Hasbro (NASDAQ:HAS) CFO Gina Goetter Sells 11,000 Shares of Stock

Hasbro, Inc. (NASDAQ:HAS) CFO Gina Goetter sold 11,000 shares of the business’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $95.44, for a total transaction of $1,049,840.00. Following the completion of the transaction, the chief financial officer owned 88,104 shares in the company, valued at approximately $8,408,645.76. The trade was a 11.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Hasbro Stock Performance

Shares of Hasbro stock traded down $1.18 on Wednesday, reaching $95.16. 1,913,596 shares of the company traded hands, compared to its average volume of 2,024,307. The company has a 50 day moving average of $84.14 and a 200 day moving average of $90.48. The company has a debt-to-equity ratio of 4.16, a current ratio of 1.66 and a quick ratio of 1.46. Hasbro, Inc. has a 52 week low of $69.50 and a 52 week high of $106.98. The firm has a market capitalization of $13.46 billion, a PE ratio of 17.12, a PEG ratio of 1.66 and a beta of 0.49.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Tuesday, July 21st. The company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.12. The company had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Hasbro had a net margin of 15.97% and a return on equity of 141.11%. Hasbro’s revenue was up 16.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.30 EPS. Equities analysts forecast that Hasbro, Inc. will post 6.13 earnings per share for the current year.

Hasbro Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Wednesday, August 19th. Hasbro’s dividend payout ratio (DPR) is currently 50.36%.

Analyst Upgrades and Downgrades

HAS has been the topic of a number of recent research reports. Bank of America dropped their price target on Hasbro from $115.00 to $105.00 and set a “buy” rating on the stock in a research report on Thursday, July 16th. Citigroup reissued a “buy” rating on shares of Hasbro in a report on Thursday, July 23rd. Jefferies Financial Group lowered their price objective on Hasbro from $120.00 to $110.00 and set a “buy” rating on the stock in a research note on Thursday, July 16th. JPMorgan Chase & Co. dropped their price objective on shares of Hasbro from $125.00 to $111.00 and set an “overweight” rating on the stock in a report on Wednesday, July 22nd. Finally, Argus increased their target price on shares of Hasbro from $90.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Twelve investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $109.07.

Institutional Investors Weigh In On Hasbro

Several institutional investors have recently made changes to their positions in HAS. CYBER HORNET ETFs LLC bought a new position in Hasbro in the 2nd quarter worth about $25,000. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Hasbro in the fourth quarter worth about $27,000. MUFG Securities EMEA plc purchased a new stake in shares of Hasbro in the second quarter worth about $28,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Hasbro by 1,190.0% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 387 shares of the company’s stock valued at $32,000 after acquiring an additional 357 shares during the period. Finally, Cedar Mountain Advisors LLC bought a new position in shares of Hasbro in the first quarter valued at approximately $37,000. Hedge funds and other institutional investors own 91.83% of the company’s stock.

About Hasbro

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.