Hasbro (NASDAQ:HAS) Insider John Hight Sells 3,186 Shares of Stock

Hasbro, Inc. (NASDAQ:HAS) insider John Hight sold 3,186 shares of the company’s stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $93.71, for a total value of $298,560.06. Following the sale, the insider owned 67,557 shares of the company’s stock, valued at $6,330,766.47. This trade represents a 4.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Hasbro Stock Performance

NASDAQ:HAS opened at $94.53 on Friday. The firm’s fifty day moving average price is $84.36 and its 200 day moving average price is $90.58. Hasbro, Inc. has a 1-year low of $69.50 and a 1-year high of $106.98. The company has a debt-to-equity ratio of 4.16, a current ratio of 1.66 and a quick ratio of 1.46. The firm has a market cap of $13.38 billion, a price-to-earnings ratio of 17.00, a price-to-earnings-growth ratio of 1.75 and a beta of 0.49.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Tuesday, July 21st. The company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.12. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.07 billion. Hasbro had a net margin of 15.97% and a return on equity of 141.11%. Hasbro’s quarterly revenue was up 16.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.30 EPS. On average, sell-side analysts expect that Hasbro, Inc. will post 6.13 EPS for the current year.

Hasbro Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Wednesday, August 19th. Hasbro’s dividend payout ratio is currently 50.36%.

Analysts Set New Price Targets

HAS has been the subject of a number of analyst reports. Roth Capital reissued a “buy” rating on shares of Hasbro in a research note on Wednesday, July 22nd. Citigroup reaffirmed a “buy” rating on shares of Hasbro in a report on Thursday, July 23rd. UBS Group reiterated a “buy” rating and issued a $120.00 price objective on shares of Hasbro in a research report on Monday. Zacks Research lowered shares of Hasbro from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. Finally, Jefferies Financial Group lowered their price target on shares of Hasbro from $120.00 to $110.00 and set a “buy” rating on the stock in a research note on Thursday, July 16th. Twelve investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $109.07.

Institutional Investors Weigh In On Hasbro

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Hasbro by 2.7% during the fourth quarter. Vanguard Group Inc. now owns 16,976,679 shares of the company’s stock worth $1,392,088,000 after purchasing an additional 453,038 shares during the last quarter. State Street Corp grew its holdings in Hasbro by 2.1% in the second quarter. State Street Corp now owns 6,508,052 shares of the company’s stock valued at $480,424,000 after purchasing an additional 131,678 shares during the last quarter. AQR Capital Management LLC grew its holdings in Hasbro by 47.3% in the fourth quarter. AQR Capital Management LLC now owns 4,357,147 shares of the company’s stock valued at $357,286,000 after purchasing an additional 1,399,499 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Hasbro by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 3,661,020 shares of the company’s stock valued at $299,700,000 after buying an additional 122,592 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of Hasbro by 21.9% in the third quarter. Bank of America Corp DE now owns 3,633,213 shares of the company’s stock valued at $275,579,000 after buying an additional 651,790 shares in the last quarter. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro Company Profile

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.