Traders Purchase High Volume of Put Options on Hasbro (NASDAQ:HAS)

Hasbro, Inc. (NASDAQ:HAS) was the target of unusually large options trading on Monday. Investors acquired 10,735 put options on the company. This represents an increase of 3,341% compared to the typical daily volume of 312 put options.

A number of equities analysts have weighed in on the company. BidaskClub upgraded Hasbro from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, September 17th. Barclays upped their target price on Hasbro from $115.00 to $130.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. DA Davidson restated a “buy” rating on shares of Hasbro in a research note on Friday, August 23rd. Wells Fargo & Co upped their target price on Hasbro from $95.00 to $111.00 and gave the stock a “market perform” rating in a research note on Thursday, August 1st. Finally, MKM Partners upped their target price on Hasbro from $123.00 to $126.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Seven analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $123.21.

Shares of Hasbro stock opened at $100.02 on Wednesday. The company has a current ratio of 2.64, a quick ratio of 2.11 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $15.39 billion, a PE ratio of 25.98, a price-to-earnings-growth ratio of 2.39 and a beta of 1.09. The business’s 50-day moving average price is $117.60 and its 200-day moving average price is $107.82. Hasbro has a 12 month low of $76.84 and a 12 month high of $126.87.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $1.84 EPS for the quarter, missing the consensus estimate of $2.18 by ($0.34). The firm had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.71 billion. Hasbro had a net margin of 6.69% and a return on equity of 30.92%. Hasbro’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter last year, the company posted $1.93 earnings per share. As a group, analysts predict that Hasbro will post 4.79 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be given a dividend of $0.68 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $2.72 annualized dividend and a dividend yield of 2.72%. Hasbro’s dividend payout ratio (DPR) is presently 70.65%.

Several institutional investors have recently made changes to their positions in the company. Prospera Financial Services Inc lifted its holdings in Hasbro by 28.9% in the 3rd quarter. Prospera Financial Services Inc now owns 3,144 shares of the company’s stock worth $373,000 after buying an additional 704 shares during the period. State of Michigan Retirement System lifted its holdings in Hasbro by 1.8% in the 3rd quarter. State of Michigan Retirement System now owns 28,239 shares of the company’s stock worth $3,352,000 after buying an additional 500 shares during the period. World Asset Management Inc lifted its holdings in Hasbro by 3.0% in the 3rd quarter. World Asset Management Inc now owns 9,060 shares of the company’s stock worth $1,075,000 after buying an additional 263 shares during the period. Moors & Cabot Inc. purchased a new stake in Hasbro in the 3rd quarter worth approximately $274,000. Finally, BLB&B Advisors LLC purchased a new stake in Hasbro in the 3rd quarter worth approximately $209,000. Hedge funds and other institutional investors own 86.35% of the company’s stock.

About Hasbro

Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. The company's U.S. and Canada segment markets and sells action figures, arts and crafts, and creative play products; electronic toys and related electronic interactive products; fashion and other dolls, infant products, play sets, preschool toys, plush products, and sports action blasters and accessories; and vehicles and toy-related specialty products, as well as traditional board games, and trading card and role-playing games primarily in the United States and Canada.

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