Holly Barbacovi Sells 5,057 Shares of Hasbro (NASDAQ:HAS) Stock

Hasbro, Inc. (NASDAQ:HAS) insider Holly Barbacovi sold 5,057 shares of the business’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $94.20, for a total transaction of $476,369.40. Following the completion of the transaction, the insider owned 37,486 shares in the company, valued at approximately $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 at this link.

Hasbro Stock Performance

Shares of HAS stock traded down $0.90 during trading hours on Tuesday, hitting $93.20. 1,213,670 shares of the company were exchanged, compared to its average volume of 1,956,182. The company has a current ratio of 1.66, a quick ratio of 1.46 and a debt-to-equity ratio of 4.16. The stock has a market capitalization of $13.14 billion, a price-to-earnings ratio of 16.76, a P/E/G ratio of 1.72 and a beta of 0.47. The firm has a fifty day simple moving average of $88.40 and a 200 day simple moving average of $91.15. Hasbro, Inc. has a 52-week low of $69.50 and a 52-week high of $106.98.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Tuesday, July 21st. The company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.16 by $0.12. Hasbro had a return on equity of 141.11% and a net margin of 15.97%.The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the business earned $1.30 earnings per share. Hasbro’s revenue for the quarter was up 16.2% on a year-over-year basis. Research analysts predict that Hasbro, Inc. will post 6.18 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders 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 dividend yield of 3.0%. The ex-dividend date of this dividend is Wednesday, August 19th. Hasbro’s dividend payout ratio is currently 50.36%.

Institutional Trading of Hasbro

A number of hedge funds and other institutional investors have recently made changes to their positions in HAS. BlackRock Inc. bought a new position in Hasbro in the 2nd quarter worth about $2,204,689,000. California State Teachers Retirement System increased its position in shares of Hasbro by 8,051.1% during the second quarter. California State Teachers Retirement System now owns 12,786,336 shares of the company’s stock valued at $1,056,023,000 after buying an additional 12,629,470 shares during the period. State Street Corp lifted its holdings in shares of Hasbro by 2.1% in the second quarter. State Street Corp now owns 6,508,052 shares of the company’s stock worth $480,424,000 after buying an additional 131,678 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Hasbro by 47.3% in the fourth quarter. AQR Capital Management LLC now owns 4,357,147 shares of the company’s stock worth $357,286,000 after buying an additional 1,399,499 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Hasbro by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 3,661,020 shares of the company’s stock worth $299,700,000 after buying an additional 122,592 shares in the last quarter. 91.83% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

HAS has been the subject of several recent research reports. JPMorgan Chase & Co. decreased their price objective on Hasbro from $125.00 to $111.00 and set an “overweight” rating for the company in a report on Wednesday, July 22nd. BNP Paribas Exane dropped their price objective on shares of Hasbro from $117.00 to $114.00 and set an “outperform” rating on the stock in a report on Wednesday, July 15th. Weiss Ratings upgraded shares of Hasbro from a “sell (d+)” rating to a “hold (c+)” rating in a research report on Friday, July 31st. Roth Capital reiterated a “buy” rating on shares of Hasbro in a research note on Wednesday, July 22nd. Finally, Zacks Research lowered shares of Hasbro from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. Twelve equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $109.43.

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.