Hasbro, Inc. (HAS) To Go Ex-Dividend on February 18th

Hasbro, Inc. (NASDAQ:HAS) declared a quarterly dividend on Tuesday, February 10th. Shareholders of record on Wednesday, February 18th will be paid a dividend of 0.70 per share on Wednesday, March 4th. This represents a c) annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Wednesday, February 18th.

Hasbro has raised its dividend by an average of 0.0%annually over the last three years. Hasbro has a dividend payout ratio of 60.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Hasbro to earn $4.98 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 56.2%.

Hasbro Trading Up 1.8%

NASDAQ:HAS opened at $105.91 on Thursday. Hasbro has a one year low of $49.00 and a one year high of $106.71. The company has a debt-to-equity ratio of 4.89, a quick ratio of 1.42 and a current ratio of 1.38. The firm has a market cap of $14.86 billion, a P/E ratio of -45.07, a P/E/G ratio of 1.86 and a beta of 0.56. The firm has a 50-day simple moving average of $86.69 and a 200-day simple moving average of $80.76.

Hasbro (NASDAQ:HAS) last released 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. The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.26 billion. Hasbro had a negative net margin of 6.86% and a positive return on equity of 127.21%. The company’s quarterly revenue was up 31.3% on a year-over-year basis. During the same period last year, the firm earned $0.46 earnings per share. Equities analysts anticipate that Hasbro will post 4.33 EPS for the current fiscal year.

Institutional Investors Weigh In On Hasbro

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CYBER HORNET ETFs LLC purchased a new stake in shares of Hasbro during the second quarter worth about $25,000. MUFG Securities EMEA plc acquired a new stake in shares of Hasbro in the second quarter worth approximately $28,000. First Horizon Corp purchased a new stake in shares of Hasbro during the third quarter worth $29,000. Foster Dykema Cabot & Partners LLC purchased a new stake in Hasbro during the 3rd quarter valued at about $34,000. Finally, Pittenger & Anderson Inc. purchased a new stake in shares of Hasbro in the second quarter valued at approximately $35,000. Hedge funds and other institutional investors own 91.83% of the company’s stock.

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.