Hasbro (NASDAQ:HAS) CFO Sells $864,105.38 in Stock

Hasbro, Inc. (NASDAQ:HAS – Get Free Report) CFO Gina Goetter sold 7,262 shares of the stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $118.99, for a total transaction of $864,105.38. Following the completion of the sale, the chief financial officer directly owned 72,577 shares of the company’s stock, valued at $8,635,937.23. This trade represents a 9.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Hasbro Price Performance

HAS opened at $119.54 on Friday. Hasbro, Inc. has a twelve month low of $74.78 and a twelve month high of $124.00. The company has a current ratio of 1.40, a quick ratio of 1.24 and a debt-to-equity ratio of 2.79. The firm has a market cap of $16.72 billion, a price-to-earnings ratio of 16.98, a PEG ratio of 1.58 and a beta of 0.36. The company has a fifty day simple moving average of $98.29 and a 200 day simple moving average of $93.02.

Hasbro (NASDAQ:HAS – Get Free Report) last released its quarterly earnings results on Tuesday, October 20th. The company reported $2.90 EPS for the quarter, topping the consensus estimate of $1.86 by $1.04. The business had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Hasbro had a return on equity of 140.60% and a net margin of 18.44%. The company’s revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.68 earnings per share. Equities research analysts expect that Hasbro, Inc. will post 6.69 EPS for the current fiscal year.

Hasbro Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 2nd. Investors of record on Wednesday, November 18th will be paid a dividend of $0.70 per share. The ex-dividend date is Wednesday, November 18th. This represents a $2.80 annualized dividend and a yield of 2.3%. Hasbro’s dividend payout ratio (DPR) is 41.85%.

Key Headlines Impacting Hasbro

Here are the key news stories impacting Hasbro this week:

Institutional Investors Weigh In On Hasbro

Institutional investors and hedge funds have recently bought and sold shares of the business. Fifth Third Bancorp lifted its position in shares of Hasbro by 50.7% in the third quarter. Fifth Third Bancorp now owns 124,420 shares of the company’s stock worth $10,909,000 after buying an additional 41,838 shares during the last quarter. Maryland State Retirement & Pension System boosted its position in Hasbro by 22.4% during the third quarter. Maryland State Retirement & Pension System now owns 8,559 shares of the company’s stock worth $750,000 after purchasing an additional 1,568 shares during the period. Jacobi Capital Management LLC lifted its stake in shares of Hasbro by 5.2% in the third quarter. Jacobi Capital Management LLC now owns 9,163 shares of the company’s stock worth $803,000 after buying an additional 451 shares during the last quarter. Machina Capital S.A.S. boosted its holdings in shares of Hasbro by 20.2% during the 3rd quarter. Machina Capital S.A.S. now owns 5,920 shares of the company’s stock worth $519,000 after buying an additional 994 shares during the period. Finally, Illinois Municipal Retirement Fund lifted its position in Hasbro by 0.5% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 79,943 shares of the company’s stock worth $7,009,000 after acquiring an additional 402 shares during the last quarter. 91.83% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on HAS shares. BNP Paribas Exane reiterated an “outperform” rating and set a $127.00 price objective (up from $116.00) on shares of Hasbro in a research note on Wednesday, October 21st. JPMorgan Chase & Co. dropped their target price on Hasbro from $125.00 to $111.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 22nd. Citigroup raised their target price on Hasbro from $117.00 to $137.00 and gave the company a “buy” rating in a research note on Wednesday, October 21st. Argus boosted their target price on shares of Hasbro from $90.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Finally, The Goldman Sachs Group cut their price target on Hasbro from $117.00 to $115.00 and set a “buy” rating on the stock in a report on Monday, September 21st. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $114.93.

View Our Latest Research Report on Hasbro

Hasbro Company Profile

(Get Free Report)

Hasbro, Inc is a global branded entertainment company that develops and markets toys, games, entertainment experiences and consumer products. Its portfolio includes well-known brands such as Monopoly, Play-Doh, Transformers, Nerf, My Little Pony, Dungeons & Dragons and Magic: The Gathering.

The company serves consumers through a range of channels, including retail, e-commerce, digital gaming, entertainment content and licensing. Hasbro also works with third-party partners to extend its brands into film and television, apparel, publishing and other consumer products.

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Insider Buying and Selling by Quarter for Hasbro (NASDAQ:HAS)

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