Hasbro, Inc. (NASDAQ:HAS) CFO Deborah Thomas sold 6,000 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $96.33, for a total transaction of $577,980.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of Hasbro, Inc. (HAS) traded up $1.05 during trading hours on Monday, hitting $98.52. 1,230,915 shares of the stock traded hands, compared to its average volume of 1,873,348. The stock has a market cap of $12,270.00, a P/E ratio of 17.88, a PEG ratio of 1.55 and a beta of 0.86. The company has a quick ratio of 2.56, a current ratio of 2.90 and a debt-to-equity ratio of 0.93. Hasbro, Inc. has a twelve month low of $87.92 and a twelve month high of $116.20.
Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $2.30 earnings per share for the quarter, topping the consensus estimate of $1.82 by $0.48. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.72 billion. Hasbro had a net margin of 7.61% and a return on equity of 36.36%. The company’s revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.64 EPS. equities research analysts expect that Hasbro, Inc. will post 5.4 EPS for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in the stock. New Mexico Educational Retirement Board raised its position in Hasbro by 4.8% in the 4th quarter. New Mexico Educational Retirement Board now owns 10,959 shares of the company’s stock valued at $996,000 after purchasing an additional 500 shares during the last quarter. Raymond James Trust N.A. raised its position in Hasbro by 11.3% in the 4th quarter. Raymond James Trust N.A. now owns 5,361 shares of the company’s stock valued at $488,000 after purchasing an additional 546 shares during the last quarter. MML Investors Services LLC raised its position in Hasbro by 7.2% in the 4th quarter. MML Investors Services LLC now owns 8,496 shares of the company’s stock valued at $772,000 after purchasing an additional 571 shares during the last quarter. Norinchukin Bank The raised its position in Hasbro by 7.0% in the 4th quarter. Norinchukin Bank The now owns 9,063 shares of the company’s stock valued at $824,000 after purchasing an additional 590 shares during the last quarter. Finally, Commerce Bank raised its position in Hasbro by 2.3% in the 3rd quarter. Commerce Bank now owns 26,643 shares of the company’s stock valued at $2,602,000 after purchasing an additional 592 shares during the last quarter. Hedge funds and other institutional investors own 77.90% of the company’s stock.
Several research firms have commented on HAS. Zacks Investment Research cut shares of Hasbro from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. BidaskClub upgraded shares of Hasbro from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. B. Riley boosted their price target on shares of Hasbro from $108.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Wells Fargo & Co reiterated a “market perform” rating and set a $100.00 price target (up previously from $95.00) on shares of Hasbro in a report on Thursday, February 8th. Finally, Stifel Nicolaus reduced their price objective on shares of Hasbro from $100.00 to $97.00 and set a “hold” rating for the company in a research report on Tuesday, January 30th. Nine research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $109.87.
Hasbro Company Profile
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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