Hasbro (NASDAQ:HAS) Insider Sells $476,369.40 in Stock

Hasbro, Inc. (NASDAQ:HAS) insider Holly Barbacovi sold 5,057 shares of the company’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $94.20, for a total transaction of $476,369.40. Following the completion of the sale, the insider directly owned 37,486 shares in the company, valued at $3,531,181.20. This trade represents a 11.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Hasbro Trading Down 0.5%

NASDAQ HAS opened at $93.00 on Friday. Hasbro, Inc. has a 1 year low of $69.50 and a 1 year high of $106.98. The company has a debt-to-equity ratio of 4.16, a current ratio of 1.66 and a quick ratio of 1.46. The company has a market capitalization of $13.12 billion, a PE ratio of 16.73, a P/E/G ratio of 1.60 and a beta of 0.47. The company has a fifty day moving average of $88.97 and a 200 day moving average of $90.94.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Tuesday, July 21st. The company reported $1.28 earnings per share 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 business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the business posted $1.30 EPS. The company’s revenue was up 16.2% on a year-over-year basis. Research analysts forecast that Hasbro, Inc. will post 6.17 earnings per share for the current year.

Hasbro Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Weiss Ratings upgraded shares of Hasbro from a “sell (d+)” rating to a “hold (c+)” rating in a research note on Friday, July 31st. Wells Fargo & Company raised their price target on shares of Hasbro from $85.00 to $90.00 and gave the company an “equal weight” rating in a research report on Thursday, August 20th. DA Davidson cut their price objective on shares of Hasbro from $100.00 to $95.00 and set a “neutral” rating for the company in a report on Wednesday, July 22nd. BNP Paribas Exane lowered their target price on shares of Hasbro from $117.00 to $114.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 15th. Finally, Morgan Stanley raised their target price on Hasbro from $122.00 to $123.00 and gave the company an “overweight” rating in a research report on Thursday, May 14th. Twelve research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $109.43.

Institutional Investors Weigh In On Hasbro

A number of large investors have recently modified their holdings of HAS. BlackRock Inc. acquired a new position in Hasbro during the second quarter worth about $2,204,689,000. California State Teachers Retirement System raised its holdings in Hasbro by 8,051.1% in the 2nd quarter. California State Teachers Retirement System now owns 12,786,336 shares of the company’s stock valued at $1,056,023,000 after acquiring an additional 12,629,470 shares during the last quarter. State Street Corp lifted its stake in Hasbro by 2.1% in the 2nd quarter. State Street Corp now owns 6,508,052 shares of the company’s stock worth $480,424,000 after purchasing an additional 131,678 shares in the last quarter. AQR Capital Management LLC lifted its stake in Hasbro by 47.3% in the 4th quarter. AQR Capital Management LLC now owns 4,357,147 shares of the company’s stock worth $357,286,000 after purchasing an additional 1,399,499 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Hasbro by 3.5% during the 4th 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 last quarter. Hedge funds and other 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.