Hasbro, Inc. (NASDAQ:HAS) President John Frascotti sold 47,024 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $98.29, for a total value of $4,621,988.96. Following the completion of the sale, the president now owns 85,625 shares in the company, valued at $8,416,081.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Hasbro, Inc. (HAS) traded down $0.86 during midday trading on Wednesday, hitting $88.49. 1,610,752 shares of the company were exchanged, compared to its average volume of 1,721,434. Hasbro, Inc. has a fifty-two week low of $87.58 and a fifty-two week high of $116.20. The company has a current ratio of 2.90, a quick ratio of 2.56 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $11,184.69, a PE ratio of 28.54, a P/E/G ratio of 1.43 and a beta of 0.82.
Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $2.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.82 by $0.48. Hasbro had a net margin of 7.61% and a return on equity of 36.36%. The business had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same period in the previous year, the business earned $1.64 earnings per share. The company’s revenue was down 1.8% on a year-over-year basis. analysts expect that Hasbro, Inc. will post 5.39 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 15th. Shareholders of record on Tuesday, May 1st will be given a $0.63 dividend. The ex-dividend date is Monday, April 30th. This is a boost from Hasbro’s previous quarterly dividend of $0.57. This represents a $2.52 annualized dividend and a yield of 2.85%. Hasbro’s payout ratio is 73.08%.
A number of institutional investors have recently modified their holdings of HAS. SeaCrest Wealth Management LLC bought a new stake in Hasbro in the fourth quarter worth about $131,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Hasbro in the fourth quarter worth about $136,000. Highstreet Asset Management Inc. raised its position in Hasbro by 105.2% in the third quarter. Highstreet Asset Management Inc. now owns 1,584 shares of the company’s stock worth $155,000 after acquiring an additional 812 shares in the last quarter. Delpha Capital Management LLC bought a new stake in Hasbro in the fourth quarter worth about $161,000. Finally, Ellington Management Group LLC bought a new stake in Hasbro in the fourth quarter worth about $209,000. Hedge funds and other institutional investors own 80.66% of the company’s stock.
A number of equities research analysts have issued reports on the company. Zacks Investment Research cut Hasbro from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. BidaskClub upgraded Hasbro from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. B. Riley raised their target price on Hasbro from $108.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. Wells Fargo & Co reiterated a “market perform” rating and issued a $100.00 target price (up from $95.00) on shares of Hasbro in a research note on Thursday, February 8th. Finally, Stifel Nicolaus cut their target price on Hasbro from $100.00 to $97.00 and set a “hold” rating on the stock in a research note on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $109.50.
Hasbro, Inc (Hasbro) is a play and entertainment company. The Company’s operating segments include the U.S. and Canada, International, and Entertainment and Licensing. From toys and games to content development, including television programming, motion pictures, digital gaming and a consumer products licensing program, Hasbro fulfills the fundamental need for play and connection for children and families around the world.
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