Northwestern Mutual Wealth Management Co. Invests $1.05 Million in Hasbro, Inc. $HAS

Northwestern Mutual Wealth Management Co. acquired a new position in shares of Hasbro, Inc. (NASDAQ:HAS) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 12,698 shares of the company’s stock, valued at approximately $1,049,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. BlackRock Inc. purchased a new position in Hasbro during the second quarter worth $2,204,689,000. Vanguard Group Inc. raised its holdings in shares of Hasbro by 2.7% in the fourth quarter. Vanguard Group Inc. now owns 16,976,679 shares of the company’s stock worth $1,392,088,000 after acquiring an additional 453,038 shares during the last quarter. State Street Corp lifted its position in shares of Hasbro by 2.1% in the second quarter. State Street Corp now owns 6,508,052 shares of the company’s stock valued at $480,424,000 after acquiring an additional 131,678 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Hasbro by 47.3% during the fourth quarter. AQR Capital Management LLC now owns 4,357,147 shares of the company’s stock valued at $357,286,000 after acquiring an additional 1,399,499 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Hasbro by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 3,661,020 shares of the company’s stock valued at $299,700,000 after acquiring an additional 122,592 shares during the last quarter. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Insider Activity at Hasbro

In related news, Director Elizabeth Hamren sold 1,975 shares of the company’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 completion of the transaction, the director owned 9,896 shares of the company’s stock, valued at approximately $918,744.64. This represents a 16.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John Hight sold 3,186 shares of the stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $93.71, for a total transaction of $298,560.06. Following the transaction, the insider directly owned 67,557 shares in the company, valued at approximately $6,330,766.47. This represents a 4.50% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 45,415 shares of company stock valued at $4,260,164 in the last ninety days. 0.71% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Roth Capital reiterated a “buy” rating on shares of Hasbro in a research report on Wednesday, July 22nd. Bank of America decreased their price target on shares of Hasbro from $115.00 to $105.00 and set a “buy” rating on the stock in a research note on Thursday, July 16th. JPMorgan Chase & Co. lowered their price target on shares of Hasbro from $125.00 to $111.00 and set an “overweight” rating for the company in a report on Wednesday, July 22nd. DA Davidson cut their price objective on shares of Hasbro from $100.00 to $95.00 and set a “neutral” rating for the company in a research report on Wednesday, July 22nd. Finally, Citigroup reissued a “buy” rating on shares of Hasbro in a research note on Thursday, July 23rd. Twelve research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Hasbro has an average rating of “Moderate Buy” and a consensus target price of $109.43.

Hasbro Stock Performance

NASDAQ HAS opened at $96.74 on Wednesday. The business’s 50-day moving average price is $87.57 and its 200 day moving average price is $91.23. 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, Inc. has a twelve month low of $69.50 and a twelve month high of $106.98. The company has a market capitalization of $13.64 billion, a PE ratio of 17.40, a price-to-earnings-growth ratio of 1.75 and a beta of 0.47.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings data 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 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 quarter in the prior year, the company posted $1.30 EPS. The company’s quarterly revenue was up 16.2% compared to the same quarter last year. On average, research analysts predict that Hasbro, Inc. will post 6.15 earnings per share for the current year.

Hasbro Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Wednesday, August 19th. Hasbro’s payout ratio is presently 50.36%.

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.