Holly Barbacovi Sells 5,057 Shares of Hasbro (NASDAQ:HAS) Stock

Hasbro, Inc. (NASDAQ:HAS) insider Holly Barbacovi sold 5,057 shares of Hasbro stock in a transaction on Monday, August 31st. The shares were sold at an average price of $94.20, for a total value of $476,369.40. Following the sale, the insider directly owned 37,486 shares of the company’s stock, valued at $3,531,181.20. This represents a 11.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Hasbro Price Performance

Shares of NASDAQ HAS opened at $93.50 on Thursday. The firm has a market capitalization of $13.19 billion, a P/E ratio of 16.82, a P/E/G ratio of 1.60 and a beta of 0.47. The company has a quick ratio of 1.46, a current ratio of 1.66 and a debt-to-equity ratio of 4.16. The stock’s 50-day simple moving average is $88.81 and its two-hundred day simple moving average is $91.01. Hasbro, Inc. has a twelve month low of $69.50 and a twelve month high of $106.98.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Tuesday, July 21st. The company reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.12. Hasbro had a return on equity of 141.11% and a net margin of 15.97%.The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter last year, the company posted $1.30 EPS. The company’s revenue for the quarter was up 16.2% on a year-over-year basis. As a group, equities analysts anticipate that Hasbro, Inc. will post 6.17 EPS for the current fiscal year.

Hasbro Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th were given a dividend of $0.70 per share. The ex-dividend date was Wednesday, August 19th. This represents a $2.80 annualized dividend and a yield of 3.0%. Hasbro’s payout ratio is presently 50.36%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on HAS shares. Roth Capital reaffirmed a “buy” rating on shares of Hasbro in a report on Wednesday, July 22nd. Jefferies Financial Group dropped their price target on Hasbro from $120.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, July 16th. Argus upped their price objective on Hasbro from $90.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. JPMorgan Chase & Co. decreased their price objective on Hasbro from $125.00 to $111.00 and set an “overweight” rating on the stock in a report on Wednesday, July 22nd. Finally, DA Davidson cut their target price on Hasbro from $100.00 to $95.00 and set a “neutral” rating for the company in a research note on Wednesday, July 22nd. Twelve research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $109.43.

Institutional Trading of Hasbro

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Huntington National Bank grew its holdings in shares of Hasbro by 10.2% in the fourth quarter. Huntington National Bank now owns 1,233 shares of the company’s stock worth $101,000 after purchasing an additional 114 shares during the last quarter. Marathon Mission Inc. increased its position in shares of Hasbro by 1.4% in the second quarter. Marathon Mission Inc. now owns 9,152 shares of the company’s stock valued at $756,000 after acquiring an additional 128 shares during the period. Severin Investments LLC raised its stake in shares of Hasbro by 3.1% during the first quarter. Severin Investments LLC now owns 4,595 shares of the company’s stock valued at $430,000 after acquiring an additional 137 shares during the last quarter. Root Financial Partners LLC boosted its holdings in shares of Hasbro by 21.3% during the first quarter. Root Financial Partners LLC now owns 780 shares of the company’s stock worth $73,000 after purchasing an additional 137 shares during the period. Finally, United Capital Financial Advisors LLC boosted its holdings in shares of Hasbro by 2.2% during the third quarter. United Capital Financial Advisors LLC now owns 6,500 shares of the company’s stock worth $493,000 after purchasing an additional 139 shares during the period. Institutional investors own 91.83% of the company’s stock.

About Hasbro

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.