Hasbro (NASDAQ:HAS) Insider Timothy Kilpin Sells 20,000 Shares of Stock

Hasbro, Inc. (NASDAQ:HAS) insider Timothy Kilpin sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $93.12, for a total transaction of $1,862,400.00. Following the sale, the insider directly owned 54,229 shares of the company’s stock, valued at approximately $5,049,804.48. This trade represents a 26.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Hasbro Stock Performance

Shares of NASDAQ:HAS opened at $95.17 on Thursday. The company’s 50 day simple moving average is $84.27 and its 200 day simple moving average is $90.53. The stock has a market capitalization of $13.47 billion, a price-to-earnings ratio of 17.12, a price-to-earnings-growth ratio of 1.77 and a beta of 0.49. The company has a debt-to-equity ratio of 4.16, a current ratio of 1.66 and a quick ratio of 1.46. Hasbro, Inc. has a 1 year low of $69.50 and a 1 year high of $106.98.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Tuesday, July 21st. The company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.16 by $0.12. Hasbro had a net margin of 15.97% and a return on equity of 141.11%. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the business earned $1.30 earnings per share. The company’s revenue was up 16.2% on a year-over-year basis. As a group, research analysts predict that Hasbro, Inc. will post 6.13 EPS for the current fiscal year.

Hasbro Announces Dividend

The firm also recently declared 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 2.9%. Hasbro’s payout ratio is 50.36%.

Institutional Trading of Hasbro

A number of hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Hasbro by 2.7% during the 4th quarter. Vanguard Group Inc. now owns 16,976,679 shares of the company’s stock worth $1,392,088,000 after acquiring an additional 453,038 shares during the last quarter. State Street Corp raised its stake in shares of Hasbro by 2.1% during the second quarter. State Street Corp now owns 6,508,052 shares of the company’s stock valued at $480,424,000 after acquiring an additional 131,678 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Hasbro by 47.3% during the fourth quarter. AQR Capital Management LLC now owns 4,357,147 shares of the company’s stock valued at $357,286,000 after acquiring an additional 1,399,499 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Hasbro by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 3,661,020 shares of the company’s stock worth $299,700,000 after purchasing an additional 122,592 shares during the period. Finally, Bank of America Corp DE lifted its holdings in shares of Hasbro by 21.9% during the third quarter. Bank of America Corp DE now owns 3,633,213 shares of the company’s stock worth $275,579,000 after purchasing an additional 651,790 shares during the period. 91.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on HAS shares. Roth Capital reaffirmed a “buy” rating on shares of Hasbro in a research note on Wednesday, July 22nd. BNP Paribas Exane lowered their target price on Hasbro from $117.00 to $114.00 and set an “outperform” rating for the company in a research note on Wednesday, July 15th. Wells Fargo & Company reduced their price target on shares of Hasbro from $92.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Tuesday, June 9th. Bank of America decreased their price target on shares of Hasbro from $115.00 to $105.00 and set a “buy” rating on the stock in a report on Thursday, July 16th. Finally, Citigroup reiterated a “buy” rating on shares of Hasbro in a research report on Thursday, July 23rd. Twelve analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $109.07.

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.