Hasbro (NASDAQ:HAS) Insider Sells $800,619.00 in Stock

Hasbro, Inc. (NASDAQ:HAS) insider Timothy Kilpin sold 7,773 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $103.00, for a total value of $800,619.00. Following the completion of the sale, the insider directly owned 36,528 shares in the company, valued at approximately $3,762,384. This trade represents a 17.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Hasbro Price Performance

Shares of NASDAQ HAS opened at $101.00 on Friday. Hasbro, Inc. has a 1-year low of $49.00 and a 1-year high of $106.98. The company has a debt-to-equity ratio of 4.89, a current ratio of 1.38 and a quick ratio of 1.24. The business’s fifty day moving average price is $89.10 and its two-hundred day moving average price is $81.82. The firm has a market capitalization of $14.17 billion, a PE ratio of -42.98, a P/E/G ratio of 1.75 and a beta of 0.56.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Tuesday, February 10th. The company reported $1.51 earnings per share (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 company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the previous year, the company posted $0.46 earnings per share. The company’s revenue for the quarter was up 31.3% compared to the same quarter last year. On average, research analysts expect that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 4th. Shareholders of record on Wednesday, February 18th will be paid a $0.70 dividend. The ex-dividend date is Wednesday, February 18th. This represents a $2.80 annualized dividend and a dividend yield of 2.8%. Hasbro’s dividend payout ratio (DPR) is presently -119.15%.

Institutional Investors Weigh In On Hasbro

Several hedge funds and other institutional investors have recently bought and sold shares of HAS. University of Texas Texas AM Investment Management Co. bought a new position in shares of Hasbro during the 4th quarter valued at about $27,000. CYBER HORNET ETFs LLC acquired a new stake in Hasbro during the second quarter valued at approximately $25,000. First Horizon Corp bought a new stake in Hasbro during the third quarter worth approximately $29,000. MUFG Securities EMEA plc bought a new stake in Hasbro during the second quarter worth approximately $28,000. Finally, Foster Dykema Cabot & Partners LLC bought a new position in shares of Hasbro in the third quarter valued at $34,000. 91.83% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on HAS shares. JPMorgan Chase & Co. raised their target price on Hasbro from $94.00 to $115.00 and gave the company an “overweight” rating in a research report on Wednesday, February 11th. Jefferies Financial Group raised their price target on Hasbro from $95.00 to $112.00 and gave the company a “buy” rating in a report on Friday, February 6th. Roth Mkm set a $120.00 price objective on shares of Hasbro in a research note on Wednesday, February 11th. UBS Group reiterated a “buy” rating on shares of Hasbro in a research report on Wednesday, February 11th. Finally, Monness Crespi & Hardt boosted their price target on shares of Hasbro from $90.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Ten analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average 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.