Key Points
- Hasbro CFO Gina Goetter sold 7,262 shares for about $864,105 under a pre-arranged Rule 10b5-1 plan, reducing her holdings by 9.1% to 72,577 shares.
- Hasbro reported quarterly EPS of $2.90, beating the $1.86 consensus, while revenue of $1.60 billion exceeded expectations and rose 15% year over year.
- The company announced a quarterly dividend of $0.70 per share, equivalent to $2.80 annually and a 2.4% yield. Analysts’ consensus rating was “Moderate Buy,” with an average price target of $114.93.
Hasbro, Inc. (NASDAQ:HAS - Get Free Report) CFO Gina Goetter sold 7,262 shares of the stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $118.99, for a total transaction of $864,105.38. Following the sale, the chief financial officer owned 72,577 shares of the company's stock, valued at $8,635,937.23. This trade represents a 9.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Hasbro Stock Performance
NASDAQ HAS opened at $117.97 on Wednesday. The company has a quick ratio of 1.24, a current ratio of 1.40 and a debt-to-equity ratio of 2.79. Hasbro, Inc. has a 52-week low of $74.78 and a 52-week high of $121.04. The business's 50-day moving average price is $97.32 and its 200 day moving average price is $92.68. The firm has a market cap of $16.50 billion, a P/E ratio of 17.63, a P/E/G ratio of 1.53 and a beta of 0.36.
Hasbro (NASDAQ:HAS - Get Free Report) last issued its quarterly earnings results on Tuesday, October 20th. The company reported $2.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $1.04. The firm had revenue of $1.60 billion for the quarter, compared to analysts' expectations of $1.48 billion. Hasbro had a return on equity of 140.60% and a net margin of 18.44%. The firm's revenue for the quarter was up 15.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.68 EPS. On average, equities research analysts expect that Hasbro, Inc. will post 6.69 earnings per share for the current year.
Hasbro Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 2nd. Shareholders of record on Wednesday, November 18th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Wednesday, November 18th. Hasbro's dividend payout ratio (DPR) is 41.85%.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on the company. Zacks Research raised Hasbro from a "hold" rating to a "strong-buy" rating in a report on Thursday, October 22nd. Wall Street Zen raised Hasbro from a "hold" rating to a "buy" rating in a report on Saturday. Argus increased their price target on Hasbro from $90.00 to $105.00 and gave the stock a "buy" rating in a report on Thursday, July 23rd. Wells Fargo & Company lifted their price objective on shares of Hasbro from $90.00 to $100.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 21st. Finally, Citigroup boosted their price objective on shares of Hasbro from $117.00 to $137.00 and gave the company a "buy" rating in a research note on Wednesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $114.93.
Read Our Latest Stock Analysis on HAS
Institutional Trading of Hasbro
Several hedge funds have recently modified their holdings of the business. Community Bank N.A. purchased a new stake in shares of Hasbro in the second quarter valued at approximately $26,000. Retirement Wealth Solutions LLC grew its holdings in Hasbro by 1,741.2% during the third quarter. Retirement Wealth Solutions LLC now owns 313 shares of the company's stock worth $27,000 after acquiring an additional 296 shares during the period. Pension & Wealth Management Advisors Inc. acquired a new position in Hasbro during the third quarter worth $27,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Hasbro by 1,190.0% during 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 period. Finally, Cedar Mountain Advisors LLC purchased a new position in Hasbro in the first quarter worth $37,000. 91.83% of the stock is owned by institutional investors and hedge funds.
About Hasbro
(
Get Free Report)
Hasbro, Inc is a global branded entertainment company that develops and markets toys, games, entertainment experiences and consumer products. Its portfolio includes well-known brands such as Monopoly, Play-Doh, Transformers, Nerf, My Little Pony, Dungeons & Dragons and Magic: The Gathering.
The company serves consumers through a range of channels, including retail, e-commerce, digital gaming, entertainment content and licensing. Hasbro also works with third-party partners to extend its brands into film and television, apparel, publishing and other consumer products.
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