Hasbro, Inc. (NASDAQ:HAS) EVP Matthew Edward Austin Sells 1,718 Shares

Hasbro, Inc. (NASDAQ:HAS) EVP Matthew Edward Austin sold 1,718 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $65.06, for a total value of $111,773.08. Following the transaction, the executive vice president now owns 36,828 shares of the company’s stock, valued at $2,396,029.68. This represents a 4.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Hasbro Price Performance

NASDAQ:HAS opened at $64.73 on Tuesday. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 2.64. The business’s 50-day moving average price is $67.63 and its 200 day moving average price is $64.50. Hasbro, Inc. has a 52-week low of $46.09 and a 52-week high of $73.46. The firm has a market cap of $9.03 billion, a P/E ratio of -13.95, a PEG ratio of 0.60 and a beta of 0.63.

Hasbro (NASDAQ:HAS) last released its earnings results on Thursday, October 24th. The company reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.45. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.30 billion. Hasbro had a negative net margin of 14.83% and a positive return on equity of 47.91%. The business’s revenue for the quarter was down 14.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.64 EPS. As a group, sell-side analysts predict that Hasbro, Inc. will post 3.93 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.33%. The ex-dividend date is Wednesday, November 20th. Hasbro’s dividend payout ratio is presently -60.34%.

Institutional Investors Weigh In On Hasbro

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD lifted its position in shares of Hasbro by 2.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 181,123 shares of the company’s stock valued at $10,238,000 after acquiring an additional 3,656 shares in the last quarter. Comerica Bank boosted its position in shares of Hasbro by 11.1% in the first quarter. Comerica Bank now owns 57,090 shares of the company’s stock worth $3,227,000 after buying an additional 5,697 shares during the period. Atria Investments Inc purchased a new position in shares of Hasbro during the first quarter valued at $1,287,000. Cetera Investment Advisers raised its position in Hasbro by 68.4% during the first quarter. Cetera Investment Advisers now owns 34,798 shares of the company’s stock valued at $1,967,000 after buying an additional 14,128 shares during the period. Finally, Cetera Advisors LLC purchased a new stake in Hasbro in the 1st quarter worth about $362,000. 91.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Bank of America boosted their price target on shares of Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Jefferies Financial Group upped their target price on shares of Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. Morgan Stanley lifted their price target on Hasbro from $80.00 to $92.00 and gave the company an “overweight” rating in a report on Friday, October 25th. JPMorgan Chase & Co. increased their price objective on Hasbro from $76.00 to $82.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Finally, DA Davidson lifted their target price on Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Hasbro currently has a consensus rating of “Moderate Buy” and an average price target of $80.67.

Hasbro Company Profile

Hasbro, Inc, together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments.