Hasbro, Inc. $HAS Shares Sold by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. reduced its position in Hasbro, Inc. (NASDAQ:HAS) by 33.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,698 shares of the company’s stock after selling 6,414 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Hasbro were worth $1,049,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of HAS. Brighton Jones LLC bought a new stake in shares of Hasbro in the fourth quarter worth $317,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Hasbro by 11.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,563 shares of the company’s stock worth $1,018,000 after purchasing an additional 1,753 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Hasbro by 95.8% in the 1st quarter. Empowered Funds LLC now owns 13,187 shares of the company’s stock valued at $811,000 after purchasing an additional 6,451 shares in the last quarter. Woodline Partners LP raised its stake in shares of Hasbro by 40.7% in the 1st quarter. Woodline Partners LP now owns 11,078 shares of the company’s stock valued at $681,000 after purchasing an additional 3,203 shares in the last quarter. Finally, Focus Partners Wealth bought a new position in shares of Hasbro during the first quarter worth about $292,000. 91.83% of the stock is owned by hedge funds and other institutional investors.

Hasbro Trading Down 0.5%

Shares of NASDAQ:HAS opened at $92.53 on Friday. The company has a market cap of $13.05 billion, a PE ratio of 16.64, a P/E/G ratio of 1.59 and a beta of 0.47. The company’s 50-day moving average price is $89.12 and its 200 day moving average price is $90.95. Hasbro, Inc. has a fifty-two week low of $69.50 and a fifty-two week high of $106.98. The company has a quick ratio of 1.46, a current ratio of 1.66 and a debt-to-equity ratio of 4.16.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Tuesday, July 21st. The company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.12. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.07 billion. Hasbro had a return on equity of 141.11% and a net margin of 15.97%.The business’s revenue for the quarter was up 16.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.30 EPS. Sell-side analysts anticipate that Hasbro, Inc. will post 6.17 earnings per share for the current year.

Hasbro Announces Dividend

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

Analyst Ratings Changes

Several analysts recently weighed in on the company. Wall Street Zen lowered Hasbro from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Morgan Stanley increased their target price on Hasbro from $122.00 to $123.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. Jefferies Financial Group dropped their price target on Hasbro from $120.00 to $110.00 and set a “buy” rating on the stock in a research report on Thursday, July 16th. Roth Capital reaffirmed a “buy” rating on shares of Hasbro in a report on Wednesday, July 22nd. Finally, Weiss Ratings raised shares of Hasbro from a “sell (d+)” rating to a “hold (c+)” rating in a report on Friday, July 31st. Twelve equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Hasbro has a consensus rating of “Moderate Buy” and an average target price of $109.43.

Insider Buying and Selling

In related news, insider Holly Barbacovi sold 5,057 shares of Hasbro stock in a transaction on Monday, August 31st. The stock was sold at an average price of $94.20, for a total value of $476,369.40. Following the transaction, the insider directly owned 37,486 shares in the company, valued at $3,531,181.20. The trade was a 11.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Timothy J. Kilpin sold 20,000 shares of the business’s stock in a transaction dated 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 owned 54,229 shares in the company, valued at approximately $5,049,804.48. The trade was a 26.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 50,472 shares of company stock valued at $4,736,533 in the last three months. Insiders own 0.71% of the company’s stock.

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

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.