Shelter Ins Retirement Plan Acquires New Holdings in Hasbro, Inc. $HAS

Key Points

• Shelter Ins Retirement Plan acquired 12,200 Hasbro shares during the second quarter, making Hasbro approximately 1% of its portfolio; institutional investors collectively own 91.83% of the stock.
• Hasbro exceeded quarterly expectations, reporting EPS of $1.28 versus the $1.16 consensus and revenue of $1.14 billion, up 16.2% year over year.
• Analysts maintain a favorable outlook, with a consensus “Moderate Buy” rating and average price target of $109.43 versus the reported $93.56 share price; Hasbro also declared a quarterly dividend of $0.70 per share.

Shelter Ins Retirement Plan purchased a new position in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 12,200 shares of the company's stock, valued at approximately $1,007,598,000. Hasbro makes up about 1.0% of Shelter Ins Retirement Plan's investment portfolio, making the stock its 6th biggest holding.

Other large investors have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Hasbro during the second quarter worth about $2,204,689,000. Vanguard Group Inc. grew its position in shares of Hasbro by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 16,976,679 shares of the company's stock valued at $1,392,088,000 after purchasing an additional 453,038 shares during the period. State Street Corp increased its stake in Hasbro by 2.1% during the 2nd quarter. State Street Corp now owns 6,508,052 shares of the company's stock worth $480,424,000 after purchasing an additional 131,678 shares in the last quarter. AQR Capital Management LLC increased its stake in Hasbro by 47.3% during the 4th quarter. AQR Capital Management LLC now owns 4,357,147 shares of the company's stock worth $357,286,000 after purchasing an additional 1,399,499 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Hasbro by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 3,661,020 shares of the company's stock worth $299,700,000 after buying an additional 122,592 shares during the period. Institutional investors own 91.83% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Zacks Research lowered shares of Hasbro from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 13th. UBS Group reissued a "buy" rating and set a $120.00 price objective on shares of Hasbro in a research report on Monday, July 27th. Jefferies Financial Group dropped their price objective on shares of Hasbro from $120.00 to $110.00 and set a "buy" rating on the stock in a report on Thursday, July 16th. Wall Street Zen cut shares of Hasbro from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. Finally, Argus upped their target price on shares of Hasbro from $90.00 to $105.00 and gave the stock a "buy" rating in a research note on Thursday, July 23rd. Twelve equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $109.43.

More Hasbro News

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: Hasbro’s Magic: The Gathering business is showing strong momentum, with Marvel-related releases supporting record growth. The upcoming Hobbit-themed products could provide another catalyst for Wizards of the Coast and help extend growth. Hasbro Magic Business Is Booming: Can Marvel and Hobbit Extend Growth?
• Positive Sentiment: Analysts remain broadly optimistic about Hasbro’s growth prospects, and the company’s shares have outpaced the broader market this year. This supports the favorable investor sentiment surrounding the stock. Hasbro Stock: Analyst Estimates & Ratings
• Positive Sentiment: Hasbro’s latest results exceeded expectations, with quarterly earnings and revenue beating consensus estimates and revenue increasing 16.2% year over year. The earnings beat remains a key reason the stock has increased since the report. Why Is Hasbro Up Since Last Earnings Report?
• Positive Sentiment: Hasbro is expanding its X-Men ’97 Marvel Legends collection with a new Beast figure. The release adds support to Hasbro’s licensed-product pipeline, though its direct financial impact is likely limited. Beast Joins Hasbro’s X-Men ’97 Marvel Legends Series Collection

Insider Buying and Selling

In related news, Director Elizabeth Hamren sold 1,975 shares of the firm's stock in a transaction on Friday, August 7th. The shares were sold at an average price of $92.84, for a total value of $183,359.00. Following the completion of the transaction, the director directly owned 9,896 shares of the company's stock, valued at approximately $918,744.64. This trade represents a 16.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Timothy J. Kilpin sold 20,000 shares of the business's stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $93.12, for a total transaction of $1,862,400.00. Following the transaction, the insider owned 54,229 shares in the company, valued at approximately $5,049,804.48. The trade was a 26.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 45,415 shares of company stock worth $4,260,164. 0.71% of the stock is currently owned by company insiders.

Hasbro Price Performance

Shares of NASDAQ HAS opened at $93.56 on Friday. The stock has a market capitalization of $13.20 billion, a price-to-earnings ratio of 16.83, a PEG ratio of 1.71 and a beta of 0.47. The business has a 50-day moving average of $86.93 and a 200-day moving average of $91.23. The company has a debt-to-equity ratio of 4.16, a current ratio of 1.66 and a quick ratio of 1.46. Hasbro, Inc. has a fifty-two week low of $69.50 and a fifty-two week high of $106.98.

Hasbro (NASDAQ:HAS - Get Free Report) last released its earnings results on Tuesday, July 21st. The company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.12. Hasbro had a return on equity of 141.11% and a net margin of 15.97%.The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the prior year, the company posted $1.30 earnings per share. Hasbro's revenue was up 16.2% on a year-over-year basis. As a group, sell-side analysts predict that Hasbro, Inc. will post 6.15 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be given 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 dividend yield of 3.0%. Hasbro's payout ratio is 50.36%.

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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