Hasbro (NASDAQ:HAS) Hits New 1-Year High – Time to Buy?

Hasbro, Inc. (NASDAQ:HAS)’s share price reached a new 52-week high on Wednesday. The stock traded as high as $121.35 and last traded at $121.1490, with a volume of 144,830 shares trading hands. The stock had previously closed at $117.97.

Analysts Set New Price Targets

A number of analysts have recently issued reports on HAS shares. Weiss Ratings upgraded shares of Hasbro from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday. Citigroup upped their price objective on Hasbro from $117.00 to $137.00 and gave the company a “buy” rating in a report on Wednesday, October 21st. The Goldman Sachs Group lowered their price objective on Hasbro from $117.00 to $115.00 and set a “buy” rating for the company in a research report on Monday, September 21st. UBS Group raised their target price on Hasbro from $120.00 to $137.00 and gave the stock a “buy” rating in a research note on Wednesday, October 28th. Finally, Jefferies Financial Group cut their target price on Hasbro from $120.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Hasbro presently has a consensus rating of “Moderate Buy” and a consensus target price of $114.93.

Hasbro Trading Down 0.1%

The company has a market cap of $16.70 billion, a PE ratio of 17.86, a price-to-earnings-growth ratio of 1.58 and a beta of 0.36. The company’s 50 day simple moving average is $98.29 and its two-hundred day simple moving average is $93.02. The company has a debt-to-equity ratio of 2.79, a current ratio of 1.40 and a quick ratio of 1.24.

Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Tuesday, October 20th. The company reported $2.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.86 by $1.04. Hasbro had a net margin of 18.44% and a return on equity of 140.60%. The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the previous year, the firm earned $1.68 EPS. The business’s revenue was up 15.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Hasbro, Inc. will post 6.69 EPS for the current fiscal year.

Hasbro Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 2nd. Shareholders of record on Wednesday, November 18th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Wednesday, November 18th. Hasbro’s dividend payout ratio is 41.85%.

Insiders Place Their Bets

In related news, CFO Gina M. Goetter sold 7,262 shares of the business’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $118.99, for a total value of $864,105.38. Following the sale, the chief financial officer owned 72,577 shares in the company, valued at approximately $8,635,937.23. The trade was a 9.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Holly Barbacovi sold 5,057 shares of the stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $94.20, for a total value of $476,369.40. Following the transaction, the insider directly owned 37,486 shares in the company, valued at approximately $3,531,181.20. The trade was a 11.89% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.71% of the stock is owned by corporate insiders.

Institutional Trading of Hasbro

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Covestor Ltd raised its holdings in Hasbro by 12.2% during the third quarter. Covestor Ltd now owns 903 shares of the company’s stock worth $79,000 after purchasing an additional 98 shares during the last quarter. Mather Group LLC. boosted its position in Hasbro by 19.9% during the third quarter. Mather Group LLC. now owns 704 shares of the company’s stock worth $62,000 after purchasing an additional 117 shares in the last quarter. Marathon Mission Inc. grew its holdings in 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 purchasing an additional 128 shares during the last quarter. Tema ETFs LLC grew its holdings in Hasbro by 7.1% in the second quarter. Tema ETFs LLC now owns 2,183 shares of the company’s stock valued at $180,000 after purchasing an additional 145 shares during the last quarter. Finally, Empirical Finance LLC increased its position in shares of Hasbro by 3.4% in the second quarter. Empirical Finance LLC now owns 4,751 shares of the company’s stock valued at $392,000 after buying an additional 155 shares in the last quarter. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

About Hasbro

Hasbro, Inc is a global branded entertainment company that develops and markets toys, games, entertainment experiences and consumer products. Its portfolio includes well-known brands such as Monopoly, Play-Doh, Transformers, Nerf, My Little Pony, Dungeons & Dragons and Magic: The Gathering.

The company serves consumers through a range of channels, including retail, e-commerce, digital gaming, entertainment content and licensing. Hasbro also works with third-party partners to extend its brands into film and television, apparel, publishing and other consumer products.