9,534 Shares in Hasbro, Inc. $HAS Acquired by Kentucky Retirement Systems

Kentucky Retirement Systems bought a new stake in Hasbro, Inc. (NASDAQ:HAS) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 9,534 shares of the company’s stock, valued at approximately $892,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Huntington National Bank boosted its position in Hasbro by 10.2% during the 4th quarter. Huntington National Bank now owns 1,233 shares of the company’s stock worth $101,000 after acquiring an additional 114 shares during the period. Personal CFO Solutions LLC increased its holdings in shares of Hasbro by 3.9% during the fourth quarter. Personal CFO Solutions LLC now owns 3,666 shares of the company’s stock valued at $301,000 after purchasing an additional 137 shares during the period. Signaturefd LLC increased its holdings in shares of Hasbro by 6.4% during the fourth quarter. Signaturefd LLC now owns 2,268 shares of the company’s stock valued at $186,000 after purchasing an additional 137 shares during the period. Severin Investments LLC raised its stake in shares of Hasbro by 3.1% during the first quarter. Severin Investments LLC now owns 4,595 shares of the company’s stock valued at $430,000 after purchasing an additional 137 shares in the last quarter. Finally, Root Financial Partners LLC raised its stake in shares of Hasbro by 21.3% during the first quarter. Root Financial Partners LLC now owns 780 shares of the company’s stock valued at $73,000 after purchasing an additional 137 shares in the last quarter. Institutional investors own 91.83% of the company’s stock.

Hasbro News Summary

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: Brokerages maintain a consensus “Moderate Buy” rating, with an average price target of $109.07 versus recent trading levels. Twelve analysts rate Hasbro a Buy, compared with three Holds and one Sell. Hasbro receives Moderate Buy consensus
• Positive Sentiment: Wizards of the Coast unveiled new Dungeons & Dragons initiatives, including a World of Warcraft crossover launching in November, along with planned Dark Sun and Star Wars experiences. The announcements could strengthen Hasbro’s licensing, gaming and fan-engagement opportunities. Dungeons and Dragons announcements
• Positive Sentiment: Hasbro prevailed in a long-running copyright dispute involving Peppa Pig and Vietnam’s Wolfoo, protecting an important intellectual-property asset and potentially limiting unauthorized competition. Peppa Pig copyright case
• Positive Sentiment: New Transformers: Age of the Primes action figures provide additional product support for one of Hasbro’s major brands. Transformers action figures
• Neutral Sentiment: Hasbro declared a quarterly dividend of $0.70, or $2.80 annually, representing an approximately 3% yield. The dividend is payable September 2 to shareholders of record August 19.
• Negative Sentiment: Insider selling may weigh on sentiment: CFO Gina Goetter sold 11,000 shares for about $1.05 million, while John Hight sold 3,186 shares for roughly $299,000. Timothy J. Kilpin also sold 20,000 shares, although that transaction was reported as being to cover tax withholding on vested equity awards. Hasbro insider sales

Insiders Place Their Bets

In other Hasbro news, insider Timothy J. Kilpin sold 20,000 shares of the business’s 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 directly owned 54,229 shares of the company’s stock, valued at $5,049,804.48. The trade was a 26.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Gina M. Goetter sold 11,000 shares of the stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $95.44, for a total value of $1,049,840.00. Following the completion of the sale, the chief financial officer owned 88,104 shares of the company’s stock, valued at $8,408,645.76. The trade was a 11.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 42,451 shares of company stock worth $3,987,379. Corporate insiders own 0.71% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on HAS shares. JPMorgan Chase & Co. reduced their price objective on shares of Hasbro from $125.00 to $111.00 and set an “overweight” rating for the company in a report on Wednesday, July 22nd. Roth Capital reissued a “buy” rating on shares of Hasbro in a research note on Wednesday, July 22nd. DA Davidson dropped their price target on shares of Hasbro from $100.00 to $95.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 22nd. Wells Fargo & Company reduced their price target on shares of Hasbro from $92.00 to $85.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 9th. Finally, Argus raised their price objective on shares of Hasbro from $90.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Twelve investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $109.07.

Hasbro Stock Performance

Shares of HAS opened at $93.94 on Friday. The company has a 50-day moving average of $84.47 and a two-hundred day moving average of $90.61. The stock has a market cap of $13.29 billion, a price-to-earnings ratio of 16.90, a PEG ratio of 1.74 and a beta of 0.49. 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 one year low of $69.50 and a one year high of $106.98.

Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Tuesday, July 21st. The company reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.12. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.07 billion. Hasbro had a net margin of 15.97% and a return on equity of 141.11%. The firm’s revenue was up 16.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.30 earnings per share. On average, equities research analysts expect that Hasbro, Inc. will post 6.13 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 given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.0%. The ex-dividend date is Wednesday, August 19th. Hasbro’s payout ratio is presently 50.36%.

Hasbro Company Profile

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.