Matthew Edward Austin Sells 1,718 Shares of Hasbro, Inc. (NASDAQ:HAS) Stock

Hasbro, Inc. (NASDAQ:HAS) EVP Matthew Edward Austin sold 1,718 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $65.06, for a total value of $111,773.08. Following the completion of the sale, the executive vice president now owns 36,828 shares of the company’s stock, valued at $2,396,029.68. The trade was a 4.46 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Hasbro Price Performance

HAS opened at $65.32 on Wednesday. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.29 and a current ratio of 1.47. Hasbro, Inc. has a 52-week low of $46.09 and a 52-week high of $73.46. The stock has a market capitalization of $9.11 billion, a PE ratio of -14.08, a price-to-earnings-growth ratio of 0.60 and a beta of 0.62. The stock’s 50 day moving average price is $67.50 and its 200-day moving average price is $64.53.

Hasbro (NASDAQ:HAS) last posted its earnings results on Thursday, October 24th. The company reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.45. The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.30 billion. Hasbro had a positive return on equity of 47.91% and a negative net margin of 14.83%. The business’s revenue was down 14.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.64 earnings per share. On average, equities research analysts predict that Hasbro, Inc. will post 3.93 EPS for the current year.

Hasbro Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th will be paid a $0.70 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $2.80 annualized dividend and a yield of 4.29%. Hasbro’s payout ratio is -60.34%.

Institutional Investors Weigh In On Hasbro

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HAS. Price T Rowe Associates Inc. MD grew its stake in Hasbro by 2.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 181,123 shares of the company’s stock worth $10,238,000 after purchasing an additional 3,656 shares during the period. Comerica Bank boosted its holdings in Hasbro by 11.1% in the first quarter. Comerica Bank now owns 57,090 shares of the company’s stock worth $3,227,000 after acquiring an additional 5,697 shares in the last quarter. Atria Investments Inc bought a new stake in Hasbro in the first quarter worth $1,287,000. Cetera Investment Advisers boosted its holdings in Hasbro by 68.4% in the first quarter. Cetera Investment Advisers now owns 34,798 shares of the company’s stock worth $1,967,000 after acquiring an additional 14,128 shares in the last quarter. Finally, Cetera Advisors LLC bought a new stake in Hasbro in the first quarter worth $362,000. 91.83% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on HAS shares. Stifel Nicolaus boosted their target price on Hasbro from $78.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Morgan Stanley boosted their target price on Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Jefferies Financial Group boosted their price objective on Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Bank of America boosted their price objective on Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Finally, JPMorgan Chase & Co. boosted their price objective on Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price 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.