John Hight, president of Hasbro Inc.’s Wizards of the Coast (WOTC) division, sold 11,593 ordinary shares on August 19 for approximately $1.097 million, according to regulatory filings. The transaction occurred at an average price of $94.65 per share, within a range of $94.59 to $94.76. The stock closed at $94.74 on August 25, up 21% year-to-date and near the upper end of the sale price band.
Hight retained 38,597 ordinary shares following the disposal, maintaining a direct stake in the company. The sale follows Hasbro’s second-quarter results, which reported adjusted earnings of $1.28 per share and revenue of $1.14 billion, both exceeding Wall Street estimates. The WOTC segment, home to the Magic: The Gathering franchise, was the primary driver of growth, while the impact of a recent cyber incident was described as less severe than anticipated.
Hasbro’s financial position remains robust, with a consecutive dividend record spanning 46 years and a current yield of 2.89%. The company holds an InvestingPro financial health score classified as “Great.” Analysts remain broadly constructive: UBS raised its price target to $120 with a buy rating, while DA Davidson lowered its target from $100 to $95, maintaining a neutral stance.
