Hasbro, Inc. (NASDAQ:HAS) CEO Brian Goldner sold 308,164 shares of Hasbro stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $96.97, for a total transaction of $29,882,663.08. Following the sale, the chief executive officer now directly owns 101,134 shares of the company’s stock, valued at $9,806,963.98. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Shares of Hasbro, Inc. (HAS) opened at $95.57 on Thursday. Hasbro, Inc. has a 1 year low of $87.92 and a 1 year high of $116.20. The firm has a market cap of $11,900.00, a price-to-earnings ratio of 17.34, a P/E/G ratio of 1.56 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 (NASDAQ:HAS) last announced its quarterly earnings results on Wednesday, February 7th. The company reported $2.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.82 by $0.48. Hasbro had a net margin of 7.61% and a return on equity of 36.36%. The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.72 billion. During the same period in the previous year, the company earned $1.64 earnings per share. Hasbro’s quarterly revenue was down 1.8% compared to the same quarter last year. equities analysts predict that Hasbro, Inc. will post 5.4 EPS for the current year.
Institutional investors and hedge funds have recently made changes to their positions in the stock. SeaCrest Wealth Management LLC purchased a new stake in Hasbro in the fourth quarter valued at $131,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Hasbro in the fourth quarter valued at $136,000. Highstreet Asset Management Inc. lifted its position in Hasbro by 105.2% in the third quarter. Highstreet Asset Management Inc. now owns 1,584 shares of the company’s stock valued at $155,000 after acquiring an additional 812 shares during the last quarter. Delpha Capital Management LLC purchased a new stake in Hasbro in the fourth quarter valued at $161,000. Finally, Ellington Management Group LLC purchased a new stake in Hasbro in the fourth quarter valued at $209,000. 77.90% of the stock is owned by hedge funds and other institutional investors.
Several research firms have recently issued reports on HAS. Zacks Investment Research cut shares of Hasbro from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. BidaskClub raised shares of Hasbro from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. B. Riley lifted their price objective on shares of Hasbro from $108.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Wells Fargo & Co reaffirmed a “market perform” rating and set a $100.00 price objective (up from $95.00) on shares of Hasbro in a research report on Thursday, February 8th. Finally, Stifel Nicolaus decreased 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. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus 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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