Hasbro, Inc. (NASDAQ:HAS - Get Free Report) CFO Gina Goetter sold 8,265 shares of the firm's stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $93.96, for a total value of $776,579.40. Following the completion of the sale, the chief financial officer directly owned 79,839 shares in the company, valued at $7,501,672.44. This trade represents a 9.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Hasbro Stock Performance
Shares of NASDAQ HAS opened at $93.94 on Friday. Hasbro, Inc. has a 12 month low of $69.50 and a 12 month high of $106.98. The company has a market cap of $13.29 billion, a P/E ratio of 16.90, a P/E/G ratio of 1.74 and a beta of 0.49. The business's 50 day moving average is $84.47 and its two-hundred day moving average is $90.61. 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 - Get Free Report) last released its earnings results on Tuesday, July 21st. The company reported $1.28 EPS 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 firm had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.07 billion. During the same period in the prior year, the company earned $1.30 EPS. The business's quarterly revenue was up 16.2% compared to the same quarter last year. On average, equities analysts expect that Hasbro, Inc. will post 6.13 EPS for the current year.
Hasbro Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be issued a dividend of $0.70 per share. The ex-dividend date is Wednesday, August 19th. This represents a $2.80 annualized dividend and a dividend yield of 3.0%. Hasbro's payout ratio is presently 50.36%.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on HAS. Wall Street Zen cut shares of Hasbro from a "buy" rating to a "hold" rating in a research note on Saturday. JPMorgan Chase & Co. lowered their price target on Hasbro from $125.00 to $111.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 22nd. Jefferies Financial Group cut their price target on Hasbro from $120.00 to $110.00 and set a "buy" rating for the company in a report on Thursday, July 16th. Morgan Stanley raised their price objective on Hasbro from $122.00 to $123.00 and gave the stock an "overweight" rating in a research report on Thursday, May 14th. Finally, Citigroup reissued a "buy" rating on shares of Hasbro in a report on Thursday, July 23rd. Twelve analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Hasbro presently has an average rating of "Moderate Buy" and a consensus price target of $109.07.
View Our Latest Analysis on HAS
More Hasbro News
Here are the key news stories impacting Hasbro this week:
- Positive Sentiment: Brokerages maintain a consensus “Moderate Buy” rating, with an average price target of $109.07 versus recent trading levels. Twelve analysts rate Hasbro a Buy, compared with three Holds and one Sell. Hasbro receives Moderate Buy consensus
- Positive Sentiment: Wizards of the Coast unveiled new Dungeons & Dragons initiatives, including a World of Warcraft crossover launching in November, along with planned Dark Sun and Star Wars experiences. The announcements could strengthen Hasbro’s licensing, gaming and fan-engagement opportunities. Dungeons and Dragons announcements
- Positive Sentiment: Hasbro prevailed in a long-running copyright dispute involving Peppa Pig and Vietnam’s Wolfoo, protecting an important intellectual-property asset and potentially limiting unauthorized competition. Peppa Pig copyright case
- Positive Sentiment: New Transformers: Age of the Primes action figures provide additional product support for one of Hasbro’s major brands. Transformers action figures
- Neutral Sentiment: Hasbro declared a quarterly dividend of $0.70, or $2.80 annually, representing an approximately 3% yield. The dividend is payable September 2 to shareholders of record August 19.
- Negative Sentiment: Insider selling may weigh on sentiment: CFO Gina Goetter sold 11,000 shares for about $1.05 million, while John Hight sold 3,186 shares for roughly $299,000. Timothy J. Kilpin also sold 20,000 shares, although that transaction was reported as being to cover tax withholding on vested equity awards. Hasbro insider sales
Hedge Funds Weigh In On Hasbro
A number of hedge funds have recently modified their holdings of HAS. Huntington National Bank raised its stake in Hasbro by 10.2% during the fourth quarter. Huntington National Bank now owns 1,233 shares of the company's stock worth $101,000 after acquiring an additional 114 shares in the last quarter. Marathon Mission Inc. boosted its stake in shares of Hasbro by 1.4% in the 2nd quarter. Marathon Mission Inc. now owns 9,152 shares of the company's stock valued at $756,000 after purchasing an additional 128 shares in the last quarter. Personal CFO Solutions LLC grew its holdings in shares of Hasbro by 3.9% in the 4th quarter. Personal CFO Solutions LLC now owns 3,666 shares of the company's stock worth $301,000 after purchasing an additional 137 shares during the last quarter. Signaturefd LLC grew its holdings in shares of Hasbro by 6.4% in the 4th quarter. Signaturefd LLC now owns 2,268 shares of the company's stock worth $186,000 after purchasing an additional 137 shares during the last quarter. Finally, Severin Investments LLC increased its position in shares of Hasbro by 3.1% during the 1st quarter. Severin Investments LLC now owns 4,595 shares of the company's stock worth $430,000 after purchasing an additional 137 shares in the last quarter. 91.83% of the stock is owned by institutional investors and hedge funds.
Hasbro Company Profile
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Get Free Report)
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.
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