Gina Goetter Sells 8,265 Shares of Hasbro (NASDAQ:HAS) Stock

Hasbro, Inc. (NASDAQ:HAS) CFO Gina Goetter sold 8,265 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $93.96, for a total value of $776,579.40. Following the transaction, the chief financial officer owned 79,839 shares in the company, valued at $7,501,672.44. This represents a 9.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Hasbro Trading Down 0.6%

HAS opened at $93.94 on Friday. 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 52 week low of $69.50 and a 52 week high of $106.98. The business’s 50 day moving average is $84.47 and its two-hundred day moving average is $90.61. The firm has a market cap of $13.29 billion, a price-to-earnings ratio of 16.90, a price-to-earnings-growth ratio of 1.73 and a beta of 0.49.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Tuesday, July 21st. The company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.12. The business had revenue of $1.14 billion during 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%.The company’s revenue was up 16.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.30 earnings per share. On average, research analysts predict that Hasbro, Inc. will post 6.13 EPS for the current year.

Hasbro Dividend Announcement

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

More Hasbro News

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

Several large investors have recently added to or reduced their stakes in HAS. Wedge Capital Management L L P NC increased its position in Hasbro by 14.7% during the 2nd quarter. Wedge Capital Management L L P NC now owns 414,717 shares of the company’s stock worth $34,251,000 after purchasing an additional 53,212 shares during the period. Tema ETFs LLC raised its stake in shares of Hasbro by 7.1% during the 2nd quarter. Tema ETFs LLC now owns 2,183 shares of the company’s stock worth $180,000 after buying an additional 145 shares in the last quarter. Handelsbanken Fonder AB lifted its holdings in shares of Hasbro by 8.2% in the 2nd quarter. Handelsbanken Fonder AB now owns 42,000 shares of the company’s stock valued at $3,469,000 after buying an additional 3,200 shares during the period. Salvus Wealth Management LLC lifted its holdings in shares of Hasbro by 14.9% in the 2nd quarter. Salvus Wealth Management LLC now owns 5,297 shares of the company’s stock valued at $437,000 after buying an additional 687 shares during the period. Finally, Bay Rivers Group boosted its stake in shares of Hasbro by 29.2% in the second quarter. Bay Rivers Group now owns 3,275 shares of the company’s stock valued at $270,000 after buying an additional 740 shares in the last quarter. 91.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on HAS shares. JPMorgan Chase & Co. dropped their price objective on shares of Hasbro from $125.00 to $111.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 22nd. Weiss Ratings raised Hasbro from a “sell (d+)” rating to a “hold (c+)” rating in a report on Friday. UBS Group restated a “buy” rating and issued a $120.00 price target on shares of Hasbro in a research report on Monday, July 27th. Argus increased their price objective on Hasbro from $90.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Finally, Wells Fargo & Company lowered their target price on Hasbro from $92.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Tuesday, June 9th. Twelve 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 stock has a consensus rating of “Moderate Buy” and a consensus price target of $109.07.

About Hasbro

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.