Shelter Mutual Insurance Co Acquires Shares of 23,700 Hasbro, Inc. $HAS

Shelter Mutual Insurance Co bought a new position in Hasbro, Inc. (NASDAQ:HAS) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 23,700 shares of the company’s stock, valued at approximately $1,957,000.

A number of other institutional investors have also modified their holdings of HAS. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Hasbro during the fourth quarter valued at approximately $27,000. CYBER HORNET ETFs LLC bought a new position in Hasbro in the second quarter worth approximately $25,000. MUFG Securities EMEA plc purchased a new position in Hasbro during the 2nd quarter worth $28,000. Thurston Springer Miller Herd & Titak Inc. raised its position in 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 in the last quarter. Finally, Cedar Mountain Advisors LLC bought a new stake in Hasbro during the 1st quarter valued at $37,000. 91.83% of the stock is owned by hedge funds and other institutional investors.

Hasbro Stock Down 0.0%

NASDAQ:HAS opened at $93.54 on Friday. The company’s 50-day simple moving average is $87.12 and its 200-day simple moving average is $91.24. The company has a debt-to-equity ratio of 4.16, a quick ratio of 1.46 and a current ratio of 1.66. Hasbro, Inc. has a fifty-two week low of $69.50 and a fifty-two week high of $106.98. The stock has a market capitalization of $13.19 billion, a P/E ratio of 16.82, a P/E/G ratio of 1.71 and a beta of 0.47.

Hasbro (NASDAQ:HAS) last announced its earnings results on Tuesday, July 21st. The company reported $1.28 earnings per share for the quarter, beating 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 the consensus estimate of $1.07 billion. During the same period last year, the firm earned $1.30 earnings per share. Hasbro’s revenue was up 16.2% compared to the same quarter last year. On average, equities analysts anticipate that Hasbro, Inc. will post 6.15 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be paid 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 50.36%.

Insiders Place Their Bets

In related news, Director Elizabeth Hamren sold 1,975 shares of the company’s stock in a transaction dated Friday, August 7th. The stock was 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. This represents a 16.64% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Timothy J. Kilpin sold 20,000 shares of the firm’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 completion of the sale, the insider directly owned 54,229 shares of the company’s stock, valued at approximately $5,049,804.48. This represents 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 45,415 shares of company stock valued at $4,260,164 in the last 90 days. Corporate insiders own 0.71% of the company’s stock.

Analysts Set New Price Targets

HAS has been the topic of a number of recent research reports. Weiss Ratings raised Hasbro from a “sell (d+)” rating to a “hold (c+)” rating in a research report on Friday, July 31st. DA Davidson lowered their price objective on shares of Hasbro from $100.00 to $95.00 and set a “neutral” rating for the company in a research note on Wednesday, July 22nd. Wells Fargo & Company increased their target price on shares of Hasbro from $85.00 to $90.00 and gave the stock an “equal weight” rating in a report on Thursday. Citigroup reaffirmed a “buy” rating on shares of Hasbro in a research report on Thursday, July 23rd. Finally, Morgan Stanley lifted their price objective on shares of Hasbro from $122.00 to $123.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Twelve equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.