SteelPeak Wealth LLC Purchases New Shares in Hasbro, Inc. $HAS

Key Points

• SteelPeak Wealth LLC acquired 38,226 shares of Hasbro, Inc. valued at approximately $2.82 million during the 2nd quarter of the year.
• Recent insider sales included 1,002 shares by Roberta K. Thomson and 8,557 shares by Timothy J. Kilpin, both indicating a decrease in their ownership percentages.
• Analysts have mixed ratings for Hasbro, with a consensus rating of "Moderate Buy" and an average price target of $87.64.

SteelPeak Wealth LLC acquired a new position in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 38,226 shares of the company's stock, valued at approximately $2,822,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of HAS. Brighton Jones LLC bought a new position in Hasbro during the fourth quarter worth about $317,000. Merit Financial Group LLC acquired a new position in shares of Hasbro during the 1st quarter worth approximately $306,000. Park Avenue Securities LLC increased its holdings in shares of Hasbro by 8.8% during the first quarter. Park Avenue Securities LLC now owns 7,802 shares of the company's stock worth $480,000 after purchasing an additional 630 shares during the period. Farther Finance Advisors LLC raised its position in shares of Hasbro by 16.2% in the first quarter. Farther Finance Advisors LLC now owns 1,471 shares of the company's stock valued at $91,000 after buying an additional 205 shares in the last quarter. Finally, Pallas Capital Advisors LLC boosted its stake in shares of Hasbro by 49.4% in the first quarter. Pallas Capital Advisors LLC now owns 5,997 shares of the company's stock valued at $369,000 after buying an additional 1,984 shares during the period. Institutional investors and hedge funds own 91.83% of the company's stock.

Insiders Place Their Bets

In other news, insider Roberta K. Thomson sold 1,002 shares of the company's stock in a transaction 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 completion of the transaction, the insider directly owned 51,301 shares in the company, valued at approximately $4,094,332.81. This represents a 1.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Timothy J. Kilpin sold 8,557 shares of the stock in a transaction 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 owned 44,301 shares of the company's stock, valued at $3,607,873.44. The trade was a 16.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 37,359 shares of company stock valued at $2,970,828. 0.85% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on HAS shares. Weiss Ratings restated a "sell (d-)" rating on shares of Hasbro in a research note on Saturday, September 27th. UBS Group raised their price target on Hasbro from $82.00 to $88.00 and gave the stock a "buy" rating in a research report on Wednesday, August 13th. JPMorgan Chase & Co. upped their price objective on shares of Hasbro from $75.00 to $94.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. DA Davidson raised their target price on shares of Hasbro from $75.00 to $80.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Finally, Roth Capital upped their price target on shares of Hasbro from $86.00 to $92.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Ten equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Hasbro currently has a consensus rating of "Moderate Buy" and a consensus price target of $87.64.

Hasbro Stock Performance

Hasbro stock opened at $74.78 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 stock has a market cap of $10.49 billion, a PE ratio of -18.42, a P/E/G ratio of 0.98 and a beta of 0.60. Hasbro, Inc. has a 12-month low of $49.00 and a 12-month high of $82.19. The business's 50-day moving average price is $77.83 and its two-hundred day moving average price is $69.88.

Hasbro (NASDAQ:HAS - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The company reported $1.30 EPS for the quarter, topping analysts' consensus estimates of $0.78 by $0.52. The firm 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%. The business's revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.22 earnings per share. As a group, analysts expect that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Announces Dividend

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

Hasbro Company Profile

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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