Key Points
- Hasbro insider Holly Barbacovi sold 5,057 shares at an average price of $94.20, generating $476,369.40. Her remaining direct ownership fell by 11.89% to 37,486 shares.
- Hasbro’s latest quarterly results exceeded expectations, with EPS of $1.28 versus the $1.16 consensus and revenue of $1.14 billion versus $1.07 billion expected. Revenue increased 16.2% year over year.
- The company declared a quarterly dividend of $0.70 per share, equivalent to an annualized $2.80 and a 3.0% yield. Analysts maintain a “Moderate Buy” consensus, with an average price target of $109.43.
Hasbro, Inc. (NASDAQ:HAS - Get Free Report) insider Holly Barbacovi sold 5,057 shares of the firm's stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $94.20, for a total value of $476,369.40. Following the completion of the sale, the insider directly owned 37,486 shares in the company, valued at $3,531,181.20. The trade was a 11.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Hasbro Trading Down 1.0%
NASDAQ HAS opened at $93.20 on Wednesday. Hasbro, Inc. has a fifty-two week low of $69.50 and a fifty-two week high of $106.98. The company has a debt-to-equity ratio of 4.16, a quick ratio of 1.46 and a current ratio of 1.66. The stock has a 50 day simple moving average of $88.60 and a two-hundred day simple moving average of $91.06. The stock has a market cap of $13.15 billion, a P/E ratio of 16.76, a price-to-earnings-growth ratio of 1.71 and a beta of 0.47.
Hasbro (NASDAQ:HAS - Get Free Report) last posted its earnings results on Tuesday, July 21st. The company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.12. The firm had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $1.07 billion. Hasbro had a return on equity of 141.11% and a net margin of 15.97%.The business's revenue was up 16.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.30 earnings per share. On average, analysts forecast that Hasbro, Inc. will post 6.18 earnings per share for the current year.
Hasbro Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Wednesday, August 19th. Hasbro's payout ratio is presently 50.36%.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. cut their target price on shares of Hasbro from $125.00 to $111.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 22nd. Citigroup restated a "buy" rating on shares of Hasbro in a report on Thursday, July 23rd. UBS Group reiterated a "buy" rating and set a $120.00 target price on shares of Hasbro in a report on Monday, July 27th. Roth Capital restated a "buy" rating on shares of Hasbro in a research note on Wednesday, July 22nd. Finally, Zacks Research cut Hasbro from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 13th. Twelve analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $109.43.
Check Out Our Latest Report on HAS
Hedge Funds Weigh In On Hasbro
Several large investors have recently made changes to their positions in HAS. CYBER HORNET ETFs LLC bought a new stake in shares of Hasbro in the 2nd quarter worth approximately $25,000. University of Texas Texas AM Investment Management Co. purchased a new position in Hasbro during the fourth quarter valued at $27,000. MUFG Securities EMEA plc bought a new stake in Hasbro in the second quarter worth $28,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Hasbro by 1,190.0% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 387 shares of the company's stock worth $32,000 after acquiring an additional 357 shares during the last quarter. Finally, Cedar Mountain Advisors LLC bought a new position in shares of Hasbro during the first quarter valued at $37,000. 91.83% of the stock is currently owned by hedge funds and other institutional investors.
Hasbro Company Profile
(
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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