Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Hasbro (HAS) Stock Price
News articles about Hasbro (NASDAQ:HAS) have trended somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Hasbro earned a news impact score of 0.13 on Accern’s scale. Accern also gave news stories about the company an impact score of 44.4551804772769 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- Watch for Hasbro Inc to Potentially Rebound After Falling 1.05% Yesterday (mysmartrend.com)
- Hasbro Expands All-Star Lineup for First-Ever HASCON with Flo Rida, Maddie Ziegler, Isabela Moner, David Ortiz, Jackie Bradley Jr., Eh Bee Family and the Cast of ‘Stretch … (businesswire.com)
- Stan Lee, James Gunn, ‘Big Papi’ & more headed to HASCON – Hasbro’s upcoming FANmily event (adventuresinpoortaste.com)
- Isabela Moner Confirmed for Hascon (news.tfw2005.com)
- Hasbro Expands All-Star Lineup for First-Ever HASCON FANmily Event (coffeewithkenobi.com)
Hasbro (NASDAQ:HAS) traded down 2.18% during mid-day trading on Thursday, hitting $97.82. 1,223,853 shares of the company’s stock were exchanged. Hasbro has a 52 week low of $76.14 and a 52 week high of $116.20. The stock has a market capitalization of $12.24 billion, a P/E ratio of 21.19 and a beta of 0.90. The firm has a 50 day moving average of $108.92 and a 200 day moving average of $101.36.
Hasbro (NASDAQ:HAS) last posted its earnings results on Monday, July 24th. The company reported $0.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.07. Hasbro had a net margin of 11.44% and a return on equity of 32.24%. The business had revenue of $972.51 million for the quarter, compared to analyst estimates of $974.19 million. During the same quarter in the prior year, the firm earned $0.41 EPS. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. Equities analysts forecast that Hasbro will post $5.07 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 2.33%. The ex-dividend date of this dividend is Tuesday, October 31st. Hasbro’s payout ratio is 49.35%.
Several research firms have recently commented on HAS. BidaskClub raised shares of Hasbro from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 8th. Zacks Investment Research lowered shares of Hasbro from a “buy” rating to a “hold” rating in a report on Friday, May 19th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $107.00 price target (up from $100.00) on shares of Hasbro in a report on Thursday, July 13th. DA Davidson reaffirmed a “buy” rating and issued a $121.00 price target (up from $118.00) on shares of Hasbro in a report on Saturday, July 22nd. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $125.00 price objective on shares of Hasbro in a research report on Friday, July 21st. Nine research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $106.69.
In related news, EVP Wiebe Tinga sold 25,000 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $104.01, for a total transaction of $2,600,250.00. Following the transaction, the executive vice president now owns 85,630 shares in the company, valued at approximately $8,906,376.30. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Thomas J. Jr. Courtney sold 23,201 shares of the company’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $106.51, for a total transaction of $2,471,138.51. Following the transaction, the executive vice president now owns 28,511 shares in the company, valued at approximately $3,036,706.61. The disclosure for this sale can be found here. In the last ninety days, insiders sold 814,917 shares of company stock worth $86,222,617. 11.00% of the stock is owned by insiders.
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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