Sanctuary Advisors LLC Acquires New Shares in Hasbro, Inc. $HAS

Sanctuary Advisors LLC bought a new stake in Hasbro, Inc. (NASDAQ:HAS) during the second quarter, Holdings Channel reports. The institutional investor bought 24,201 shares of the company’s stock, valued at approximately $1,999,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of Nova Scotia acquired a new stake in shares of Hasbro during the 2nd quarter valued at about $10,505,000. Commerce Bank acquired a new position in Hasbro in the second quarter worth approximately $2,670,000. Northwestern Mutual Wealth Management Co. bought a new position in Hasbro during the second quarter valued at approximately $1,049,000. Quantbot Technologies LP acquired a new stake in Hasbro in the second quarter valued at approximately $1,673,000. Finally, Emerald Investment Advisers LLC acquired a new stake in Hasbro in the second quarter valued at approximately $1,238,000. 91.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on HAS shares. Bank of America dropped their price target on shares of Hasbro from $115.00 to $105.00 and set a “buy” rating on the stock in a research note on Thursday, July 16th. Citigroup reaffirmed a “buy” rating on shares of Hasbro in a research note on Thursday, July 23rd. JPMorgan Chase & Co. lowered their target price on shares of Hasbro from $125.00 to $111.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 22nd. Wall Street Zen lowered Hasbro from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Jefferies Financial Group reduced their price objective on shares of Hasbro from $120.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, July 16th. Twelve research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $109.43.

Hasbro Stock Down 0.5%

NASDAQ HAS opened at $96.29 on Thursday. Hasbro, Inc. has a twelve month low of $69.50 and a twelve month high of $106.98. The stock has a market cap of $13.58 billion, a PE ratio of 17.32, a PEG ratio of 1.77 and a beta of 0.47. The firm has a 50-day simple moving average of $87.83 and a 200 day simple moving average of $91.24. The company has a debt-to-equity ratio of 4.16, a quick ratio of 1.46 and a current ratio of 1.66.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Tuesday, July 21st. The company reported $1.28 EPS for the quarter, beating 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 firm had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the prior year, the firm posted $1.30 EPS. The company’s revenue for the quarter was up 16.2% on a year-over-year basis. On average, research analysts forecast that Hasbro, Inc. will post 6.15 EPS for the current year.

Hasbro Announces Dividend

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

Insider Transactions at Hasbro

In other Hasbro news, insider Timothy J. Kilpin sold 20,000 shares of Hasbro stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $93.12, for a total transaction of $1,862,400.00. Following the sale, the insider owned 54,229 shares in the company, valued at $5,049,804.48. The trade was a 26.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider John Hight sold 3,186 shares of the business’s stock in a transaction on Thursday, July 30th. The shares were 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 in the company, valued at $6,330,766.47. This trade represents a 4.50% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 45,415 shares of company stock valued at $4,260,164 in the last ninety days. 0.71% of the stock is owned by company insiders.

Key Hasbro News

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: New multiyear Upper Deck partnership: Hasbro and Upper Deck announced a global licensing agreement covering trading cards and tabletop games based on Transformers, G.I. Joe, Power Rangers, M.A.S.K., and Jem and the Holograms. The arrangement could generate incremental royalty and licensing revenue while extending Hasbro’s brands into the collectibles market. Upper Deck Debuts Transformers 40th Anniversary Card Set To Kick Off New Hasbro Partnership Upper Deck Announces New Licensing Agreement with Hasbro
• Positive Sentiment: Immediate product launch supports visibility: Upper Deck is debuting a Transformers 40th Anniversary trading-card set, alongside planned games and cards tied to the other Hasbro properties. The launch provides an early commercial platform for the partnership and may increase fan engagement and brand licensing exposure. Upper Deck and Hasbro Reveal New Games and Trading Cards
• Neutral Sentiment: Analyst sentiment remains constructive: Hasbro was reported to have an average analyst rating of “Moderate Buy,” which may provide some support for investor sentiment, but the report does not identify a new price-target revision or earnings estimate change. Hasbro Given Average Rating of Moderate Buy
• Neutral Sentiment: No reliable short-interest signal: The reported August short-interest data shows zero shares and a zero-day short ratio, with an invalid percentage change. This appears to be a data-quality issue rather than evidence of a meaningful shift in bearish positioning. Toy Stocks To Watch Now

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.