednesday, February 11th. Finally, Wells Fargo & Company began coverage on Hasbro in a report on Wednesday, March 11th. They set an "equal weight" rating and a $98.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $112.86.

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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