Hasbro, Inc. (NASDAQ:HAS) Director Alan G. Hassenfeld sold 152,341 shares of the stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $100.50, for a total transaction of $15,310,270.50. Following the transaction, the director now owns 29,140 shares in the company, valued at $2,928,570. The sale was disclosed in a filing with the SEC, which is available through this link.
Hasbro, Inc. (NASDAQ HAS) traded down 0.37% during trading on Friday, reaching $97.46. 453,775 shares of the company’s stock were exchanged. The stock has a market capitalization of $12.19 billion, a PE ratio of 21.11 and a beta of 0.90. Hasbro, Inc. has a 52 week low of $76.14 and a 52 week high of $116.20. The stock has a 50-day moving average of $108.92 and a 200-day moving average of $101.36.
Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Monday, July 24th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.07. Hasbro had a return on equity of 32.24% and a net margin of 11.44%. The firm had revenue of $972.51 million during the quarter, compared to the consensus estimate of $974.19 million. During the same period in the prior year, the company posted $0.41 earnings per share. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. On average, equities research analysts anticipate that Hasbro, Inc. will post $5.07 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date is Tuesday, October 31st. Hasbro’s dividend payout ratio is currently 49.35%.
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A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of Hasbro by 5.4% in the first quarter. Vanguard Group Inc. now owns 12,186,806 shares of the company’s stock worth $1,216,486,000 after buying an additional 622,946 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Hasbro by 7.6% in the second quarter. BlackRock Inc. now owns 9,880,626 shares of the company’s stock worth $1,101,787,000 after buying an additional 700,898 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Hasbro by 2.4% in the first quarter. Bank of America Corp DE now owns 5,474,161 shares of the company’s stock worth $546,431,000 after buying an additional 127,849 shares in the last quarter. State Street Corp boosted its stake in shares of Hasbro by 1.0% in the first quarter. State Street Corp now owns 5,013,445 shares of the company’s stock worth $500,457,000 after buying an additional 49,888 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of Hasbro by 1.0% in the second quarter. Wells Fargo & Company MN now owns 2,767,920 shares of the company’s stock worth $308,649,000 after buying an additional 26,350 shares in the last quarter. Institutional investors own 78.23% of the company’s stock.
Several brokerages have issued reports on HAS. Barclays PLC dropped their target price on shares of Hasbro from $109.00 to $95.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 26th. Stifel Nicolaus reiterated a “hold” rating and set a $100.00 target price (up from $95.00) on shares of Hasbro in a report on Tuesday, April 25th. Jefferies Group LLC started coverage on shares of Hasbro in a report on Thursday, June 8th. They set a “buy” rating and a $125.00 target price on the stock. Zacks Investment Research cut shares of Hasbro from a “buy” rating to a “hold” rating in a report on Friday, May 19th. Finally, BidaskClub upgraded shares of Hasbro from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 22nd. Nine research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $106.69.
Hasbro, Inc (Hasbro) is a play and entertainment company. The Company’s operating segments include the U.S. and Canada, International, and Entertainment and Licensing. From toys and games to content development, including television programming, motion pictures, digital gaming and a consumer products licensing program, Hasbro fulfills the fundamental need for play and connection for children and families around the world.
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