Hasbro (NASDAQ:HAS) Insider Holly Barbacovi Sells 5,057 Shares

Hasbro, Inc. (NASDAQ:HAS) insider Holly Barbacovi sold 5,057 shares of the business’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $94.20, for a total transaction of $476,369.40. Following the completion of the transaction, the insider directly owned 37,486 shares of the company’s stock, valued at approximately $3,531,181.20. This represents a 11.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Hasbro Price Performance

Shares of NASDAQ:HAS opened at $93.20 on Wednesday. The company’s fifty day moving average price is $88.60 and its 200-day moving average price is $91.06. The firm has a market capitalization of $13.15 billion, a price-to-earnings ratio of 16.76, a PEG ratio of 1.71 and a beta of 0.47. Hasbro, Inc. has a one year low of $69.50 and a one year high of $106.98. The company has a debt-to-equity ratio of 4.16, a current ratio of 1.66 and a quick ratio of 1.46.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Tuesday, July 21st. The company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.12. Hasbro had a net margin of 15.97% and a return on equity of 141.11%. The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter last year, the company posted $1.30 EPS. The business’s quarterly revenue was up 16.2% on a year-over-year basis. On average, equities research analysts anticipate that Hasbro, Inc. will post 6.18 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be given a dividend of $0.70 per share. The ex-dividend date is Wednesday, August 19th. This represents a $2.80 dividend on an annualized basis and a yield of 3.0%. Hasbro’s dividend payout ratio (DPR) is presently 50.36%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Focus Partners Advisor Solutions LLC purchased a new position in Hasbro in the 2nd quarter worth approximately $758,000. Nomura Asset Management Co. Ltd. boosted its stake in shares of Hasbro by 734.6% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 33,783 shares of the company’s stock valued at $2,770,000 after purchasing an additional 29,735 shares during the period. Capital Research Global Investors grew its holdings in shares of Hasbro by 5.3% in the fourth quarter. Capital Research Global Investors now owns 3,225,875 shares of the company’s stock worth $264,522,000 after purchasing an additional 162,354 shares during the last quarter. California State Teachers Retirement System grew its holdings in shares of Hasbro by 24.5% in the first quarter. California State Teachers Retirement System now owns 156,866 shares of the company’s stock worth $14,683,000 after purchasing an additional 30,825 shares during the last quarter. Finally, Brighton Jones LLC purchased a new position in shares of Hasbro in the fourth quarter worth $317,000. 91.83% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. cut their price objective on Hasbro from $125.00 to $111.00 and set an “overweight” rating for the company in a report on Wednesday, July 22nd. Bank of America decreased their price objective on Hasbro from $115.00 to $105.00 and set a “buy” rating on the stock in a report on Thursday, July 16th. Roth Capital restated a “buy” rating on shares of Hasbro in a research report on Wednesday, July 22nd. DA Davidson cut their target price on Hasbro from $100.00 to $95.00 and set a “neutral” rating for the company in a research note on Wednesday, July 22nd. Finally, Zacks Research cut shares of Hasbro from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. Twelve investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $109.43.

About Hasbro

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.