Insider Selling: Hasbro, Inc. (NASDAQ:HAS) EVP Sells 1,718 Shares of Stock

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

Hasbro Price Performance

NASDAQ HAS opened at $64.73 on Tuesday. Hasbro, Inc. has a 1 year low of $46.09 and a 1 year high of $73.46. The company has a fifty day simple moving average of $67.63 and a 200 day simple moving average of $64.50. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 2.64. The company has a market cap of $9.03 billion, a P/E ratio of -13.95, a P/E/G ratio of 0.60 and a beta of 0.63.

Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Thursday, October 24th. The company reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.45. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was down 14.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.64 earnings per share. On average, sell-side analysts predict that Hasbro, Inc. will post 3.93 EPS for the current year.

Hasbro Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.33%. The ex-dividend date of this dividend is Wednesday, November 20th. Hasbro’s dividend payout ratio (DPR) is currently -60.34%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of HAS. Plato Investment Management Ltd bought a new position in Hasbro during the second quarter worth $27,000. Asset Dedication LLC grew its position in Hasbro by 290.1% in the 2nd quarter. Asset Dedication LLC now owns 472 shares of the company’s stock worth $28,000 after purchasing an additional 351 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Hasbro by 224.8% during the 3rd quarter. Blue Trust Inc. now owns 432 shares of the company’s stock worth $31,000 after purchasing an additional 299 shares during the period. True Wealth Design LLC acquired a new position in shares of Hasbro during the third quarter valued at about $31,000. Finally, Itau Unibanco Holding S.A. bought a new stake in shares of Hasbro in the third quarter valued at about $40,000. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. 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. 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. Stifel Nicolaus increased their price objective on Hasbro from $78.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Jefferies Financial Group lifted their target price on shares of Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Finally, DA Davidson increased their price target on shares of Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus 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.