Shelter Mutual Insurance Co Buys New Stake in Hasbro, Inc. $HAS

Shelter Mutual Insurance Co acquired a new stake in shares of Hasbro, Inc. (NASDAQ:HAS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 23,700 shares of the company’s stock, valued at approximately $1,957,000.

A number of other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC purchased a new position in Hasbro during the 4th quarter valued at approximately $317,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Hasbro by 11.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,563 shares of the company’s stock worth $1,018,000 after acquiring an additional 1,753 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Hasbro by 95.8% during the 1st quarter. Empowered Funds LLC now owns 13,187 shares of the company’s stock valued at $811,000 after acquiring an additional 6,451 shares during the last quarter. Woodline Partners LP boosted its position in shares of Hasbro by 40.7% during the 1st quarter. Woodline Partners LP now owns 11,078 shares of the company’s stock valued at $681,000 after acquiring an additional 3,203 shares during the last quarter. Finally, Focus Partners Wealth purchased a new position in shares of Hasbro in the first quarter valued at $292,000. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Analyst Ratings Changes

HAS has been the topic of a number of recent research reports. Roth Capital reaffirmed a “buy” rating on shares of Hasbro in a research note on Wednesday, July 22nd. UBS Group restated a “buy” rating and issued a $120.00 target price on shares of Hasbro in a report on Monday, July 27th. Wall Street Zen cut shares of Hasbro from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. DA Davidson dropped their price target on Hasbro from $100.00 to $95.00 and set a “neutral” rating for the company in a research report on Wednesday, July 22nd. Finally, Wells Fargo & Company boosted their price objective on Hasbro from $85.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Thursday. Twelve investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $109.43.

Insiders Place Their Bets

In related news, insider John Hight sold 3,186 shares of the firm’s stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $93.71, for a total transaction of $298,560.06. Following the completion of the sale, the insider directly owned 67,557 shares of the company’s stock, valued at approximately $6,330,766.47. This trade represents a 4.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Timothy J. Kilpin sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $93.12, for a total value of $1,862,400.00. Following the sale, the insider directly owned 54,229 shares of the company’s stock, valued at $5,049,804.48. This represents a 26.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 45,415 shares of company stock worth $4,260,164 over the last three months. 0.71% of the stock is currently owned by corporate insiders.

Hasbro Trading Down 0.0%

HAS stock opened at $93.54 on Friday. Hasbro, Inc. has a twelve month low of $69.50 and a twelve month high of $106.98. The stock has a market capitalization of $13.19 billion, a price-to-earnings ratio of 16.82, a price-to-earnings-growth ratio of 1.71 and a beta of 0.47. The company has a quick ratio of 1.46, a current ratio of 1.66 and a debt-to-equity ratio of 4.16. The firm’s fifty day simple moving average is $87.12 and its two-hundred day simple moving average is $91.24.

Hasbro (NASDAQ:HAS) 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 net margin of 15.97% and a return on equity of 141.11%. The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the business earned $1.30 EPS. The business’s revenue was up 16.2% on a year-over-year basis. As a group, analysts anticipate that Hasbro, Inc. will post 6.15 earnings per share for the current year.

Hasbro Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $2.80 annualized dividend and a yield of 3.0%. Hasbro’s dividend payout ratio (DPR) is presently 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.