Hasbro (NASDAQ:HAS) CFO Gina Goetter Sells 8,265 Shares of Stock

Hasbro, Inc. (NASDAQ:HAS) CFO Gina Goetter sold 8,265 shares of the business’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $93.96, for a total value of $776,579.40. Following the completion of the transaction, the chief financial officer owned 79,839 shares in the company, valued at $7,501,672.44. This trade represents a 9.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Hasbro Stock Performance

Shares of HAS stock opened at $93.94 on Friday. Hasbro, Inc. has a fifty-two week low of $69.50 and a fifty-two week high of $106.98. The stock’s 50-day moving average is $84.47 and its two-hundred day moving average is $90.61. The company has a debt-to-equity ratio of 4.16, a current ratio of 1.66 and a quick ratio of 1.46. The firm has a market cap of $13.29 billion, a P/E ratio of 16.90, a PEG ratio of 1.74 and a beta of 0.49.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Tuesday, July 21st. The company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.12. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.07 billion. Hasbro had a return on equity of 141.11% and a net margin of 15.97%.The firm’s revenue was up 16.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.30 EPS. Analysts predict that Hasbro, Inc. will post 6.13 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages have recently commented on HAS. UBS Group restated a “buy” rating and set a $120.00 price target on shares of Hasbro in a research note on Monday. Zacks Research lowered shares of Hasbro from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 13th. Wall Street Zen cut shares of Hasbro from a “buy” rating to a “hold” rating in a report on Saturday. Argus increased their target price on shares of Hasbro from $90.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Finally, Weiss Ratings lowered Hasbro from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, June 1st. Twelve research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Hasbro presently has a consensus rating of “Moderate Buy” and an average price target of $109.07.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. CYBER HORNET ETFs LLC bought a new position in Hasbro in the 2nd quarter worth $25,000. University of Texas Texas AM Investment Management Co. acquired a new position in Hasbro during the 4th quarter worth $27,000. MUFG Securities EMEA plc bought a new stake in Hasbro during the second quarter valued at about $28,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Hasbro by 1,190.0% during the second 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 stake in shares of Hasbro in the first quarter valued at about $37,000. 91.83% of the stock is currently owned by institutional investors and hedge funds.

More Hasbro News

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: Brokerages maintain a consensus “Moderate Buy” rating, with an average price target of $109.07 versus recent trading levels. Twelve analysts rate Hasbro a Buy, compared with three Holds and one Sell. Hasbro receives Moderate Buy consensus
• Positive Sentiment: Wizards of the Coast unveiled new Dungeons & Dragons initiatives, including a World of Warcraft crossover launching in November, along with planned Dark Sun and Star Wars experiences. The announcements could strengthen Hasbro’s licensing, gaming and fan-engagement opportunities. Dungeons and Dragons announcements
• Positive Sentiment: Hasbro prevailed in a long-running copyright dispute involving Peppa Pig and Vietnam’s Wolfoo, protecting an important intellectual-property asset and potentially limiting unauthorized competition. Peppa Pig copyright case
• Positive Sentiment: New Transformers: Age of the Primes action figures provide additional product support for one of Hasbro’s major brands. Transformers action figures
• Neutral Sentiment: Hasbro declared a quarterly dividend of $0.70, or $2.80 annually, representing an approximately 3% yield. The dividend is payable September 2 to shareholders of record August 19.
• Negative Sentiment: Insider selling may weigh on sentiment: CFO Gina Goetter sold 11,000 shares for about $1.05 million, while John Hight sold 3,186 shares for roughly $299,000. Timothy J. Kilpin also sold 20,000 shares, although that transaction was reported as being to cover tax withholding on vested equity awards. Hasbro insider sales

Hasbro Company Profile

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.