BidaskClub lowered shares of Hasbro (NASDAQ:HAS) from a hold rating to a sell rating in a research report report published on Wednesday morning.
Several other research analysts have also commented on HAS. BMO Capital Markets boosted their price target on Hasbro from $83.00 to $100.00 and gave the stock a market perform rating in a research report on Thursday, February 8th. Stifel Nicolaus reduced their price target on Hasbro from $100.00 to $97.00 and set a hold rating for the company in a research report on Tuesday, January 30th. Zacks Investment Research lowered Hasbro from a hold rating to a sell rating in a research report on Wednesday, January 10th. B. Riley boosted their price target on Hasbro from $108.00 to $110.00 and gave the stock a buy rating in a research report on Thursday, February 8th. Finally, KeyCorp boosted their price target on Hasbro from $105.00 to $110.00 and gave the stock an overweight rating in a research report on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $109.87.
Shares of Hasbro (NASDAQ HAS) traded down $1.67 during mid-day trading on Wednesday, hitting $95.57. The company’s stock had a trading volume of 1,397,900 shares, compared to its average volume of 1,795,065. Hasbro has a twelve month low of $87.92 and a twelve month high of $116.20. The stock has a market cap of $12,075.04, a PE ratio of 30.63, a price-to-earnings-growth ratio of 1.54 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.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 15th. Investors of record on Tuesday, May 1st will be given a dividend of $0.63 per share. This is a positive change from Hasbro’s previous quarterly dividend of $0.57. This represents a $2.52 annualized dividend and a yield of 2.64%. The ex-dividend date is Monday, April 30th. Hasbro’s dividend payout ratio is currently 73.08%.
In related news, CFO Deborah Thomas sold 6,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $96.33, for a total transaction of $577,980.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Brian Goldner sold 308,164 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $96.97, for a total value of $29,882,663.08. Following the transaction, the chief executive officer now directly owns 101,134 shares in the company, valued at $9,806,963.98. The disclosure for this sale can be found here. Insiders have sold a total of 385,551 shares of company stock worth $37,471,696 over the last ninety days. 11.00% of the stock is currently owned by corporate insiders.
Large investors have recently made changes to their positions in the stock. Wells Fargo & Company MN increased its holdings in shares of Hasbro by 15.0% in the fourth quarter. Wells Fargo & Company MN now owns 3,267,434 shares of the company’s stock valued at $296,977,000 after purchasing an additional 426,136 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Hasbro by 6.3% in the third quarter. Principal Financial Group Inc. now owns 2,315,308 shares of the company’s stock valued at $226,136,000 after purchasing an additional 137,568 shares during the period. Janus Henderson Group PLC increased its holdings in shares of Hasbro by 4.6% in the third quarter. Janus Henderson Group PLC now owns 2,017,259 shares of the company’s stock valued at $197,025,000 after purchasing an additional 89,358 shares during the period. Victory Capital Management Inc. increased its holdings in shares of Hasbro by 160.5% in the fourth quarter. Victory Capital Management Inc. now owns 1,860,233 shares of the company’s stock valued at $169,076,000 after purchasing an additional 1,145,999 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Hasbro by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 1,444,609 shares of the company’s stock valued at $131,078,000 after purchasing an additional 19,821 shares during the period. 77.90% of the stock is currently owned by institutional investors.
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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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