Hasbro Sees Unusually Large Options Volume (NASDAQ:HAS)

Hasbro, Inc. (NASDAQ:HAS) saw unusually large options trading on Monday. Stock investors bought 10,354 put options on the stock. This represents an increase of approximately 583% compared to the average daily volume of 1,515 put options.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on HAS. DA Davidson dropped their target price on shares of Hasbro from $100.00 to $95.00 and set a “neutral” rating on the stock in a report on Wednesday, July 22nd. Wells Fargo & Company lifted their price target on shares of Hasbro from $85.00 to $90.00 and gave the company an “equal weight” rating in a report on Thursday, August 20th. Citigroup boosted their price objective on shares of Hasbro from $107.00 to $117.00 and gave the company a “buy” rating in a research report on Tuesday, October 13th. Weiss Ratings raised shares of Hasbro from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday. Finally, The Goldman Sachs Group dropped their price objective on shares of Hasbro from $117.00 to $115.00 and set a “buy” rating on the stock in a research note on Monday, September 21st. Thirteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Hasbro presently has a consensus rating of “Moderate Buy” and an average target price of $110.64.

Hasbro Stock Performance

Shares of HAS stock traded up $0.14 during trading hours on Monday, reaching $98.90. The stock had a trading volume of 1,439,809 shares, compared to its average volume of 1,909,792. The firm has a market capitalization of $13.95 billion, a PE ratio of 17.81, a price-to-earnings-growth ratio of 1.71 and a beta of 0.45. The firm has a 50-day simple moving average of $92.34 and a 200-day simple moving average of $89.86. Hasbro has a twelve month low of $69.50 and a twelve month high of $106.98. The company has a debt-to-equity ratio of 4.16, a current ratio of 1.66 and a quick ratio of 1.46.

Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Tuesday, July 21st. The company reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.12. The company had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Hasbro had a return on equity of 141.11% and a net margin of 15.97%. The business’s revenue for the quarter was up 16.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.30 earnings per share. As a group, equities analysts forecast that Hasbro will post 6.14 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Holly Barbacovi sold 5,057 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $94.20, for a total transaction of $476,369.40. Following the sale, the insider directly owned 37,486 shares of the company’s stock, valued at approximately $3,531,181.20. This represents a 11.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Timothy Kilpin sold 20,000 shares of the firm’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $93.12, for a total value of $1,862,400.00. Following the transaction, the insider owned 54,229 shares in the company, valued at $5,049,804.48. This trade represents a 26.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 50,472 shares of company stock worth $4,736,533. Corporate insiders own 0.71% of the company’s stock.

Institutional Trading of Hasbro

Several hedge funds have recently added to or reduced their stakes in HAS. Community Bank N.A. bought a new position in shares of Hasbro in the second quarter worth $26,000. Retirement Wealth Solutions LLC increased its holdings in shares of Hasbro by 1,741.2% during the third quarter. Retirement Wealth Solutions LLC now owns 313 shares of the company’s stock valued at $27,000 after purchasing an additional 296 shares during the period. Pension & Wealth Management Advisors Inc. acquired a new position in shares of Hasbro during the third quarter valued at $27,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Hasbro by 1,190.0% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 387 shares of the company’s stock valued at $32,000 after purchasing an additional 357 shares in the last quarter. Finally, Cedar Mountain Advisors LLC bought a new stake in shares of Hasbro during the first quarter valued at about $37,000. Institutional investors own 91.83% of the company’s stock.

Hasbro Company Profile

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.