Hasbro, Inc. (NASDAQ:HAS – Get Free Report) CFO Gina Goetter sold 7,262 shares of Hasbro stock in a transaction that occurred on Monday, November 2nd. The stock was 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 directly owned 72,577 shares in the company, valued at approximately $8,635,937.23. This represents a 9.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Hasbro Stock Up 3.1%
Shares of HAS stock opened at $121.58 on Thursday. Hasbro, Inc. has a 12 month low of $74.78 and a 12 month high of $122.51. The firm has a market cap of $17.00 billion, a PE ratio of 18.17, a price-to-earnings-growth ratio of 1.53 and a beta of 0.36. The stock has a 50 day moving average of $97.82 and a 200-day moving average of $92.85. The company has a quick ratio of 1.24, a current ratio of 1.40 and a debt-to-equity ratio of 2.79.
Hasbro (NASDAQ:HAS – Get Free Report) last announced its quarterly earnings data on Tuesday, October 20th. The company reported $2.90 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter last year, the company posted $1.68 earnings per share. Hasbro’s quarterly revenue was up 15.0% on a year-over-year basis. On average, equities analysts predict that Hasbro, Inc. will post 6.69 EPS for the current year.
Hasbro Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 2nd. Shareholders of record on Wednesday, November 18th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $2.80 dividend on an annualized basis and a yield of 2.3%. Hasbro’s dividend payout ratio is 41.85%.
Institutional Investors Weigh In On Hasbro
A number of institutional investors have recently bought and sold shares of the business. Hsbc Holdings PLC boosted its stake in shares of Hasbro by 104.5% in the 2nd quarter. Hsbc Holdings PLC now owns 798,597 shares of the company’s stock valued at $66,071,000 after purchasing an additional 408,015 shares in the last quarter. Focus Partners Advisor Solutions LLC bought a new stake in shares of Hasbro in the 2nd quarter worth about $758,000. NewEdge Advisors LLC increased its position in shares of Hasbro by 621.3% during the 2nd quarter. NewEdge Advisors LLC now owns 494,060 shares of the company’s stock worth $40,804,000 after purchasing an additional 425,562 shares in the last quarter. Corient Private Wealth LP increased its position in shares of Hasbro by 48.2% during the 2nd quarter. Corient Private Wealth LP now owns 36,521 shares of the company’s stock worth $3,016,000 after purchasing an additional 11,873 shares in the last quarter. Finally, California State Teachers Retirement System lifted its holdings in Hasbro by 24.5% during the 1st quarter. California State Teachers Retirement System now owns 156,866 shares of the company’s stock valued at $14,683,000 after purchasing an additional 30,825 shares during the last quarter. Institutional investors and hedge funds own 91.83% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on HAS shares. Weiss Ratings upgraded shares of Hasbro from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday. UBS Group increased their target price on shares of Hasbro from $120.00 to $137.00 and gave the company a “buy” rating in a research note on Wednesday, October 28th. Citigroup increased their target price on shares of Hasbro from $117.00 to $137.00 and gave the company a “buy” rating in a research note on Wednesday, October 21st. Zacks Research raised Hasbro from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 22nd. Finally, Argus boosted their price target on Hasbro from $90.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $114.93.
Get Our Latest Research Report on Hasbro
Key Stories Impacting Hasbro
Here are the key news stories impacting Hasbro this week:
- Positive Sentiment: Maya Hawke has joined Legendary and Hasbro’s live-action Magic: The Gathering movie in a major role. The casting raises the project’s profile and could support Hasbro’s efforts to extend a key game franchise into entertainment and licensing, but the film is still a longer-term opportunity. Maya Hawke Boards ‘Magic: The Gathering’ Movie From Legendary And Hasbro
- Positive Sentiment: Zacks added HAS to its Rank #1 (Strong Buy) growth-stock list, reflecting a favorable quantitative view that may support investor sentiment. Best Growth Stocks to Buy for November 3rd
- Neutral Sentiment: CFO Gina Goetter sold 7,262 shares for about $864,000 under a pre-arranged Rule 10b5-1 plan. The planned nature of the sale and her remaining 72,577 shares temper the signal, though insider selling can draw investor attention. SEC filing
Hasbro Company Profile
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.
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