SG Americas Securities LLC Grows Position in Hasbro, Inc. $HAS

Key Points

• SG Americas Securities LLC increased its Hasbro stake by 1,608.5% in Q4 to 171,521 shares (about $14.07M), as institutional ownership in the company remains high at 91.83%.
• Hasbro beat quarterly estimates with $1.51 EPS versus $0.99 expected and $1.45B in revenue (up 31.3% year‑over‑year), and recently paid a $0.70 quarterly dividend (annualized $2.80, ~3.2% yield).
• Insiders sold 413,342 shares (~$42.24M) over the last three months, including CFO sales, while analysts have raised targets and the consensus rating is a Moderate Buy with a $113.07 price target.

SG Americas Securities LLC increased its position in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 1,608.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 171,521 shares of the company's stock after purchasing an additional 161,482 shares during the period. SG Americas Securities LLC owned 0.12% of Hasbro worth $14,065,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in HAS. Bank of America Corp DE lifted its position in Hasbro by 128.7% during the second quarter. Bank of America Corp DE now owns 2,981,423 shares of the company's stock valued at $220,089,000 after buying an additional 1,677,962 shares during the period. Norges Bank purchased a new stake in shares of Hasbro in the 2nd quarter worth about $123,710,000. AQR Capital Management LLC grew its position in shares of Hasbro by 95.7% in the 2nd quarter. AQR Capital Management LLC now owns 2,259,812 shares of the company's stock worth $164,831,000 after buying an additional 1,105,004 shares during the period. Mane Global Capital Management LP bought a new position in shares of Hasbro in the 2nd quarter worth about $77,471,000. Finally, Wedge Capital Management L L P NC bought a new position in shares of Hasbro in the 3rd quarter worth about $30,608,000. Institutional investors own 91.83% of the company's stock.

Hasbro Stock Performance

Shares of Hasbro stock opened at $88.59 on Friday. Hasbro, Inc. has a 1 year low of $49.00 and a 1 year high of $106.98. The firm's 50-day moving average is $95.03 and its 200 day moving average is $84.65. The stock has a market cap of $12.46 billion, a price-to-earnings ratio of -37.70 and a beta of 0.54. The company has a debt-to-equity ratio of 4.89, a current ratio of 1.38 and a quick ratio of 1.24.

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

Hasbro Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Wednesday, February 18th were issued 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 3.2%. Hasbro's dividend payout ratio is presently -119.15%.

Insider Activity

In related news, CFO Gina M. Goetter sold 12,429 shares of the business's stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $103.46, for a total value of $1,285,904.34. Following the completion of the transaction, the chief financial officer directly owned 68,221 shares in the company, valued at $7,058,144.66. The trade was a 15.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Timothy J. Kilpin sold 7,773 shares of the company's stock in a transaction that occurred 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 $3,762,384. This trade represents a 17.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 413,342 shares of company stock worth $42,241,679 over the last three months. 0.85% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Jefferies Financial Group boosted their price objective on shares of Hasbro from $95.00 to $112.00 and gave the stock a "buy" rating in a research note on Friday, February 6th. Morgan Stanley raised their target price on shares of Hasbro from $103.00 to $119.00 and gave the company an "overweight" rating in a research note on Wednesday, February 11th. DA Davidson lifted their target price on shares of Hasbro from $80.00 to $110.00 and gave the company a "neutral" rating in a report on Wednesday, February 11th. Wall Street Zen raised Hasbro from a "buy" rating to a "strong-buy" rating in a research report on Sunday, March 15th. Finally, Wells Fargo & Company assumed coverage on Hasbro in a research note on Wednesday, March 11th. They issued an "equal weight" rating and a $98.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price 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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