Hasbro, Inc. (NASDAQ:HAS) Director Sells $23,001,385.57 in Stock
Hasbro, Inc. (NASDAQ:HAS) Director Alan G. Hassenfeld sold 216,851 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $106.07, for a total value of $23,001,385.57. Following the completion of the transaction, the director now directly owns 29,140 shares in the company, valued at $3,090,879.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Hasbro, Inc. (NASDAQ:HAS) opened at 103.49 on Friday. Hasbro, Inc. has a 1-year low of $76.14 and a 1-year high of $116.20. The company has a market cap of $12.96 billion, a P/E ratio of 22.41 and a beta of 0.90. The firm has a 50-day moving average price of $110.57 and a 200-day moving average price of $100.83.
Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Monday, July 24th. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.46 by $0.07. Hasbro had a return on equity of 32.24% and a net margin of 11.44%. The firm had revenue of $972.51 million during the quarter, compared to analysts’ expectations of $974.19 million. During the same quarter last year, the firm earned $0.41 earnings per share. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. On average, equities analysts expect that Hasbro, Inc. will post $5.04 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be paid a dividend of $0.57 per share. The ex-dividend date is Tuesday, October 31st. This represents a $2.28 annualized dividend and a yield of 2.20%. Hasbro’s dividend payout ratio (DPR) is 49.35%.
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Several research analysts have issued reports on the company. Barclays PLC dropped their target price on Hasbro from $109.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 26th. Stifel Nicolaus reissued a “hold” rating and issued a $100.00 target price (up from $95.00) on shares of Hasbro in a research report on Tuesday, April 25th. B. Riley started coverage on Hasbro in a research report on Sunday, April 9th. They issued a “neutral” rating and a $111.00 target price on the stock. Zacks Investment Research cut Hasbro from a “buy” rating to a “hold” rating in a research report on Friday, May 19th. Finally, Jefferies Group LLC started coverage on Hasbro in a research report on Thursday, June 8th. They set a “buy” rating and a $125.00 price objective on the stock. Nine research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $106.69.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in HAS. Acrospire Investment Management LLC raised its position in Hasbro by 11.1% in the first quarter. Acrospire Investment Management LLC now owns 1,000 shares of the company’s stock valued at $100,000 after buying an additional 100 shares in the last quarter. Oakworth Capital Inc. raised its position in Hasbro by 291.0% in the first quarter. Oakworth Capital Inc. now owns 1,126 shares of the company’s stock worth $113,000 after buying an additional 838 shares during the period. YorkBridge Wealth Partners LLC raised its position in Hasbro by 337.1% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,132 shares of the company’s stock worth $113,000 after buying an additional 873 shares during the period. TrimTabs Asset Management LLC bought a new position in Hasbro during the first quarter worth about $119,000. Finally, Meeder Asset Management Inc. bought a new position in Hasbro during the first quarter worth about $131,000. Institutional investors and hedge funds own 78.34% of the company’s stock.
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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