Hasbro (NASDAQ:HAS) Sets New 1-Year High – Here’s What Happened

Hasbro, Inc. (NASDAQ:HAS)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $85.62 and last traded at $85.3110, with a volume of 278878 shares trading hands. The stock had previously closed at $82.97.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on HAS shares. The Goldman Sachs Group upped their price objective on shares of Hasbro from $89.00 to $90.00 and gave the company a “buy” rating in a research note on Friday, October 24th. Weiss Ratings reiterated a “sell (d)” rating on shares of Hasbro in a report on Monday, December 29th. Citigroup increased their price objective on shares of Hasbro from $91.00 to $97.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. Seaport Res Ptn raised Hasbro to a “strong-buy” rating in a research report on Monday, November 10th. Finally, Morgan Stanley reissued an “overweight” rating and set a $94.00 price target on shares of Hasbro in a research report on Sunday, December 14th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $91.42.

Hasbro Price Performance

The stock has a market capitalization of $12.06 billion, a P/E ratio of -21.46, a PEG ratio of 1.49 and a beta of 0.55. The company has a 50 day moving average of $80.05 and a 200-day moving average of $77.76. The company has a quick ratio of 1.42, a current ratio of 1.70 and a debt-to-equity ratio of 7.65.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Thursday, October 23rd. The company reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.05. The business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.35 billion. Hasbro had a positive return on equity of 82.17% and a negative net margin of 12.81%.The business’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.73 EPS. Sell-side analysts predict that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 3rd. Shareholders of record on Wednesday, November 19th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Wednesday, November 19th. Hasbro’s dividend payout ratio (DPR) is presently -69.83%.

Insider Buying and Selling at Hasbro

In related news, Director Hope F. Cochran sold 4,000 shares of Hasbro stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $77.24, for a total value of $308,960.00. Following the sale, the director directly owned 17,102 shares in the company, valued at $1,320,958.48. This trade represents a 18.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.85% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Hasbro

Several large investors have recently made changes to their positions in HAS. CYBER HORNET ETFs LLC acquired a new position in shares of Hasbro during the second quarter worth approximately $25,000. MUFG Securities EMEA plc bought a new stake in Hasbro during the 2nd quarter valued at $28,000. First Horizon Corp acquired a new position in Hasbro during the 3rd quarter worth $29,000. Foster Dykema Cabot & Partners LLC bought a new position in Hasbro in the 3rd quarter valued at about $34,000. Finally, Pittenger & Anderson Inc. acquired a new position in shares of Hasbro during the second quarter valued at approximately $35,000. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro Company Profile

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.