Hasbro (NASDAQ:HAS) Insider Sells 3,186 Shares of Stock

Hasbro, Inc. (NASDAQ:HAS) insider John Hight sold 3,186 shares of the company’s stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $93.71, for a total value of $298,560.06. Following the sale, the insider owned 67,557 shares in the company, valued at $6,330,766.47. The trade was a 4.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Hasbro Stock Down 0.7%

Shares of NASDAQ:HAS traded down $0.64 during trading on Thursday, hitting $94.53. 1,173,731 shares of the company were exchanged, compared to its average volume of 2,019,005. The stock has a market cap of $13.38 billion, a price-to-earnings ratio of 17.00, a P/E/G ratio of 1.77 and a beta of 0.49. Hasbro, Inc. has a fifty-two week low of $69.50 and a fifty-two week high of $106.98. The firm has a fifty day moving average price of $84.27 and a two-hundred day moving average price of $90.53. The company has a current ratio of 1.66, a quick ratio of 1.46 and a debt-to-equity ratio of 4.16.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Tuesday, July 21st. The company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.16 by $0.12. The company 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 firm’s revenue for the quarter was up 16.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.30 EPS. As a group, research analysts anticipate that Hasbro, Inc. will post 6.13 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The company 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. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Wednesday, August 19th. Hasbro’s dividend payout ratio is presently 50.36%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on HAS. Bank of America lowered their price target on Hasbro from $115.00 to $105.00 and set a “buy” rating on the stock in a research report on Thursday, July 16th. Zacks Research cut Hasbro from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. Morgan Stanley lifted their target price on Hasbro from $122.00 to $123.00 and gave the stock an “overweight” rating in a research note on Thursday, May 14th. Roth Capital reissued a “buy” rating on shares of Hasbro in a report on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. dropped their price target on Hasbro from $125.00 to $111.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 22nd. Twelve analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $109.07.

Institutional Inflows and Outflows

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

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.