Hasbro (NASDAQ:HAS) CFO Sells $776,579.40 in Stock

Hasbro, Inc. (NASDAQ:HAS) CFO Gina Goetter sold 8,265 shares of the business’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $93.96, for a total transaction of $776,579.40. Following the sale, the chief financial officer directly owned 79,839 shares in the company, valued at approximately $7,501,672.44. This trade represents a 9.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Hasbro Stock Down 0.6%

Shares of HAS traded down $0.59 during mid-day trading on Friday, reaching $93.94. The company’s stock had a trading volume of 2,746,267 shares, compared to its average volume of 2,024,640. The company has a market cap of $13.29 billion, a price-to-earnings ratio of 16.90, a price-to-earnings-growth ratio of 1.75 and a beta of 0.49. The business has a fifty day moving average of $84.36 and a 200 day moving average of $90.58. The company has a quick ratio of 1.46, a current ratio of 1.66 and a debt-to-equity ratio of 4.16. Hasbro, Inc. has a 1 year low of $69.50 and a 1 year high of $106.98.

Hasbro (NASDAQ:HAS) last issued 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 business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.07 billion. Hasbro had a return on equity of 141.11% and a net margin of 15.97%.Hasbro’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, analysts forecast that Hasbro, Inc. will post 6.13 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be issued a $0.70 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.0%. Hasbro’s dividend payout ratio is currently 50.36%.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. JPMorgan Chase & Co. decreased their price target on shares of Hasbro from $125.00 to $111.00 and set an “overweight” rating for the company in a report on Wednesday, July 22nd. Wells Fargo & Company dropped their price objective on shares of Hasbro from $92.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Tuesday, June 9th. Morgan Stanley increased their target price on shares of Hasbro from $122.00 to $123.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. Bank of America decreased their target price on shares of Hasbro from $115.00 to $105.00 and set a “buy” rating for the company in a research note on Thursday, July 16th. Finally, UBS Group reaffirmed a “buy” rating and issued a $120.00 price target on shares of Hasbro in a research note on Monday. Twelve research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Hasbro currently has an average rating of “Moderate Buy” and a consensus target price of $109.07.

Hasbro News Roundup

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: Brokerages maintain a consensus “Moderate Buy” rating, with an average price target of $109.07 versus recent trading levels. Twelve analysts rate Hasbro a Buy, compared with three Holds and one Sell. Hasbro receives Moderate Buy consensus
• Positive Sentiment: Wizards of the Coast unveiled new Dungeons & Dragons initiatives, including a World of Warcraft crossover launching in November, along with planned Dark Sun and Star Wars experiences. The announcements could strengthen Hasbro’s licensing, gaming and fan-engagement opportunities. Dungeons and Dragons announcements
• Positive Sentiment: Hasbro prevailed in a long-running copyright dispute involving Peppa Pig and Vietnam’s Wolfoo, protecting an important intellectual-property asset and potentially limiting unauthorized competition. Peppa Pig copyright case
• Positive Sentiment: New Transformers: Age of the Primes action figures provide additional product support for one of Hasbro’s major brands. Transformers action figures
• Neutral Sentiment: Hasbro declared a quarterly dividend of $0.70, or $2.80 annually, representing an approximately 3% yield. The dividend is payable September 2 to shareholders of record August 19.
• Negative Sentiment: Insider selling may weigh on sentiment: CFO Gina Goetter sold 11,000 shares for about $1.05 million, while John Hight sold 3,186 shares for roughly $299,000. Timothy J. Kilpin also sold 20,000 shares, although that transaction was reported as being to cover tax withholding on vested equity awards. Hasbro insider sales

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. CYBER HORNET ETFs LLC acquired a new stake in Hasbro in the 2nd quarter worth approximately $25,000. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Hasbro in the fourth quarter worth $27,000. MUFG Securities EMEA plc bought a new stake in shares of Hasbro during the 2nd quarter worth $28,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in Hasbro by 1,190.0% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 387 shares of the company’s stock valued at $32,000 after buying an additional 357 shares during the last quarter. Finally, Cedar Mountain Advisors LLC bought a new position in Hasbro in the 1st quarter worth $37,000. 91.83% of the stock is owned by institutional investors.

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.