Shelter Ins Retirement Plan Invests $1.01 Million in Hasbro, Inc. $HAS

Shelter Ins Retirement Plan acquired a new position in shares of Hasbro, Inc. (NASDAQ:HAS) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 12,200 shares of the company’s stock, valued at approximately $1,007,598. Hasbro accounts for about 0.0% of Shelter Ins Retirement Plan’s holdings, making the stock its 6th largest position.

Several other large investors also recently made changes to their positions in the stock. Virtus Advisers LLC acquired a new stake in shares of Hasbro in the second quarter valued at approximately $398,000. Silvant Capital Management LLC bought a new stake in shares of Hasbro in the 2nd quarter valued at $73,000. Vise Technologies Inc. purchased a new position in Hasbro in the second quarter worth $4,300,000. NewEdge Wealth LLC purchased a new position in Hasbro during the second quarter worth about $43,612,000. Finally, Great Lakes Advisors LLC purchased a new position in shares of Hasbro in the second quarter valued at about $12,243,000. Institutional investors own 91.83% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Gina M. Goetter sold 11,000 shares of Hasbro stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $95.44, for a total transaction of $1,049,840.00. Following the transaction, the chief financial officer owned 88,104 shares in the company, valued at approximately $8,408,645.76. The trade was a 11.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Elizabeth Hamren sold 1,975 shares of Hasbro 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 transaction, the director directly owned 9,896 shares of the company’s stock, valued at approximately $918,744.64. The trade was a 16.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 45,415 shares of company stock valued at $4,260,164 over the last three months. 0.71% of the stock is currently owned by company insiders.

Hasbro Stock Up 0.8%

Hasbro stock traded up $0.78 during mid-day trading on Friday, reaching $94.96. The stock had a trading volume of 259,249 shares, compared to its average volume of 1,960,405. The company has a market capitalization of $13.39 billion, a price-to-earnings ratio of 17.08, a PEG ratio of 1.76 and a beta of 0.47. The company has a debt-to-equity ratio of 4.16, a current ratio of 1.66 and a quick ratio of 1.46. The company has a 50-day moving average price of $88.01 and a two-hundred day moving average price of $91.24. Hasbro, Inc. has a one year low of $69.50 and a one year high of $106.98.

Hasbro (NASDAQ:HAS) last issued its earnings results on Tuesday, July 21st. The company reported $1.28 earnings per share 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 during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the prior year, the business earned $1.30 EPS. The business’s revenue for the quarter was up 16.2% compared to the same quarter last year. On average, analysts expect that Hasbro, Inc. will post 6.15 EPS for the current fiscal year.

Hasbro Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Wednesday, August 19th. Hasbro’s dividend payout ratio is 50.36%.

Analysts Set New Price Targets

HAS has been the topic of a number of research reports. Morgan Stanley boosted their target price on shares of Hasbro from $122.00 to $123.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. Roth Capital restated a “buy” rating on shares of Hasbro in a research note on Wednesday, July 22nd. Jefferies Financial Group decreased their price target 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. Bank of America reduced their price objective on shares of Hasbro from $115.00 to $105.00 and set a “buy” rating for the company in a report on Thursday, July 16th. Finally, Weiss Ratings raised Hasbro from a “sell (d+)” rating to a “hold (c+)” rating in a report on Friday, July 31st. Twelve equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $109.43.

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.