Alan G. Hassenfeld Sells 276 Shares of Hasbro, Inc. (HAS) Stock
Hasbro, Inc. (NASDAQ:HAS) Director Alan G. Hassenfeld sold 276 shares of Hasbro stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $99.52, for a total transaction of $27,467.52. Following the transaction, the director now owns 29,140 shares of the company’s stock, valued at approximately $2,900,012.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Hasbro, Inc. (NASDAQ HAS) traded down 0.98% during midday trading on Friday, reaching $96.21. 433,075 shares of the company were exchanged. The stock has a market capitalization of $12.03 billion, a price-to-earnings ratio of 20.84 and a beta of 0.90. The firm’s 50-day moving average price is $107.06 and its 200 day moving average price is $101.86. Hasbro, Inc. has a 52-week low of $76.14 and a 52-week high of $116.20.
Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Monday, July 24th. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.07. Hasbro had a net margin of 11.44% and a return on equity of 32.24%. The company had revenue of $972.51 million during the quarter, compared to analyst estimates of $974.19 million. During the same period in the prior year, the firm earned $0.41 earnings per share. The business’s quarterly revenue was up 10.6% on a year-over-year basis. Equities analysts predict that Hasbro, Inc. will post $5.07 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date is Tuesday, October 31st. Hasbro’s dividend payout ratio is presently 49.35%.
HAS has been the subject of a number of research reports. Jefferies Group LLC initiated coverage on shares of Hasbro in a research report on Thursday, June 8th. They set a “buy” rating and a $125.00 target price for the company. Zacks Investment Research upgraded shares of Hasbro from a “hold” rating to a “buy” rating and set a $117.00 target price for the company in a research report on Thursday, June 1st. DA Davidson restated a “buy” rating and set a $118.00 target price on shares of Hasbro in a research report on Tuesday, May 23rd. Argus assumed coverage on shares of Hasbro in a research report on Friday, June 16th. They set a “buy” rating and a $128.00 target price for the company. Finally, BidaskClub downgraded shares of Hasbro from a “strong-buy” rating to a “buy” rating in a report on Friday, June 30th. Nine investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $105.69.
Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Hasbro by 5.7% in the second quarter. Vanguard Group Inc. now owns 12,882,037 shares of the company’s stock worth $1,436,475,000 after buying an additional 695,231 shares during the period. BlackRock Inc. raised its stake in Hasbro by 7.6% in the second quarter. BlackRock Inc. now owns 9,880,626 shares of the company’s stock worth $1,101,787,000 after buying an additional 700,898 shares during the period. Bank of America Corp DE raised its stake in Hasbro by 2.4% in the first quarter. Bank of America Corp DE now owns 5,474,161 shares of the company’s stock worth $546,431,000 after buying an additional 127,849 shares during the period. State Street Corp raised its stake in Hasbro by 1.0% in the first quarter. State Street Corp now owns 5,013,445 shares of the company’s stock worth $500,457,000 after buying an additional 49,888 shares during the period. Finally, Wells Fargo & Company MN raised its stake in Hasbro by 1.0% in the second quarter. Wells Fargo & Company MN now owns 2,767,920 shares of the company’s stock worth $308,649,000 after buying an additional 26,350 shares during the period. 79.23% of the stock is owned by institutional investors and hedge funds.
Hasbro, Inc (Hasbro) is a play and entertainment company. The Company’s operating segments include the U.S. and Canada, International, and Entertainment and Licensing. From toys and games to content development, including television programming, motion pictures, digital gaming and a consumer products licensing program, Hasbro fulfills the fundamental need for play and connection for children and families around the world.
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