Hasbro (NASDAQ:HAS) CFO Gina Goetter Sells 7,262 Shares of Stock

Hasbro, Inc. (NASDAQ:HAS) CFO Gina Goetter sold 7,262 shares of Hasbro stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $118.99, for a total value of $864,105.38. Following the completion of the transaction, the chief financial officer owned 72,577 shares of the company’s stock, valued at $8,635,937.23. The trade was a 9.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Hasbro Stock Performance

Shares of Hasbro stock opened at $117.97 on Wednesday. The business has a 50-day simple moving average of $97.32 and a 200-day simple moving average of $92.68. The company has a debt-to-equity ratio of 2.79, a quick ratio of 1.24 and a current ratio of 1.40. Hasbro, Inc. has a one year low of $74.78 and a one year high of $121.04. The company has a market cap of $16.50 billion, a PE ratio of 17.63, a P/E/G ratio of 1.53 and a beta of 0.36.

Hasbro (NASDAQ:HAS) last issued its earnings results on Tuesday, October 20th. The company reported $2.90 earnings per share for the quarter, beating the consensus estimate of $1.86 by $1.04. Hasbro had a net margin of 18.44% and a return on equity of 140.60%. The firm had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter last year, the company earned $1.68 earnings per share. The firm’s revenue was up 15.0% compared to the same quarter last year. On average, equities research analysts forecast that Hasbro, Inc. will post 6.69 EPS for the current fiscal year.

Hasbro Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 2nd. Stockholders of record on Wednesday, November 18th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Wednesday, November 18th. Hasbro’s dividend payout ratio (DPR) is presently 41.85%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Wells Fargo & Company boosted their target price on shares of Hasbro from $90.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 21st. DA Davidson cut their price target on Hasbro from $100.00 to $95.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 22nd. The Goldman Sachs Group decreased their price target on Hasbro from $117.00 to $115.00 and set a “buy” rating for the company in a report on Monday, September 21st. BNP Paribas Exane reaffirmed an “outperform” rating and set a $127.00 price objective (up from $116.00) on shares of Hasbro in a research report on Wednesday, October 21st. Finally, Jefferies Financial Group lowered their price objective on Hasbro from $120.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $114.93.

Institutional Investors Weigh In On Hasbro

Several large investors have recently modified their holdings of the company. Community Bank N.A. acquired a new position in shares of Hasbro in the 2nd quarter valued at $26,000. Retirement Wealth Solutions LLC raised its position in Hasbro by 1,741.2% in the 3rd 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 last quarter. Pension & Wealth Management Advisors Inc. purchased a new stake in Hasbro in the 3rd quarter valued at $27,000. Thurston Springer Miller Herd & Titak Inc. raised its position 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 purchasing an additional 357 shares during the last quarter. Finally, Cedar Mountain Advisors LLC acquired a new stake in Hasbro during the 1st quarter worth $37,000. 91.83% of the stock is owned by institutional investors and hedge funds.

About Hasbro

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.