Hasbro (NASDAQ:HAS) CEO Sells $19,705,915.63 in Stock

Hasbro, Inc. (NASDAQ:HAS) CEO Christian Cocks sold 196,411 shares of Hasbro stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $100.33, for a total value of $19,705,915.63. Following the sale, the chief executive officer directly owned 303,310 shares of the company’s stock, valued at $30,431,092.30. This represents a 39.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Hasbro Stock Performance

Shares of HAS stock traded down $0.54 on Monday, hitting $99.05. The company’s stock had a trading volume of 1,782,694 shares, compared to its average volume of 2,059,340. The company has a debt-to-equity ratio of 4.89, a quick ratio of 1.24 and a current ratio of 1.38. The stock’s 50 day moving average is $91.32 and its 200-day moving average is $82.81. Hasbro, Inc. has a fifty-two week low of $49.00 and a fifty-two week high of $106.98. The company has a market capitalization of $13.93 billion, a PE ratio of -42.15, a PEG ratio of 1.72 and a beta of 0.56.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Tuesday, February 10th. The company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.52. Hasbro had a negative net margin of 6.86% and a positive return on equity of 127.21%. The firm’s revenue was up 31.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.46 earnings per share. Equities research analysts expect that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 4th. Stockholders of record on Wednesday, February 18th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, February 18th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.8%. Hasbro’s payout ratio is -119.15%.

Hedge Funds Weigh In On Hasbro

A number of large investors have recently bought and sold shares of HAS. Huntington National Bank raised its stake in shares of Hasbro by 10.2% in the fourth quarter. Huntington National Bank now owns 1,233 shares of the company’s stock worth $101,000 after buying an additional 114 shares during the period. Personal CFO Solutions LLC raised its position in shares of Hasbro by 3.9% during the 4th quarter. Personal CFO Solutions LLC now owns 3,666 shares of the company’s stock valued at $301,000 after buying an additional 137 shares in the last quarter. Signaturefd LLC increased its position in shares of Hasbro by 6.4% during the 4th quarter. Signaturefd LLC now owns 2,268 shares of the company’s stock valued at $186,000 after purchasing an additional 137 shares during the last quarter. United Capital Financial Advisors LLC lifted its holdings in shares of Hasbro by 2.2% in the 3rd quarter. United Capital Financial Advisors LLC now owns 6,500 shares of the company’s stock worth $493,000 after acquiring an additional 139 shares during the last quarter. Finally, Clarius Group LLC boosted its position in shares of Hasbro by 0.6% during the third quarter. Clarius Group LLC now owns 23,283 shares of the company’s stock valued at $1,766,000 after buying an additional 146 shares during the period. 91.83% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on HAS shares. Wolfe Research boosted their price objective on Hasbro from $90.00 to $124.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. Morgan Stanley boosted their target price on shares of Hasbro from $103.00 to $119.00 and gave the stock an “overweight” rating in a report on Wednesday, February 11th. BNP Paribas Exane began coverage on shares of Hasbro in a research report on Wednesday, February 25th. They issued an “outperform” rating and a $118.00 price target for the company. JPMorgan Chase & Co. lifted their price target on shares of Hasbro from $94.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday, February 11th. Finally, Monness Crespi & Hardt boosted their price objective on shares of Hasbro from $90.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Eleven research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $114.08.

About Hasbro

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.