Matthew Edward Austin Sells 1,718 Shares of Hasbro, Inc. (NASDAQ:HAS) Stock

Hasbro, Inc. (NASDAQ:HAS) EVP Matthew Edward Austin sold 1,718 shares of the firm’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $65.06, for a total value of $111,773.08. Following the completion of the sale, the executive vice president now owns 36,828 shares in the company, valued at approximately $2,396,029.68. This represents a 4.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Hasbro Stock Performance

Shares of Hasbro stock traded up $1.26 on Monday, reaching $65.15. 1,492,290 shares of the stock were exchanged, compared to its average volume of 1,622,492. The firm has a market capitalization of $9.09 billion, a PE ratio of -14.04, a PEG ratio of 0.60 and a beta of 0.63. Hasbro, Inc. has a 1-year low of $45.87 and a 1-year high of $73.46. The business has a fifty day moving average price of $67.77 and a two-hundred day moving average price of $64.46. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 2.64.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Thursday, October 24th. The company reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.45. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.30 billion. Hasbro had a positive return on equity of 47.91% and a negative net margin of 14.83%. Hasbro’s quarterly revenue was down 14.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.64 earnings per share. As a group, research analysts anticipate that Hasbro, Inc. will post 3.93 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.30%. The ex-dividend date of this dividend is Wednesday, November 20th. Hasbro’s dividend payout ratio (DPR) is -60.34%.

Hedge Funds Weigh In On Hasbro

Hedge funds have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its position in Hasbro by 2.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 181,123 shares of the company’s stock worth $10,238,000 after purchasing an additional 3,656 shares in the last quarter. Comerica Bank raised its position in shares of Hasbro by 11.1% during the 1st quarter. Comerica Bank now owns 57,090 shares of the company’s stock worth $3,227,000 after purchasing an additional 5,697 shares during the last quarter. Atria Investments Inc purchased a new position in shares of Hasbro during the first quarter valued at approximately $1,287,000. Cetera Investment Advisers grew its stake in Hasbro by 68.4% in the 1st quarter. Cetera Investment Advisers now owns 34,798 shares of the company’s stock worth $1,967,000 after acquiring an additional 14,128 shares during the period. Finally, Cetera Advisors LLC acquired a new position in Hasbro in the 1st quarter valued at $362,000. 91.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Morgan Stanley boosted their target price on Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Stifel Nicolaus upped their target price on shares of Hasbro from $78.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Jefferies Financial Group lifted their price target on shares of Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. DA Davidson raised their price objective on Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Finally, Bank of America upped their target price on Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Hasbro has a consensus rating of “Moderate Buy” and an average target price of $80.67.

About Hasbro

Hasbro, Inc, together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments.