Hasbro (NASDAQ:HAS) CEO Christian Cocks Sells 181,581 Shares of Stock

Hasbro, Inc. (NASDAQ:HAS) CEO Christian Cocks sold 181,581 shares of the company’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $103.86, for a total transaction of $18,859,002.66. Following the completion of the sale, the chief executive officer owned 249,861 shares of the company’s stock, valued at approximately $25,950,563.46. The trade was a 42.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Hasbro Stock Down 0.2%

Hasbro stock opened at $102.23 on Wednesday. Hasbro, Inc. has a fifty-two week low of $49.00 and a fifty-two week high of $106.98. The company has a debt-to-equity ratio of 4.89, a quick ratio of 1.24 and a current ratio of 1.38. The firm’s 50-day simple moving average is $88.38 and its 200 day simple moving average is $81.54. The stock has a market cap of $14.35 billion, a PE ratio of -43.50, a price-to-earnings-growth ratio of 1.79 and a beta of 0.56.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Tuesday, February 10th. The company reported $1.51 EPS for the quarter, beating the consensus estimate of $0.99 by $0.52. Hasbro had a negative net margin of 6.86% and a positive return on equity of 127.21%. The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter last year, the business posted $0.46 EPS. The company’s revenue for the quarter was up 31.3% on a year-over-year basis. Research analysts predict that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 4th. Investors of record on Wednesday, February 18th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Wednesday, February 18th. Hasbro’s dividend payout ratio (DPR) is -119.15%.

Trending Headlines about Hasbro

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: Unusually large call buying — traders purchased ~53,433 HAS call options (a ~4,451% jump vs. average), indicating significant bullish speculative interest that can push short-term upside.
• Positive Sentiment: Product/collector momentum — Hasbro unveiled new Marvel Legends figures (Professor Hulk, Aaron Davis Iron Spider), which support licensing and collectible sales in key categories. Professor Hulk and Aaron Davis Iron Spider Marvel Legends Series figures unveiled by Hasbro
• Positive Sentiment: Star Wars line refresh — new The Mandalorian & Grogu figures support ongoing revenue from an evergreen franchise and toy aisles/collectibles demand. Star Wars: The Mandalorian and Grogu figures revealed by Hasbro
• Neutral Sentiment: Limited Peppa Pig drop — Hasbro released a new Peppa Pig toy with restricted distribution; good for niche sales but limited broad impact. Hasbro quietly dropped a new Peppa Pig toy before the new season
• Neutral Sentiment: Transformers marketing event — Hasbro announced “The Apology Tour” for the 40th anniversary of Transformers: The Movie; PR/brand benefit but unclear near-term financial impact. Hasbro announces “The Apology Tour” as ‘Transformers: The Movie’ celebrates 40th anniversary
• Neutral Sentiment: Short-interest data appears anomalous/zero — filing shows 0 shares short and a 0.0 days ratio, which is likely a reporting quirk and not meaningful market pressure today.
• Negative Sentiment: CEO Christian P. Cocks sold 181,581 shares (~$18.9M at ~$103.86), reducing his stake ~42% — a large insider sale that can spook investors about insider conviction. SEC filing: SEC filing: CEO sale
• Negative Sentiment: Other insider selling — CFO and EVP disclosed multi-million-dollar stock sales; Timothy J. Kilpin sold 7,773 shares (~$800k). These aggregated exits increase selling pressure and reduce perceived insider alignment. CFO/EVP coverage: CFO sells stock • EVP sale: EVP sells stock • Kilpin SEC: Kilpin filing
• Negative Sentiment: Guide-down on Magic: The Gathering crossover sets — reports say Hasbro trimmed sales expectations on upcoming MTG crossovers to single-digit revenue growth, a direct hit to growth outlook for a high-margin franchise. Hasbro downshifts MTG sales predictions

Institutional Investors Weigh In On Hasbro

A number of hedge funds and other institutional investors have recently bought and sold shares of HAS. University of Texas Texas AM Investment Management Co. purchased a new position in shares of Hasbro in the fourth quarter valued at $27,000. CYBER HORNET ETFs LLC purchased a new position in Hasbro during the 2nd quarter valued at about $25,000. First Horizon Corp bought a new stake in shares of Hasbro during the third quarter valued at about $29,000. MUFG Securities EMEA plc purchased a new stake in shares of Hasbro in the second quarter worth about $28,000. Finally, Foster Dykema Cabot & Partners LLC bought a new position in shares of Hasbro in the third quarter valued at approximately $34,000. Institutional investors own 91.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on HAS. Monness Crespi & Hardt lifted their target price on Hasbro from $90.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. JPMorgan Chase & Co. raised their price objective on shares of Hasbro from $94.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday, February 11th. Morgan Stanley lifted their price objective on shares of Hasbro from $103.00 to $119.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 11th. DA Davidson increased their target price on shares of Hasbro from $80.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, February 11th. Finally, Jefferies Financial Group raised their price target on shares of Hasbro from $95.00 to $112.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Ten equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Hasbro currently has a consensus rating of “Moderate Buy” and a consensus price target of $113.73.

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.