News stories about Hasbro (NASDAQ:HAS) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern rates the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Hasbro earned a coverage optimism score of 0.04 on Accern’s scale. Accern also gave news headlines about the company an impact score of 44.2271655902619 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- Toys R Us’s likely liquidation will have a ripple effect (marketbeat.com)
- Hasbro to use bio-based packaging in 2019 – Recycling Today (recyclingtoday.com)
- Toys ‘R’ Us prepares plan to liquidate – Seeking Alpha (seekingalpha.com)
- Toys ‘R’ Us is said to miss vendor payments as woes mount – Honolulu Star-Advertiser (staradvertiser.com)
- Hasbro, Inc. (HAS) Stock Rides the ‘Black Panther’ Wave – Yahoo News (finance.yahoo.com)
Shares of Hasbro (HAS) traded down $0.82 during trading hours on Wednesday, hitting $88.53. 2,079,344 shares of the stock traded hands, compared to its average volume of 1,800,000. The stock has a market capitalization of $10,990.00, a P/E ratio of 16.07, a price-to-earnings-growth ratio of 1.43 and a beta of 0.82. The company has a current ratio of 2.90, a quick ratio of 2.56 and a debt-to-equity ratio of 0.93. Hasbro has a 1-year low of $87.58 and a 1-year high of $116.20.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 15th. Stockholders of record on Tuesday, May 1st will be issued a $0.63 dividend. This is an increase from Hasbro’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend is Monday, April 30th. This represents a $2.52 annualized dividend and a dividend yield of 2.85%. Hasbro’s payout ratio is presently 41.38%.
HAS has been the topic of a number of recent research reports. BidaskClub lowered shares of Hasbro from a “hold” rating to a “sell” rating in a research note on Wednesday, February 28th. DA Davidson set a $124.00 price objective on shares of Hasbro and gave the company a “buy” rating in a research note on Tuesday, November 14th. Zacks Investment Research upgraded shares of Hasbro from a “sell” rating to a “hold” rating in a research note on Wednesday, January 24th. BMO Capital Markets dropped their price objective on shares of Hasbro from $100.00 to $96.00 and set a “market perform” rating on the stock in a research note on Thursday, March 8th. They noted that the move was a valuation call. Finally, B. Riley initiated coverage on shares of Hasbro in a research note on Thursday, December 21st. They issued a “buy” rating and a $108.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. Hasbro presently has an average rating of “Hold” and a consensus price target of $109.50.
In related news, CFO Deborah Thomas sold 6,000 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $96.33, for a total transaction of $577,980.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Wiebe Tinga sold 3,955 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $97.19, for a total transaction of $384,386.45. The disclosure for this sale can be found here. In the last ninety days, insiders sold 394,435 shares of company stock worth $38,337,975. Insiders own 11.00% of the company’s stock.
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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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