Hasbro, Inc. (HAS) EVP Stephen J. Davis Sells 937 Shares
Hasbro, Inc. (NASDAQ:HAS) EVP Stephen J. Davis sold 937 shares of the firm’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $94.96, for a total transaction of $88,977.52. Following the completion of the transaction, the executive vice president now directly owns 40,888 shares in the company, valued at approximately $3,882,724.48. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Hasbro, Inc. (NASDAQ:HAS) traded up 0.47% on Wednesday, reaching $95.28. 1,117,012 shares of the company’s stock were exchanged. The stock has a market cap of $11.92 billion, a price-to-earnings ratio of 20.64 and a beta of 0.90. The firm has a 50 day moving average of $104.46 and a 200-day moving average of $102.30. Hasbro, Inc. has a one year low of $76.14 and a one year high of $116.20.
Hasbro (NASDAQ:HAS) last posted its earnings results on Monday, July 24th. The company reported $0.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.07. The firm had revenue of $972.51 million for the quarter, compared to analyst estimates of $974.19 million. Hasbro had a return on equity of 32.24% and a net margin of 11.44%. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.41 earnings per share. Equities research analysts forecast that Hasbro, Inc. will post $5.07 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be issued a dividend of $0.57 per share. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $2.28 annualized dividend and a yield of 2.39%. Hasbro’s dividend payout ratio is presently 49.35%.
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Several research analysts recently commented on the stock. DA Davidson reaffirmed a “buy” rating and issued a $121.00 price target (up previously from $118.00) on shares of Hasbro in a research note on Saturday, July 22nd. Jefferies Group LLC reaffirmed a “buy” rating and issued a $125.00 price target on shares of Hasbro in a research note on Friday, July 21st. BidaskClub raised shares of Hasbro from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 8th. Zacks Investment Research downgraded shares of Hasbro from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $107.00 price target (up previously from $100.00) on shares of Hasbro in a research note on Thursday, July 13th. Eleven analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $105.40.
A number of hedge funds and other institutional investors have recently bought and sold shares of HAS. ING Groep NV purchased a new stake in shares of Hasbro during the first quarter worth approximately $2,167,000. Commerzbank Aktiengesellschaft FI raised its stake in shares of Hasbro by 99.1% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 13,815 shares of the company’s stock worth $1,379,000 after buying an additional 6,877 shares during the period. Wedge Capital Management L L P NC purchased a new stake in shares of Hasbro during the first quarter worth approximately $56,076,000. Barry Investment Advisors LLC raised its stake in shares of Hasbro by 4.2% in the first quarter. Barry Investment Advisors LLC now owns 6,096 shares of the company’s stock worth $609,000 after buying an additional 244 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of Hasbro by 3.5% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 18,052 shares of the company’s stock worth $1,802,000 after buying an additional 607 shares during the period. Hedge funds and other institutional investors own 79.66% of the company’s stock.
Hasbro, Inc (Hasbro) is a play and entertainment company. The Company’s operating segments include the U.S. and Canada, International, and Entertainment and Licensing. From toys and games to content development, including television programming, motion pictures, digital gaming and a consumer products licensing program, Hasbro fulfills the fundamental need for play and connection for children and families around the world.
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