Hasbro, Inc. (NASDAQ:HAS) Director Alan G. Hassenfeld sold 262,177 shares of Hasbro stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $95.04, for a total value of $24,917,302.08. Following the transaction, the director now directly owns 29,140 shares of the company’s stock, valued at approximately $2,769,465.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Hasbro, Inc. (NASDAQ:HAS) opened at 94.84 on Friday. The stock’s 50 day moving average is $97.86 and its 200-day moving average is $102.06. Hasbro, Inc. has a 1-year low of $76.14 and a 1-year high of $116.20. The firm has a market cap of $11.86 billion, a P/E ratio of 20.54 and a beta of 0.92.
Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Monday, July 24th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.07. The firm had revenue of $972.51 million during the quarter, compared to the consensus estimate of $974.19 million. Hasbro had a return on equity of 32.24% and a net margin of 11.44%. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.41 EPS. Analysts forecast that Hasbro, Inc. will post $5.07 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 2.40%. The ex-dividend date is Tuesday, October 31st. Hasbro’s dividend payout ratio is currently 49.35%.
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HAS has been the subject of several research reports. BidaskClub downgraded Hasbro from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 30th. DA Davidson reaffirmed a “buy” rating and set a $118.00 price target on shares of Hasbro in a research note on Tuesday, May 23rd. Zacks Investment Research raised Hasbro from a “hold” rating to a “buy” rating and set a $113.00 price target for the company in a research note on Monday, May 22nd. Jefferies Group LLC initiated coverage on Hasbro in a research note on Thursday, June 8th. They set a “buy” rating and a $125.00 price target for the company. Finally, Argus began coverage on Hasbro in a research note on Friday, June 16th. They set a “buy” rating and a $128.00 price target for the company. Ten equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Hasbro has an average rating of “Hold” and a consensus price target of $107.27.
A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in Hasbro by 5.7% in the 2nd quarter. Vanguard Group Inc. now owns 12,882,037 shares of the company’s stock worth $1,436,475,000 after acquiring an additional 695,231 shares in the last quarter. BlackRock Inc. lifted its stake in Hasbro by 7.6% in the 2nd quarter. BlackRock Inc. now owns 9,880,626 shares of the company’s stock worth $1,101,787,000 after acquiring an additional 700,898 shares in the last quarter. Bank of America Corp DE lifted its stake in Hasbro by 2.4% in the 1st quarter. Bank of America Corp DE now owns 5,474,161 shares of the company’s stock worth $546,431,000 after acquiring an additional 127,849 shares in the last quarter. State Street Corp lifted its stake in Hasbro by 1.0% in the 1st quarter. State Street Corp now owns 5,013,445 shares of the company’s stock worth $500,457,000 after acquiring an additional 49,888 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its stake in Hasbro by 1.0% in the 2nd quarter. Wells Fargo & Company MN now owns 2,767,920 shares of the company’s stock worth $308,649,000 after acquiring an additional 26,350 shares in the last quarter. 79.69% of the stock is owned by hedge funds and other institutional investors.
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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