Hasbro (NASDAQ:HAS) Insider Timothy Kilpin Sells 7,773 Shares

Hasbro, Inc. (NASDAQ:HASGet Free Report) insider Timothy Kilpin sold 7,773 shares of the stock in a transaction on Friday, February 13th. The stock was sold at an average price of $103.00, for a total transaction of $800,619.00. Following the transaction, the insider owned 36,528 shares in the company, valued at approximately $3,762,384. This trade represents a 17.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Hasbro Stock Performance

HAS traded up $0.12 on Tuesday, hitting $102.57. The company had a trading volume of 750,138 shares, compared to its average volume of 2,126,851. Hasbro, Inc. has a 1-year low of $49.00 and a 1-year high of $106.98. The stock has a market cap of $14.39 billion, a price-to-earnings ratio of -43.64, a price-to-earnings-growth ratio of 1.79 and a beta of 0.56. The company has a debt-to-equity ratio of 4.89, a current ratio of 1.38 and a quick ratio of 1.24. The company’s fifty day moving average price is $87.93 and its 200 day moving average price is $81.35.

Hasbro (NASDAQ:HASGet Free Report) last released its earnings results on Tuesday, February 10th. The company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.52. Hasbro had a negative net margin of 6.86% and a positive return on equity of 127.21%. The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the previous year, the business earned $0.46 EPS. The business’s revenue was up 31.3% on a year-over-year basis. Equities analysts predict that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 4th. Stockholders of record on Wednesday, February 18th will be given a dividend of $0.70 per share. The ex-dividend date is Wednesday, February 18th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.7%. Hasbro’s payout ratio is currently -119.15%.

Key Stories Impacting Hasbro

Here are the key news stories impacting Hasbro this week:

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Brighton Jones LLC bought a new position in shares of Hasbro in the fourth quarter valued at approximately $317,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Hasbro by 11.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,563 shares of the company’s stock valued at $1,018,000 after acquiring an additional 1,753 shares during the period. Empowered Funds LLC increased its stake in shares of Hasbro by 95.8% during the 1st quarter. Empowered Funds LLC now owns 13,187 shares of the company’s stock worth $811,000 after purchasing an additional 6,451 shares during the last quarter. Woodline Partners LP raised its holdings in shares of Hasbro by 40.7% in the 1st quarter. Woodline Partners LP now owns 11,078 shares of the company’s stock worth $681,000 after purchasing an additional 3,203 shares during the period. Finally, Focus Partners Wealth purchased a new position in Hasbro in the first quarter valued at approximately $292,000. 91.83% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Seaport Research Partners upgraded Hasbro to a “strong-buy” rating in a research report on Monday, November 10th. Roth Mkm set a $120.00 price objective on shares of Hasbro in a research report on Wednesday, February 11th. Citigroup increased their price target on shares of Hasbro from $97.00 to $118.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. Wall Street Zen raised shares of Hasbro from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 7th. Finally, The Goldman Sachs Group upped their price target on shares of Hasbro from $88.00 to $114.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Ten analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $113.73.

Read Our Latest Stock Report on HAS

About Hasbro

(Get Free Report)

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.

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Insider Buying and Selling by Quarter for Hasbro (NASDAQ:HAS)

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