Insider Selling: Hasbro (NASDAQ:HAS) CFO Sells $1,049,840.00 in Stock

Hasbro, Inc. (NASDAQ:HAS) CFO Gina Goetter sold 11,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $95.44, for a total value of $1,049,840.00. Following the sale, the chief financial officer owned 88,104 shares of the company’s stock, valued at approximately $8,408,645.76. This represents a 11.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Hasbro Price Performance

Shares of NASDAQ HAS opened at $93.94 on Friday. The firm has a market cap of $13.29 billion, a P/E ratio of 16.90, a price-to-earnings-growth ratio of 1.74 and a beta of 0.49. The company has a current ratio of 1.66, a quick ratio of 1.46 and a debt-to-equity ratio of 4.16. Hasbro, Inc. has a 1-year low of $69.50 and a 1-year high of $106.98. The business’s 50 day moving average is $84.47 and its 200-day moving average is $90.61.

Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Tuesday, July 21st. The company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.12. The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Hasbro had a return on equity of 141.11% and a net margin of 15.97%.The firm’s revenue for the quarter was up 16.2% compared to the same quarter last year. During the same period last year, the firm posted $1.30 EPS. Equities research analysts predict that Hasbro, Inc. will post 6.13 earnings per share for the current year.

Hasbro Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.0%. Hasbro’s dividend payout ratio (DPR) is currently 50.36%.

Analyst Ratings Changes

A number of research firms recently commented on HAS. Jefferies Financial Group lowered their price target on shares of Hasbro from $120.00 to $110.00 and set a “buy” rating on the stock in a research report on Thursday, July 16th. UBS Group restated a “buy” rating and set a $120.00 target price on shares of Hasbro in a research report on Monday. DA Davidson lowered their target price on shares of Hasbro from $100.00 to $95.00 and set a “neutral” rating on the stock in a report on Wednesday, July 22nd. Bank of America dropped their price target on shares of Hasbro from $115.00 to $105.00 and set a “buy” rating for the company in a research report on Thursday, July 16th. Finally, Citigroup reiterated a “buy” rating on shares of Hasbro in a research note on Thursday, July 23rd. Twelve investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Hasbro presently has a consensus rating of “Moderate Buy” and an average target price of $109.07.

Key Headlines Impacting Hasbro

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: Brokerages maintain a consensus “Moderate Buy” rating, with an average price target of $109.07 versus recent trading levels. Twelve analysts rate Hasbro a Buy, compared with three Holds and one Sell. Hasbro receives Moderate Buy consensus
• Positive Sentiment: Wizards of the Coast unveiled new Dungeons & Dragons initiatives, including a World of Warcraft crossover launching in November, along with planned Dark Sun and Star Wars experiences. The announcements could strengthen Hasbro’s licensing, gaming and fan-engagement opportunities. Dungeons and Dragons announcements
• Positive Sentiment: Hasbro prevailed in a long-running copyright dispute involving Peppa Pig and Vietnam’s Wolfoo, protecting an important intellectual-property asset and potentially limiting unauthorized competition. Peppa Pig copyright case
• Positive Sentiment: New Transformers: Age of the Primes action figures provide additional product support for one of Hasbro’s major brands. Transformers action figures
• Neutral Sentiment: Hasbro declared a quarterly dividend of $0.70, or $2.80 annually, representing an approximately 3% yield. The dividend is payable September 2 to shareholders of record August 19.
• Negative Sentiment: Insider selling may weigh on sentiment: CFO Gina Goetter sold 11,000 shares for about $1.05 million, while John Hight sold 3,186 shares for roughly $299,000. Timothy J. Kilpin also sold 20,000 shares, although that transaction was reported as being to cover tax withholding on vested equity awards. Hasbro insider sales

Institutional Investors Weigh In On Hasbro

Several institutional investors and hedge funds have recently bought and sold shares of HAS. Brighton Jones LLC bought a new position in Hasbro in the 4th quarter valued at about $317,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Hasbro by 11.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,563 shares of the company’s stock worth $1,018,000 after acquiring an additional 1,753 shares during the period. Empowered Funds LLC lifted its holdings in shares of Hasbro by 95.8% during the 1st quarter. Empowered Funds LLC now owns 13,187 shares of the company’s stock worth $811,000 after acquiring an additional 6,451 shares during the period. Woodline Partners LP boosted its position in shares of Hasbro by 40.7% during the 1st quarter. Woodline Partners LP now owns 11,078 shares of the company’s stock worth $681,000 after acquiring an additional 3,203 shares in the last quarter. Finally, Focus Partners Wealth acquired a new stake in shares of Hasbro during the 1st quarter worth approximately $292,000. Institutional investors own 91.83% of the company’s stock.

Hasbro Company Profile

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.