Insider Selling: Hasbro, Inc. (HAS) EVP Sells $2,600,250.00 in Stock
Hasbro, Inc. (NASDAQ:HAS) EVP Wiebe Tinga sold 25,000 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $104.01, for a total value of $2,600,250.00. Following the completion of the sale, the executive vice president now directly owns 85,630 shares in the company, valued at approximately $8,906,376.30. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Hasbro, Inc. (NASDAQ HAS) opened at 103.49 on Monday. Hasbro, Inc. has a 12 month low of $76.14 and a 12 month high of $116.20. The company’s 50-day moving average price is $110.57 and its 200 day moving average price is $100.83. The company has a market capitalization of $12.96 billion, a price-to-earnings ratio of 22.41 and a beta of 0.90.
Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Monday, July 24th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the 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 during the quarter, compared to analyst estimates of $974.19 million. During the same period in the prior year, the business posted $0.41 earnings per share. The company’s revenue was up 10.6% on a year-over-year basis. Analysts forecast that Hasbro, Inc. will post $5.04 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be given 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 payout ratio is 49.35%.
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HAS has been the topic of a number of research analyst reports. DA Davidson reaffirmed a “buy” rating and issued a $118.00 target price on shares of Hasbro in a report on Tuesday, May 23rd. Zacks Investment Research raised Hasbro from a “hold” rating to a “buy” rating and set a $113.00 price objective on the stock in a report on Monday, May 22nd. Jefferies Group LLC began coverage on Hasbro in a report on Thursday, June 8th. They set a “buy” rating and a $125.00 price objective on the stock. Argus began coverage on Hasbro in a report on Friday, June 16th. They set a “buy” rating and a $128.00 price objective on the stock. Finally, BidaskClub downgraded Hasbro from a “strong-buy” rating to a “buy” rating in a report on Friday, June 30th. Nine research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $106.69.
A number of hedge funds have recently bought and sold shares of the stock. Acrospire Investment Management LLC raised its stake in Hasbro by 11.1% in the first quarter. Acrospire Investment Management LLC now owns 1,000 shares of the company’s stock worth $100,000 after buying an additional 100 shares in the last quarter. Oakworth Capital Inc. raised its stake 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 in the last quarter. YorkBridge Wealth Partners LLC raised its stake 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 in the last quarter. TrimTabs Asset Management LLC purchased a new stake in Hasbro during the first quarter worth $119,000. Finally, Meeder Asset Management Inc. purchased a new stake in Hasbro during the first quarter worth $131,000. Institutional investors and hedge funds own 78.23% 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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