Insider Selling: Hasbro (NASDAQ:HAS) CFO Sells 2,840 Shares of Company Stock

Hasbro, Inc. (NASDAQ:HAS) CFO Gina Goetter sold 2,840 shares of the company’s stock in a transaction on Tuesday, November 10th. The stock was sold at an average price of $121.04, for a total transaction of $343,753.60. Following the transaction, the chief financial officer owned 69,737 shares of the company’s stock, valued at approximately $8,440,966.48. The trade was a 3.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Hasbro Stock Performance

Shares of HAS stock traded down $0.85 during mid-day trading on Thursday, hitting $123.17. The stock had a trading volume of 202,398 shares, compared to its average volume of 1,983,157. The firm has a market cap of $17.23 billion, a PE ratio of 18.41, a PEG ratio of 1.54 and a beta of 0.36. The company’s 50-day simple moving average is $100.49 and its 200-day simple moving average is $93.70. The company has a debt-to-equity ratio of 2.79, a current ratio of 1.40 and a quick ratio of 1.24. Hasbro, Inc. has a fifty-two week low of $74.78 and a fifty-two week high of $124.62.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Tuesday, October 20th. The company reported $2.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $1.04. The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.48 billion. Hasbro had a net margin of 18.44% and a return on equity of 140.60%. The business’s revenue was up 15.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.68 earnings per share. Sell-side analysts anticipate that Hasbro, Inc. will post 6.85 earnings per share for the current year.

Hasbro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 2nd. Shareholders of record on Wednesday, November 18th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Wednesday, November 18th. Hasbro’s payout ratio is currently 41.85%.

Recent Hasbro Headlines

These are some of the HAS headlines that stood out recently:

• Positive Sentiment: Hasbro is exploring new ways to bring its characters to life with AI and robotics, potentially expanding fan engagement and licensing opportunities. Hasbro Is Using AI to Bring Characters to Life — With Limits Dynamic Creatures partners with Sixth Wall Studio to bring Hasbro characters to life with robots
• Positive Sentiment: A themed Heated Rivalry Monopoly edition has opened for preorders, adding another licensed product opportunity. Hasbro’s Heated Rivalry Monopoly Opens Preorders With Wolf Bird Token
• Neutral Sentiment: HAS gained 28.6% over the past month, outperforming its industry’s 18.5% advance. That momentum is supportive, but the sharp run-up could also prompt some investors to lock in gains. HAS Stock Up 29% in a Month: Time to Lock in Gains or Stay Invested?

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on HAS. UBS Group increased their target price on Hasbro from $120.00 to $137.00 and gave the stock a “buy” rating in a research note on Wednesday, October 28th. DA Davidson decreased their price target on Hasbro from $100.00 to $95.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 22nd. Wells Fargo & Company upped their price objective on Hasbro from $90.00 to $100.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 21st. Weiss Ratings upgraded Hasbro from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, November 2nd. Finally, Citigroup raised their target price on Hasbro from $117.00 to $137.00 and gave the company a “buy” rating in a report on Wednesday, October 21st. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $114.93.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Covestor Ltd boosted its stake in shares of Hasbro by 12.2% during the 3rd quarter. Covestor Ltd now owns 903 shares of the company’s stock worth $79,000 after acquiring an additional 98 shares in the last quarter. Mather Group LLC. raised its holdings in Hasbro by 19.9% during the third quarter. Mather Group LLC. now owns 704 shares of the company’s stock worth $62,000 after purchasing an additional 117 shares during the last quarter. Marathon Mission Inc. raised its holdings in Hasbro by 1.4% during the second quarter. Marathon Mission Inc. now owns 9,152 shares of the company’s stock worth $756,000 after purchasing an additional 128 shares during the last quarter. Tema ETFs LLC raised its holdings in Hasbro by 7.1% during the second quarter. Tema ETFs LLC now owns 2,183 shares of the company’s stock worth $180,000 after purchasing an additional 145 shares during the last quarter. Finally, Hantz Financial Services Inc. boosted its position in Hasbro by 55.1% during the third quarter. Hantz Financial Services Inc. now owns 428 shares of the company’s stock worth $38,000 after purchasing an additional 152 shares in the last quarter. 91.83% of the stock is currently owned by institutional investors and hedge funds.

About Hasbro

Hasbro, Inc. is a global play and entertainment company that develops and sells toys, games and digital experiences, and licenses its brands for consumer products and entertainment. Its portfolio includes Transformers, Play-Doh, Nerf, Monopoly, My Little Pony, Magic: The Gathering and Dungeons & Dragons. Founded in 1923 as Hassenfeld Brothers, the company began as a family business before expanding into toys and games. Hasbro serves consumers in markets around the world through its products, licensing partnerships and digital offerings.