Legal & General Group Plc Invests $18.67 Million in Hasbro, Inc. $HAS

Legal & General Group Plc acquired a new stake in Hasbro, Inc. (NASDAQ:HAS) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 226,034 shares of the company’s stock, valued at approximately $18,668,000. Legal & General Group Plc owned 0.16% of Hasbro as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new stake in Hasbro in the 4th quarter worth about $317,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Hasbro by 11.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,563 shares of the company’s stock valued at $1,018,000 after acquiring an additional 1,753 shares during the last quarter. Empowered Funds LLC increased its stake in shares of Hasbro by 95.8% during the 1st quarter. Empowered Funds LLC now owns 13,187 shares of the company’s stock valued at $811,000 after acquiring an additional 6,451 shares during the last quarter. Woodline Partners LP lifted its holdings in shares of Hasbro by 40.7% during the 1st quarter. Woodline Partners LP now owns 11,078 shares of the company’s stock worth $681,000 after acquiring an additional 3,203 shares during the period. Finally, Focus Partners Wealth purchased a new position in shares of Hasbro during the 1st quarter worth about $292,000. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on HAS shares. DA Davidson lowered their target price on shares of Hasbro from $100.00 to $95.00 and set a “neutral” rating for the company in a report on Wednesday, July 22nd. 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 report on Wednesday, July 15th. Roth Capital reissued a “buy” rating on shares of Hasbro in a research note on Wednesday, July 22nd. Wall Street Zen downgraded Hasbro from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Citigroup reaffirmed a “buy” rating on shares of Hasbro in a research report on Thursday, July 23rd. Twelve analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Hasbro currently has an average rating of “Moderate Buy” and a consensus target price of $109.43.

Hasbro Stock Performance

Shares of HAS stock opened at $94.23 on Monday. 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, Inc. has a fifty-two week low of $69.50 and a fifty-two week high of $106.98. The firm’s 50 day moving average price is $88.20 and its two-hundred day moving average price is $91.22. The stock has a market cap of $13.29 billion, a price-to-earnings ratio of 16.95, a price-to-earnings-growth ratio of 1.72 and a beta of 0.47.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Tuesday, July 21st. The company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.12. Hasbro had a net margin of 15.97% and a return on equity of 141.11%. The company 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 business earned $1.30 earnings per share. The business’s quarterly revenue was up 16.2% compared to the same quarter last year. On average, analysts anticipate that Hasbro, Inc. will post 6.18 EPS for the current year.

Hasbro Announces Dividend

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

Insider Buying and Selling

In other Hasbro news, insider John Hight sold 3,186 shares of the firm’s stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $93.71, for a total value of $298,560.06. Following the transaction, the insider directly owned 67,557 shares of the company’s stock, valued at $6,330,766.47. This trade represents a 4.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Gina M. Goetter sold 11,000 shares of the business’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $95.44, for a total value of $1,049,840.00. Following the transaction, the chief financial officer owned 88,104 shares in the company, valued at approximately $8,408,645.76. This represents a 11.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 45,415 shares of company stock valued at $4,260,164. 0.71% of the stock is owned by company insiders.

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.