Wiebe Tinga Sells 25,009 Shares of Hasbro, Inc. (HAS) Stock
Hasbro, Inc. (NASDAQ:HAS) EVP Wiebe Tinga sold 25,009 shares of the stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $94.92, for a total value of $2,373,854.28. Following the completion of the transaction, the executive vice president now directly owns 75,639 shares in the company, valued at approximately $7,179,653.88. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Wiebe Tinga also recently made the following trade(s):
- On Wednesday, August 2nd, Wiebe Tinga sold 25,000 shares of Hasbro stock. The shares were sold at an average price of $104.01, for a total value of $2,600,250.00.
Hasbro, Inc. (HAS) traded up 0.47% during trading on Wednesday, reaching $95.28. The company’s stock had a trading volume of 1,117,012 shares. The company has a market cap of $11.92 billion, a P/E ratio of 20.64 and a beta of 0.90. The stock’s 50-day moving average is $104.46 and its 200 day moving average is $102.30. Hasbro, Inc. has a 12 month low of $76.14 and a 12 month high of $116.20.
Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Monday, July 24th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.07. Hasbro had a net margin of 11.44% and a return on equity of 32.24%. The company had revenue of $972.51 million during the quarter, compared to analysts’ expectations of $974.19 million. During the same period last year, the company posted $0.41 EPS. Hasbro’s revenue was up 10.6% on a year-over-year basis. On average, equities analysts forecast that Hasbro, Inc. will post $5.07 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $2.28 dividend on an annualized basis and a yield of 2.39%. Hasbro’s dividend payout ratio (DPR) is currently 49.35%.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Acrospire Investment Management LLC boosted its position in shares of Hasbro by 11.1% in the first quarter. Acrospire Investment Management LLC now owns 1,000 shares of the company’s stock worth $100,000 after buying an additional 100 shares during the period. YorkBridge Wealth Partners LLC boosted its position in shares of Hasbro by 337.1% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,132 shares of the company’s stock worth $113,000 after buying an additional 873 shares during the period. TrimTabs Asset Management LLC acquired a new position in shares of Hasbro during the first quarter worth about $119,000. Meeder Asset Management Inc. acquired a new position in shares of Hasbro during the first quarter worth about $131,000. Finally, Oakworth Capital Inc. boosted its position in shares of Hasbro by 7.2% in the second quarter. Oakworth Capital Inc. now owns 1,207 shares of the company’s stock worth $135,000 after buying an additional 81 shares during the period. 79.66% of the stock is owned by institutional investors.
HAS has been the topic of a number of analyst reports. Jefferies Group LLC set a $125.00 price target on Hasbro and gave the company a “buy” rating in a research note on Monday, August 21st. Zacks Investment Research raised Hasbro from a “hold” rating to a “buy” rating and set a $117.00 price target on the stock in a research note on Thursday, June 1st. BidaskClub cut shares of Hasbro from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 12th. DA Davidson restated a “buy” rating and issued a $118.00 price objective on shares of Hasbro in a research report on Tuesday, May 23rd. Finally, Argus began coverage on shares of Hasbro in a research report on Friday, June 16th. They issued a “buy” rating and a $128.00 price objective for the company. Eleven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $105.40.
Hasbro Company Profile
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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