Hasbro, Inc. (NASDAQ:HAS) announced a quarterly dividend on Thursday, December 6th, RTT News reports. Investors of record on Friday, February 1st will be given a dividend of 0.63 per share on Friday, February 15th. This represents a $2.52 annualized dividend and a dividend yield of 2.88%.
Hasbro has raised its dividend by an average of 9.5% per year over the last three years and has raised its dividend every year for the last 8 years. Hasbro has a payout ratio of 53.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Hasbro to earn $5.09 per share next year, which means the company should continue to be able to cover its $2.52 annual dividend with an expected future payout ratio of 49.5%.
HAS opened at $87.49 on Friday. Hasbro has a 12 month low of $79.00 and a 12 month high of $109.60. The firm has a market cap of $11.18 billion, a P/E ratio of 16.02, a P/E/G ratio of 1.78 and a beta of 0.95. The company has a quick ratio of 1.95, a current ratio of 2.41 and a debt-to-equity ratio of 0.90.
Several research analysts recently commented on HAS shares. Zacks Investment Research cut Hasbro from a “hold” rating to a “sell” rating in a research note on Thursday, October 4th. MKM Partners lowered their target price on Hasbro to $110.00 and set a “buy” rating for the company in a research note on Tuesday, October 23rd. Barclays lowered their price objective on Hasbro from $117.00 to $105.00 and set an “overweight” rating for the company in a research report on Tuesday, October 23rd. BidaskClub raised Hasbro from a “hold” rating to a “buy” rating in a research report on Wednesday, August 29th. Finally, SunTrust Banks lowered their price objective on Hasbro to $96.00 and set a “hold” rating for the company in a research report on Tuesday, October 23rd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company. Hasbro presently has a consensus rating of “Hold” and an average price target of $105.33.
In other news, Director Alan G. Hassenfeld sold 400,000 shares of the business’s stock in a transaction dated Friday, November 16th. The stock was sold at an average price of $97.41, for a total value of $38,964,000.00. Following the completion of the sale, the director now directly owns 30,945 shares of the company’s stock, valued at approximately $3,014,352.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Wiebe Tinga sold 6,000 shares of the business’s stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $99.80, for a total value of $598,800.00. Following the completion of the sale, the executive vice president now directly owns 44,559 shares of the company’s stock, valued at $4,446,988.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 713,570 shares of company stock valued at $69,562,482. Insiders own 9.90% of the company’s stock.
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Hasbro Company Profile
Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. The company's U.S. and Canada segment markets and sells action figures, arts and crafts, and creative play products; electronic toys and related electronic interactive products; fashion and other dolls, infant products, play sets, preschool toys, plush products, and sports action blasters and accessories; and vehicles and toy-related specialty products, as well as traditional board games, and trading card and role-playing games primarily in the United States and Canada.
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