Press coverage about Hasbro (NASDAQ:HAS) has trended somewhat positive on Monday, according to Accern Sentiment. The research group rates the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Hasbro earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave press coverage about the company an impact score of 45.1876414600725 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:
- Form 4 HASBRO INC For: May 17 Filed by: Davis Sir Crispin (streetinsider.com)
- Form 4 HASBRO INC For: May 17 Filed by: PHILIP EDWARD M (streetinsider.com)
- Form 8-K HASBRO INC For: May 17 (streetinsider.com)
- Hasbro Buys the Power Rangers, but Maybe Toys R Us Would Have Been Better (fool.com)
- Hasbro, Expedia And Three Other Stocks To Sell Now (forbes.com)
Hasbro traded down $1.34, hitting $87.37, during midday trading on Monday, Marketbeat.com reports. 742,404 shares of the company were exchanged, compared to its average volume of 1,645,896. The firm has a market cap of $11.08 billion, a price-to-earnings ratio of 16.00, a price-to-earnings-growth ratio of 1.58 and a beta of 0.85. Hasbro has a fifty-two week low of $79.00 and a fifty-two week high of $116.20. The company has a quick ratio of 2.94, a current ratio of 3.54 and a debt-to-equity ratio of 1.08.
Hasbro (NASDAQ:HAS) last posted its earnings results on Monday, April 23rd. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.21). Hasbro had a return on equity of 35.43% and a net margin of 4.25%. The company had revenue of $716.30 million for the quarter, compared to analyst estimates of $816.00 million. During the same period last year, the business earned $0.54 earnings per share. The firm’s revenue was down 15.7% on a year-over-year basis. equities analysts expect that Hasbro will post 4.82 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 15th. Shareholders of record on Wednesday, August 1st will be issued a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 2.88%. The ex-dividend date is Tuesday, July 31st. Hasbro’s payout ratio is currently 46.15%.
Hasbro announced that its Board of Directors has approved a stock repurchase plan on Thursday, May 17th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 4.5% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.
A number of research analysts have recently weighed in on HAS shares. TheStreet lowered Hasbro from a “b-” rating to a “c+” rating in a report on Friday, April 6th. Wells Fargo reissued a “market perform” rating and issued a $100.00 price objective (up from $95.00) on shares of Hasbro in a report on Thursday, February 8th. SunTrust Banks reissued a “hold” rating and issued a $90.00 price objective on shares of Hasbro in a report on Thursday, April 12th. KeyCorp reissued a “buy” rating and issued a $110.00 price objective on shares of Hasbro in a report on Thursday, March 22nd. Finally, Zacks Investment Research raised Hasbro from a “sell” rating to a “hold” rating in a report on Wednesday, January 24th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $102.07.
In other Hasbro news, EVP Wiebe Tinga sold 3,955 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $97.19, for a total value of $384,386.45. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Deborah Thomas sold 6,000 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $96.33, for a total value of $577,980.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 394,435 shares of company stock worth $38,337,975. 9.90% of the stock is owned by corporate insiders.
Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. The company's U.S. and Canada segment markets and sells action figures, arts and crafts, and creative play products; electronic toys and related electronic interactive products; fashion and other dolls, infant products, play sets, preschool toys, plush products, and sports action blasters and accessories; and vehicles and toy-related specialty products, as well as traditional board games, and trading card and role-playing games primarily in the United States and Canada.
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