Gina Goetter Sells 11,000 Shares of Hasbro (NASDAQ:HAS) Stock

Hasbro, Inc. (NASDAQ:HAS) CFO Gina Goetter sold 11,000 shares of Hasbro stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $95.44, for a total value of $1,049,840.00. Following the completion of the sale, the chief financial officer directly owned 88,104 shares of the company’s stock, valued at $8,408,645.76. This trade represents a 11.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Hasbro Trading Down 0.7%

HAS stock opened at $94.53 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 twelve month low of $69.50 and a twelve month high of $106.98. The company has a market cap of $13.38 billion, a P/E ratio of 17.00, a PEG 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.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Tuesday, July 21st. The company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.12. The business 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 firm’s quarterly revenue was up 16.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.30 earnings per share. As a group, equities research analysts expect that Hasbro, Inc. will post 6.13 EPS for the current 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 paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Wednesday, August 19th. Hasbro’s dividend payout ratio (DPR) is 50.36%.

Analyst Upgrades and Downgrades

HAS has been the subject of a number of recent research reports. UBS Group reissued a “buy” rating and set a $120.00 price target on shares of Hasbro in a research note on Monday. Roth Capital reaffirmed a “buy” rating on shares of Hasbro in a research note on Wednesday, July 22nd. Zacks Research lowered shares of Hasbro from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. Jefferies Financial Group dropped their target price on shares of Hasbro from $120.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday, July 16th. Finally, Wall Street Zen downgraded Hasbro from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. Twelve research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $109.07.

Institutional Trading of Hasbro

A number of hedge funds have recently modified their holdings of the company. Huntington National Bank raised its stake in Hasbro by 10.2% during the 4th quarter. Huntington National Bank now owns 1,233 shares of the company’s stock worth $101,000 after buying an additional 114 shares during the period. Marathon Mission Inc. grew its stake in Hasbro by 1.4% in the second quarter. Marathon Mission Inc. now owns 9,152 shares of the company’s stock valued at $756,000 after acquiring an additional 128 shares during the period. Signaturefd LLC increased its holdings in shares of Hasbro by 6.4% in the fourth quarter. Signaturefd LLC now owns 2,268 shares of the company’s stock worth $186,000 after acquiring an additional 137 shares in the last quarter. Personal CFO Solutions LLC increased its holdings in shares of Hasbro by 3.9% in the fourth quarter. Personal CFO Solutions LLC now owns 3,666 shares of the company’s stock worth $301,000 after acquiring an additional 137 shares in the last quarter. Finally, Severin Investments LLC raised its position in shares of Hasbro by 3.1% during the first quarter. Severin Investments LLC now owns 4,595 shares of the company’s stock worth $430,000 after purchasing an additional 137 shares during the period. 91.83% of the stock is currently owned by institutional investors and hedge funds.

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.