Insider Selling: Hasbro (NASDAQ:HAS) Insider Sells $298,560.06 in Stock

Hasbro, Inc. (NASDAQ:HAS) insider John Hight sold 3,186 shares of the firm’s stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $93.71, for a total transaction of $298,560.06. Following the transaction, the insider directly owned 67,557 shares of the company’s stock, valued at approximately $6,330,766.47. This trade represents a 4.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Hasbro Trading Down 0.6%

Shares of Hasbro stock opened at $93.94 on Friday. Hasbro, Inc. has a 1 year low of $69.50 and a 1 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. The business has a 50 day moving average price of $84.47 and a 200 day moving average price of $90.61. The company has a market capitalization of $13.29 billion, a P/E ratio of 16.90, a P/E/G ratio of 1.73 and a beta of 0.49.

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

Hasbro Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Wednesday, August 19th. Hasbro’s dividend payout ratio is currently 50.36%.

Analyst Ratings Changes

HAS has been the subject of a number of recent research reports. Morgan Stanley lifted their price objective on Hasbro from $122.00 to $123.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. UBS Group restated a “buy” rating and set a $120.00 price objective on shares of Hasbro in a report on Monday, July 27th. Citigroup reissued a “buy” rating on shares of Hasbro in a research report on Thursday, July 23rd. BNP Paribas Exane decreased their price target on shares of Hasbro from $117.00 to $114.00 and set an “outperform” rating for the company in a research report on Wednesday, July 15th. Finally, Jefferies Financial Group lowered their price target on Hasbro from $120.00 to $110.00 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 and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $109.07.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Brighton Jones LLC acquired a new position in Hasbro in the 4th quarter worth $317,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Hasbro by 11.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,563 shares of the company’s stock valued at $1,018,000 after acquiring an additional 1,753 shares in the last quarter. Empowered Funds LLC increased its position in shares of Hasbro by 95.8% during the first quarter. Empowered Funds LLC now owns 13,187 shares of the company’s stock worth $811,000 after acquiring an additional 6,451 shares during the last quarter. Woodline Partners LP lifted its stake in shares of Hasbro by 40.7% in the first quarter. Woodline Partners LP now owns 11,078 shares of the company’s stock worth $681,000 after acquiring an additional 3,203 shares in the last quarter. Finally, Focus Partners Wealth acquired a new position in shares of Hasbro in the first quarter worth about $292,000. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Hasbro News Summary

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

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.