Hasbro (NASDAQ:HAS) Insider Timothy Kilpin Sells 20,000 Shares of Stock

Hasbro, Inc. (NASDAQ:HAS) insider Timothy Kilpin sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $93.12, for a total value of $1,862,400.00. Following the completion of the sale, the insider directly owned 54,229 shares in the company, valued at approximately $5,049,804.48. The trade was a 26.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Hasbro Trading Down 1.2%

Shares of HAS traded down $1.18 during midday trading on Wednesday, hitting $95.16. 1,913,596 shares of the stock were exchanged, compared to its average volume of 2,024,307. Hasbro, Inc. has a 52-week low of $69.50 and a 52-week high of $106.98. The stock has a fifty day simple moving average of $84.14 and a 200 day simple moving average of $90.48. The firm has a market cap of $13.46 billion, a P/E ratio of 17.12, a P/E/G ratio of 1.66 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.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings data 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 firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.07 billion. Hasbro had a return on equity of 141.11% and a net margin of 15.97%.The company’s quarterly revenue was up 16.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.30 EPS. On average, research analysts anticipate that Hasbro, Inc. will post 6.13 EPS for the current fiscal year.

Hasbro Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Wednesday, August 19th. Hasbro’s payout ratio is currently 50.36%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on HAS. Jefferies Financial Group reduced their price target on shares of Hasbro from $120.00 to $110.00 and set a “buy” rating on the stock in a research report on Thursday, July 16th. BNP Paribas Exane dropped their price objective on shares of Hasbro from $117.00 to $114.00 and set an “outperform” rating for the company in a report on Wednesday, July 15th. Weiss Ratings downgraded shares of Hasbro from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, June 1st. Wells Fargo & Company cut their target price on shares of Hasbro from $92.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Tuesday, June 9th. Finally, DA Davidson reduced their target price on shares of Hasbro from $100.00 to $95.00 and set a “neutral” rating on the stock in a report on Wednesday, July 22nd. Twelve analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Hasbro presently has an average rating of “Moderate Buy” and an average target price of $109.07.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. CYBER HORNET ETFs LLC purchased a new stake in shares of Hasbro in the 2nd quarter valued at approximately $25,000. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Hasbro during the 4th quarter worth $27,000. MUFG Securities EMEA plc acquired a new position in shares of Hasbro during the second quarter worth $28,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Hasbro by 1,190.0% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 387 shares of the company’s stock worth $32,000 after purchasing an additional 357 shares in the last quarter. Finally, Cedar Mountain Advisors LLC acquired a new position in shares of Hasbro during the first quarter worth $37,000. Hedge funds and other institutional investors own 91.83% of the company’s stock.

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.