Public Employees Retirement System of Ohio Takes Position in Hasbro, Inc. $HAS

Public Employees Retirement System of Ohio acquired a new position in shares of Hasbro, Inc. (NASDAQ:HAS) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 40,095 shares of the company’s stock, valued at approximately $3,311,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CYBER HORNET ETFs LLC purchased a new stake in Hasbro during the second quarter valued at about $25,000. University of Texas Texas AM Investment Management Co. purchased a new position in shares of Hasbro in the 4th quarter worth about $27,000. MUFG Securities EMEA plc purchased a new position in shares of Hasbro in the 2nd quarter worth about $28,000. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Hasbro by 1,190.0% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 387 shares of the company’s stock valued at $32,000 after purchasing an additional 357 shares during the last quarter. Finally, Cedar Mountain Advisors LLC purchased a new position in shares of Hasbro during the 1st quarter valued at about $37,000. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Hasbro Stock Performance

Hasbro stock opened at $92.53 on Friday. The company has a current ratio of 1.66, a quick ratio of 1.46 and a debt-to-equity ratio of 4.16. The firm has a 50-day moving average of $89.12 and a 200-day moving average of $90.95. The firm has a market cap of $13.05 billion, a P/E ratio of 16.64, a P/E/G ratio of 1.60 and a beta of 0.47. Hasbro, Inc. has a 1-year low of $69.50 and a 1-year high of $106.98.

Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Tuesday, July 21st. The company reported $1.28 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $1.07 billion. During the same quarter in the prior year, the company posted $1.30 EPS. Hasbro’s quarterly revenue was up 16.2% compared to the same quarter last year. Sell-side analysts expect that Hasbro, Inc. will post 6.17 EPS for the current year.

Hasbro Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Wednesday, August 19th. Hasbro’s dividend payout ratio is currently 50.36%.

Insider Buying and Selling

In related news, insider Timothy 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 value 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 legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Gina Goetter sold 8,265 shares of the business’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $93.96, for a total transaction of $776,579.40. Following the transaction, the chief financial officer directly owned 79,839 shares in the company, valued at approximately $7,501,672.44. The trade was a 9.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 50,472 shares of company stock valued at $4,736,533 over the last three months. Insiders own 0.71% of the company’s stock.

Key Stories Impacting Hasbro

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: Hasbro and Krystal are launching new Hasbro-themed kids’ meals, including toys and a promotional 99-cent Sunday offer. The partnership could provide incremental licensing revenue and broaden exposure to families. Krystal, Hasbro partner on new kids’ meals
• Positive Sentiment: Netflix is reportedly developing a Dungeons & Dragons series titled Ravenloft. A new screen adaptation could increase the franchise’s visibility and support merchandise, licensing and digital-game opportunities for Hasbro. Dungeons & Dragons Series Ravenloft in Works at Netflix
• Positive Sentiment: Hasbro is promoting a Transformers collaboration with the NFL through Hasbro Pulse, creating a cross-category collectible opportunity and potentially supporting direct-to-consumer sales. Transformers and the NFL Collide on Hasbro Pulse
• Positive Sentiment: Coverage of the upcoming Hasbro KPop Demon Hunters toys points to another entertainment-based product launch that could add seasonal sales and licensing momentum, although timing and demand remain important. KPop Demon Hunters toys update
• Neutral Sentiment: Hasbro’s CEO has assumed direct responsibility for Dungeons & Dragons and Magic: The Gathering, signaling that management views the brands as strategically important. The move could improve execution but also increases leadership concentration. Hasbro CEO takes direct charge of D&D and Magic
• Neutral Sentiment: Hasbro is marketing a Trivial Pursuit Master Edition featuring 3,000 questions. The product refresh is modestly supportive for the catalog but is unlikely to materially affect the company’s valuation. Trivial Pursuit Master Edition
• Negative Sentiment: Hasbro is reportedly seeking another studio to make Dungeons & Dragons 2. The search suggests development uncertainty and could delay the sequel, limiting near-term benefits from the film franchise. Hasbro seeks another studio for Dungeons & Dragons 2

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Wall Street Zen downgraded Hasbro from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. BNP Paribas Exane decreased their price target on shares of Hasbro from $117.00 to $114.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 15th. Wells Fargo & Company boosted their price objective on shares of Hasbro from $85.00 to $90.00 and gave the stock an “equal weight” rating in a report on Thursday, August 20th. Morgan Stanley upped their price objective on shares of Hasbro from $122.00 to $123.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. Finally, Weiss Ratings upgraded shares of Hasbro from a “sell (d+)” rating to a “hold (c+)” rating in a research report on Friday, July 31st. Twelve analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $109.43.

Hasbro 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.