Shares of Hasbro, Inc. (NASDAQ:HAS) hit a new 52-week high and low during mid-day trading on Monday . The stock traded as low as $83.40 and last traded at $84.34, with a volume of 471404 shares trading hands. The stock had previously closed at $84.30.
Several brokerages have recently issued reports on HAS. Wells Fargo reiterated a “market perform” rating and issued a $100.00 price objective (up from $95.00) on shares of Hasbro in a research note on Thursday, February 8th. BidaskClub upgraded Hasbro from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. B. Riley increased their price objective on Hasbro from $108.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. KeyCorp increased their price objective on Hasbro from $105.00 to $110.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. Finally, BMO Capital Markets increased their price objective on Hasbro from $83.00 to $100.00 and gave the company a “market perform” rating in a research note on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $106.64.
The firm has a market cap of $10,468.18, a P/E ratio of 15.34, a price-to-earnings-growth ratio of 1.37 and a beta of 0.87. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.90 and a quick ratio of 2.56.
Hasbro (NASDAQ:HAS) last posted its earnings results on Wednesday, February 7th. The company reported $2.30 EPS for the quarter, beating the consensus estimate of $1.82 by $0.48. The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.72 billion. Hasbro had a return on equity of 36.36% and a net margin of 7.61%. Hasbro’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.64 earnings per share. analysts anticipate that Hasbro, Inc. will post 5.26 earnings per share for the current fiscal year.
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 issued a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 3.01%. The ex-dividend date is Monday, April 30th. This is a positive change from Hasbro’s previous quarterly dividend of $0.57. Hasbro’s dividend payout ratio is 41.76%.
In other Hasbro news, CEO Brian Goldner sold 308,164 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now owns 101,134 shares of the company’s stock, valued at $9,806,963.98. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Barbara Finigan sold 20,408 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $98.23, for a total value of $2,004,677.84. Following the transaction, the executive vice president now directly owns 19,422 shares in the company, valued at approximately $1,907,823.06. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 394,435 shares of company stock worth $38,337,975. Corporate insiders own 11.00% of the company’s stock.
Several hedge funds have recently modified their holdings of the business. New Mexico Educational Retirement Board boosted its stake in shares of Hasbro by 4.8% during the fourth quarter. New Mexico Educational Retirement Board now owns 10,959 shares of the company’s stock worth $996,000 after buying an additional 500 shares during the period. Raymond James Trust N.A. boosted its stake in shares of Hasbro by 11.3% during the fourth quarter. Raymond James Trust N.A. now owns 5,361 shares of the company’s stock worth $488,000 after buying an additional 546 shares during the period. MML Investors Services LLC boosted its stake in shares of Hasbro by 7.2% during the fourth quarter. MML Investors Services LLC now owns 8,496 shares of the company’s stock worth $772,000 after buying an additional 571 shares during the period. Norinchukin Bank The lifted its position in Hasbro by 7.0% in the fourth 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 period. Finally, CENTRAL TRUST Co lifted its position in Hasbro by 18.3% in the fourth quarter. CENTRAL TRUST Co now owns 4,361 shares of the company’s stock valued at $397,000 after purchasing an additional 675 shares during the period. 80.82% of the stock is currently owned by institutional investors.
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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