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 company’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 transaction, the executive vice president now directly owns 36,828 shares in the company, valued at approximately $2,396,029.68. The trade was a 4.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Hasbro Stock Performance

NASDAQ HAS opened at $65.32 on Wednesday. The stock has a market capitalization of $9.11 billion, a PE ratio of -14.08, a P/E/G ratio of 0.60 and a beta of 0.62. The business has a 50 day simple moving average of $67.50 and a two-hundred day simple moving average of $64.53. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.47 and a quick ratio of 1.29. Hasbro, Inc. has a 1-year low of $46.09 and a 1-year high of $73.46.

Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Thursday, October 24th. The company reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.45. The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.30 billion. Hasbro had a positive return on equity of 47.91% and a negative net margin of 14.83%. The firm’s revenue for the quarter was down 14.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.64 EPS. On average, research analysts predict that Hasbro, Inc. will post 3.93 EPS for the current fiscal year.

Hasbro Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.29%. The ex-dividend date is Wednesday, November 20th. Hasbro’s payout ratio is -60.34%.

Institutional Investors Weigh In On Hasbro

Institutional investors and hedge funds have recently modified their holdings of the business. Plato Investment Management Ltd bought a new stake in shares of Hasbro during the 2nd quarter worth approximately $27,000. Asset Dedication LLC lifted its stake in shares of Hasbro by 290.1% during the 2nd quarter. Asset Dedication LLC now owns 472 shares of the company’s stock worth $28,000 after acquiring an additional 351 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Hasbro by 224.8% during the 3rd quarter. Blue Trust Inc. now owns 432 shares of the company’s stock worth $31,000 after acquiring an additional 299 shares during the last quarter. True Wealth Design LLC bought a new stake in shares of Hasbro during the 3rd quarter worth approximately $31,000. Finally, Itau Unibanco Holding S.A. bought a new stake in shares of Hasbro during the 3rd quarter worth approximately $40,000. 91.83% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

HAS has been the topic of a number of research analyst reports. Jefferies Financial Group upped their price target on Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. JPMorgan Chase & Co. increased their target price on Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Morgan Stanley upped their price target on Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Stifel Nicolaus upped their price target on Hasbro from $78.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Finally, DA Davidson upped their price target on Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.