Public Employees Retirement System of Ohio Purchases New Shares in Hasbro, Inc. $HAS

Public Employees Retirement System of Ohio purchased a new position in Hasbro, Inc. (NASDAQ:HAS) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 40,095 shares of the company’s stock, valued at approximately $3,311,000.

A number of other institutional investors have also added to or reduced their stakes in HAS. Huntington National Bank boosted its holdings in shares of Hasbro by 10.2% during the 4th quarter. Huntington National Bank now owns 1,233 shares of the company’s stock valued at $101,000 after buying an additional 114 shares in the last quarter. Marathon Mission Inc. increased its stake in shares of Hasbro by 1.4% in the 2nd quarter. Marathon Mission Inc. now owns 9,152 shares of the company’s stock worth $756,000 after acquiring an additional 128 shares in the last quarter. Severin Investments LLC lifted its position in Hasbro by 3.1% during the 1st quarter. Severin Investments LLC now owns 4,595 shares of the company’s stock valued at $430,000 after acquiring an additional 137 shares during the period. Root Financial Partners LLC boosted its stake in Hasbro by 21.3% during the first quarter. Root Financial Partners LLC now owns 780 shares of the company’s stock worth $73,000 after acquiring an additional 137 shares in the last quarter. Finally, United Capital Financial Advisors LLC boosted its stake in Hasbro by 2.2% during the third quarter. United Capital Financial Advisors LLC now owns 6,500 shares of the company’s stock worth $493,000 after acquiring an additional 139 shares in the last quarter. Institutional investors own 91.83% of the company’s stock.

Hasbro Stock Performance

Shares of HAS opened at $92.53 on Friday. The company has a market cap of $13.05 billion, a price-to-earnings ratio of 16.64, a P/E/G ratio of 1.60 and a beta of 0.47. The business’s fifty day simple moving average is $89.12 and its two-hundred day simple moving average is $90.95. Hasbro, Inc. has a 12 month low of $69.50 and a 12 month high of $106.98. The company has a current ratio of 1.66, a quick ratio of 1.46 and a debt-to-equity ratio of 4.16.

Hasbro (NASDAQ:HAS) last posted its quarterly 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. The firm had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Hasbro had a return on equity of 141.11% and a net margin of 15.97%.The company’s revenue was up 16.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.30 earnings per share. Research analysts anticipate that Hasbro, Inc. will post 6.17 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

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

Insiders Place Their Bets

In other news, insider John Hight sold 3,186 shares of Hasbro stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $93.71, for a total value 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. The trade was a 4.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Elizabeth Hamren sold 1,975 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $92.84, for a total transaction of $183,359.00. Following the transaction, the director directly owned 9,896 shares of the company’s stock, valued at $918,744.64. The trade was a 16.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 50,472 shares of company stock worth $4,736,533 in the last quarter. Insiders own 0.71% of the company’s stock.

Analyst Upgrades and Downgrades

HAS has been the subject of several recent research reports. Weiss Ratings upgraded shares of Hasbro from a “sell (d+)” rating to a “hold (c+)” rating in a report on Friday, July 31st. Jefferies Financial Group cut their price target on Hasbro from $120.00 to $110.00 and set a “buy” rating on the stock in a research note on Thursday, July 16th. Argus raised their price objective on Hasbro from $90.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. UBS Group reiterated a “buy” rating and set a $120.00 price objective on shares of Hasbro in a research note on Monday, July 27th. Finally, Wall Street Zen downgraded Hasbro from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Twelve analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $109.43.

Key Headlines 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

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.