Traders Buy Large Volume of Call Options on Hasbro (NASDAQ:HAS)

Hasbro, Inc. (NASDAQ:HAS) was the recipient of some unusual options trading on Tuesday. Investors acquired 27,601 call options on the stock. This is an increase of 1,396% compared to the typical volume of 1,845 call options.

Analyst Upgrades and Downgrades

HAS has been the subject of several research analyst reports. Wolfe Research boosted their price target on shares of Hasbro from $89.00 to $90.00 in a report on Wednesday, October 29th. Wall Street Zen raised shares of Hasbro from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. Seaport Res Ptn upgraded Hasbro to a “strong-buy” rating in a report on Monday, November 10th. The Goldman Sachs Group increased their price objective on Hasbro from $89.00 to $90.00 and gave the stock a “buy” rating in a report on Friday, October 24th. Finally, Bank of America increased their price objective on Hasbro from $95.00 to $100.00 and gave the company a “buy” rating in a report on Monday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $89.33.

Hasbro Stock Down 1.2%

NASDAQ HAS traded down $0.96 during mid-day trading on Tuesday, hitting $76.09. The company’s stock had a trading volume of 782,223 shares, compared to its average volume of 1,952,434. The firm has a market capitalization of $10.68 billion, a price-to-earnings ratio of -18.99, a PEG ratio of 0.98 and a beta of 0.61. Hasbro has a twelve month low of $49.00 and a twelve month high of $82.19. The company has a current ratio of 1.70, a quick ratio of 1.42 and a debt-to-equity ratio of 7.65. The company’s 50 day simple moving average is $75.99 and its 200 day simple moving average is $74.09.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Thursday, October 23rd. The company reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.05. Hasbro had a negative net margin of 12.81% and a positive return on equity of 82.17%. The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the prior year, the business earned $1.73 earnings per share. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. Analysts anticipate that Hasbro will post 4.33 earnings per share for the current year.

Hasbro Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 3rd. Shareholders of record on Wednesday, November 19th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Wednesday, November 19th. Hasbro’s dividend payout ratio (DPR) is -69.83%.

Insider Buying and Selling at Hasbro

In other Hasbro news, Director Hope F. Cochran sold 4,000 shares of the business’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $77.24, for a total transaction of $308,960.00. Following the sale, the director directly owned 17,102 shares of the company’s stock, valued at $1,320,958.48. The trade was a 18.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Christian P. Cocks sold 27,800 shares of the company’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $78.92, for a total value of $2,193,976.00. Following the sale, the chief executive officer owned 249,861 shares of the company’s stock, valued at approximately $19,719,030.12. This trade represents a 10.01% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 40,357 shares of company stock worth $3,199,818 over the last quarter. 0.85% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Hasbro

Several hedge funds have recently made changes to their positions in HAS. CYBER HORNET ETFs LLC purchased a new stake in shares of Hasbro in the 2nd quarter worth about $25,000. MUFG Securities EMEA plc bought a new position in shares of Hasbro in the 2nd quarter worth approximately $28,000. SBI Securities Co. Ltd. raised its position in Hasbro by 130.0% in the first quarter. SBI Securities Co. Ltd. now owns 476 shares of the company’s stock worth $29,000 after acquiring an additional 269 shares during the period. First Horizon Corp purchased a new stake in shares of Hasbro in the third quarter worth $29,000. Finally, Foster Dykema Cabot & Partners LLC bought a new position in Hasbro in the 3rd quarter worth $34,000. 91.83% of the stock is owned by hedge funds and other institutional investors.

Hasbro Company Profile

Hasbro, Inc, together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments.