Other equities research analysts also recently issued research reports about the company. Zacks Investment Research downgraded Hasbro from a buy rating to a hold rating in a research report on Wednesday, August 16th. BidaskClub raised Hasbro from a buy rating to a strong-buy rating in a research report on Thursday, June 22nd. Jefferies Group LLC began coverage on Hasbro in a research report on Thursday, June 8th. They set a buy rating and a $125.00 price target for the company. Finally, DA Davidson reissued a buy rating and set a $121.00 price target (up previously from $118.00) on shares of Hasbro in a research report on Saturday, July 22nd. Eleven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Hasbro presently has an average rating of Hold and a consensus target price of $107.48.
Hasbro (NASDAQ HAS) opened at 94.92 on Tuesday. Hasbro has a one year low of $76.14 and a one year high of $116.20. The stock has a market capitalization of $11.87 billion, a PE ratio of 20.56 and a beta of 0.92. The company’s 50-day moving average price is $99.10 and its 200-day moving average price is $102.20.
Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Monday, July 24th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.07. Hasbro had a return on equity of 32.24% and a net margin of 11.44%. The firm had revenue of $972.51 million during the quarter, compared to the consensus estimate of $974.19 million. During the same quarter in the previous year, the business earned $0.41 earnings per share. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. Equities research analysts predict that Hasbro will post $5.07 EPS for the current year.
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The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date is Tuesday, October 31st. Hasbro’s dividend payout ratio is currently 49.35%.
In related news, EVP Barbara Finigan sold 23,483 shares of the stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $106.30, for a total value of $2,496,242.90. Following the completion of the transaction, the executive vice president now owns 32,345 shares of the company’s stock, valued at $3,438,273.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Thomas J. Jr. Courtney sold 23,201 shares of the stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $106.51, for a total value of $2,471,138.51. Following the completion of the transaction, the executive vice president now directly owns 28,511 shares of the company’s stock, valued at approximately $3,036,706.61. The disclosure for this sale can be found here. Insiders sold 1,423,264 shares of company stock valued at $145,144,664 in the last three months. 11.00% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. Acrospire Investment Management LLC boosted its holdings in Hasbro by 11.1% in the first quarter. Acrospire Investment Management LLC now owns 1,000 shares of the company’s stock valued at $100,000 after purchasing an additional 100 shares during the last quarter. YorkBridge Wealth Partners LLC boosted its holdings in Hasbro by 337.1% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,132 shares of the company’s stock valued at $113,000 after purchasing an additional 873 shares during the last quarter. TrimTabs Asset Management LLC purchased a new position in Hasbro in the first quarter valued at about $119,000. Meeder Asset Management Inc. purchased a new position in Hasbro in the first quarter valued at about $131,000. Finally, Oakworth Capital Inc. boosted its holdings in Hasbro by 7.2% in the second quarter. Oakworth Capital Inc. now owns 1,207 shares of the company’s stock valued at $135,000 after purchasing an additional 81 shares during the last quarter. 79.69% of the stock is owned by hedge funds and other institutional investors.
Hasbro, Inc (Hasbro) is a play and entertainment company. The Company’s operating segments include the U.S. and Canada, International, and Entertainment and Licensing. From toys and games to content development, including television programming, motion pictures, digital gaming and a consumer products licensing program, Hasbro fulfills the fundamental need for play and connection for children and families around the world.
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