Hasbro (NASDAQ:HAS) CFO Gina Goetter Sells 11,000 Shares

Hasbro, Inc. (NASDAQ:HAS) CFO Gina Goetter sold 11,000 shares of the company’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $95.44, for a total value of $1,049,840.00. Following the completion of the sale, the chief financial officer owned 88,104 shares of the company’s stock, valued at $8,408,645.76. This trade represents a 11.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Hasbro Price Performance

NASDAQ HAS opened at $95.17 on Thursday. The company has a market capitalization of $13.47 billion, a PE ratio of 17.12, a price-to-earnings-growth ratio of 1.77 and a beta of 0.49. The company has a debt-to-equity ratio of 4.16, a quick ratio of 1.46 and a current ratio of 1.66. The business’s fifty day moving average is $84.27 and its 200 day moving average is $90.53. Hasbro, Inc. has a fifty-two week low of $69.50 and a fifty-two week high of $106.98.

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

Hasbro Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be paid 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 dividend yield of 2.9%. Hasbro’s payout ratio is 50.36%.

Analyst Ratings Changes

A number of research firms have commented on HAS. Jefferies Financial Group decreased their target price on shares of Hasbro from $120.00 to $110.00 and set a “buy” rating on the stock in a research note on Thursday, July 16th. Wells Fargo & Company reduced their price objective on shares of Hasbro from $92.00 to $85.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 9th. Weiss Ratings downgraded shares of Hasbro from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, June 1st. DA Davidson lowered their target price on shares of Hasbro from $100.00 to $95.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 22nd. Finally, Bank of America dropped their target price on shares of Hasbro from $115.00 to $105.00 and set a “buy” rating for the company in a report on Thursday, July 16th. Twelve 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’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $109.07.

Institutional Investors Weigh In On Hasbro

Several institutional investors and hedge funds have recently modified their holdings of the stock. University of Texas Texas AM Investment Management Co. purchased a new position in Hasbro during the fourth quarter valued at $27,000. CYBER HORNET ETFs LLC purchased a new stake in Hasbro in the 2nd quarter worth $25,000. MUFG Securities EMEA plc purchased a new stake in Hasbro in the 2nd quarter worth $28,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Hasbro by 1,190.0% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 387 shares of the company’s stock valued at $32,000 after purchasing an additional 357 shares during the last quarter. Finally, Cedar Mountain Advisors LLC purchased a new position in shares of Hasbro during the first quarter valued at about $37,000. Institutional investors own 91.83% of the company’s stock.

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.