Hasbro Target of Unusually Large Options Trading (NASDAQ:HAS)

Hasbro, Inc. (NASDAQ:HAS) saw unusually large options trading on Monday. Stock traders bought 28,032 call options on the company. This is an increase of approximately 576% compared to the typical daily volume of 4,144 call options.

Hasbro Stock Down 0.3 %

HAS stock opened at $64.28 on Tuesday. The firm has a market cap of $8.92 billion, a PE ratio of -6.34, a P/E/G ratio of 1.09 and a beta of 0.74. Hasbro has a 12 month low of $42.66 and a 12 month high of $73.57. The company has a debt-to-equity ratio of 2.88, a current ratio of 1.11 and a quick ratio of 0.93. The firm has a 50 day simple moving average of $54.70 and a 200 day simple moving average of $51.13.

Hasbro (NASDAQ:HAS) last announced its earnings results on Wednesday, April 24th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.34. Hasbro had a positive return on equity of 25.41% and a negative net margin of 29.60%. The company had revenue of $757.30 million for the quarter, compared to analyst estimates of $739.84 million. During the same period in the previous year, the firm earned $0.01 earnings per share. Hasbro’s revenue for the quarter was down 24.3% compared to the same quarter last year. Equities research analysts forecast that Hasbro will post 3.46 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.36%. The ex-dividend date is Tuesday, April 30th. Hasbro’s dividend payout ratio (DPR) is currently -27.61%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Bank of America increased their price objective on shares of Hasbro from $60.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, April 25th. Stifel Nicolaus raised their price target on Hasbro from $64.00 to $67.00 and gave the stock a “buy” rating in a report on Monday, April 15th. JPMorgan Chase & Co. boosted their price objective on Hasbro from $52.00 to $54.00 and gave the company a “neutral” rating in a research report on Wednesday, February 14th. StockNews.com upgraded Hasbro from a “sell” rating to a “hold” rating in a research note on Wednesday, April 24th. Finally, TheStreet downgraded shares of Hasbro from a “c-” rating to a “d+” rating in a report on Tuesday, February 13th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Hasbro currently has an average rating of “Hold” and a consensus price target of $66.36.

Institutional Trading of Hasbro

Several hedge funds and other institutional investors have recently modified their holdings of HAS. Studio Investment Management LLC purchased a new position in Hasbro during the third quarter valued at approximately $26,000. ING Groep NV purchased a new position in shares of Hasbro during the 3rd quarter valued at $29,000. Lindbrook Capital LLC increased its stake in shares of Hasbro by 56.2% in the first quarter. Lindbrook Capital LLC now owns 464 shares of the company’s stock worth $26,000 after acquiring an additional 167 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Hasbro by 300.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 544 shares of the company’s stock worth $28,000 after acquiring an additional 408 shares in the last quarter. Finally, Orion Capital Management LLC purchased a new position in Hasbro in the third quarter valued at about $37,000. Institutional investors and hedge funds own 91.83% of the company’s stock.

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.