Hasbro (NASDAQ:HAS) Stock: Insider Gina Goetter Sells 7,262 Shares

Hasbro, Inc. (NASDAQ:HAS) CFO Gina Goetter sold 7,262 shares of the company’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $118.99, for a total transaction of $864,105.38. Following the completion of the transaction, the chief financial officer owned 72,577 shares of the company’s stock, valued at approximately $8,635,937.23. The trade was a 9.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Hasbro Stock Down 0.3%

Shares of NASDAQ HAS traded down $0.39 during mid-day trading on Tuesday, reaching $117.97. The company had a trading volume of 1,486,632 shares, compared to its average volume of 1,993,107. The firm has a 50 day simple moving average of $96.87 and a two-hundred day simple moving average of $92.52. Hasbro, Inc. has a 52-week low of $74.78 and a 52-week high of $121.04. The company has a current ratio of 1.40, a quick ratio of 1.24 and a debt-to-equity ratio of 2.79. The stock has a market cap of $16.64 billion, a P/E ratio of 17.63, a PEG ratio of 1.54 and a beta of 0.45.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Tuesday, October 20th. The company reported $2.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $1.04. Hasbro had a net margin of 18.44% and a return on equity of 140.60%. The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the previous year, the company earned $1.68 earnings per share. Hasbro’s quarterly revenue was up 15.0% compared to the same quarter last year. Sell-side analysts predict that Hasbro, Inc. will post 6.69 earnings per share for the current year.

Hasbro Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 2nd. Shareholders of record on Wednesday, November 18th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $2.80 annualized dividend and a dividend yield of 2.4%. Hasbro’s dividend payout ratio (DPR) is presently 41.85%.

Analyst Ratings Changes

HAS has been the subject of several research reports. Argus boosted their target price on Hasbro from $90.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Roth Capital restated a “buy” rating on shares of Hasbro in a research note on Wednesday, October 21st. Bank of America cut 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. Wells Fargo & Company lifted their price target on Hasbro from $90.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 21st. Finally, The Goldman Sachs Group reduced their price objective on Hasbro from $117.00 to $115.00 and set a “buy” rating for the company in a research note on Monday, September 21st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Hasbro currently has an average rating of “Moderate Buy” and an average target price of $114.93.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Pension & Wealth Management Advisors Inc. purchased a new stake in shares of Hasbro in the third quarter valued at about $27,000. Community Bank N.A. purchased a new position in shares of Hasbro during the second quarter worth about $26,000. Retirement Wealth Solutions LLC grew its holdings in shares of Hasbro by 1,741.2% during the third quarter. Retirement Wealth Solutions LLC now owns 313 shares of the company’s stock worth $27,000 after buying an additional 296 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position in Hasbro by 1,190.0% in the 2nd 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 acquired a new position in Hasbro in the 1st quarter valued at about $37,000. 91.83% of the stock is owned by hedge funds and other institutional investors.

Hasbro Company Profile

Hasbro, Inc is a global branded entertainment company that develops and markets toys, games, entertainment experiences and consumer products. Its portfolio includes well-known brands such as Monopoly, Play-Doh, Transformers, Nerf, My Little Pony, Dungeons & Dragons and Magic: The Gathering.

The company serves consumers through a range of channels, including retail, e-commerce, digital gaming, entertainment content and licensing. Hasbro also works with third-party partners to extend its brands into film and television, apparel, publishing and other consumer products.