Hasbro, Inc. to Issue Quarterly Dividend of $0.70 (NASDAQ:HAS)

Key Points

• Hasbro, Inc. announced a quarterly dividend of $0.70 per share, with the ex-dividend date set for November 19 and payment scheduled for December 3.
• The company reported a quarterly earnings per share (EPS) of $1.68, exceeding analyst expectations, alongside an 8.3% year-over-year revenue increase to $1.39 billion.
• Insider trading activity showed CEO Christian P. Cocks and another insider selling a combined total of 36,357 shares valued at nearly $2.9 million over recent months.

Hasbro, Inc. (NASDAQ:HAS - Get Free Report) declared a quarterly dividend on Thursday, October 23rd. Investors of record on Wednesday, November 19th will be paid a dividend of 0.70 per share on Wednesday, December 3rd. This represents a c) annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Wednesday, November 19th.

Hasbro has a dividend payout ratio of 60.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Hasbro to earn $4.98 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 56.2%.

Hasbro Stock Up 3.7%

HAS stock traded up $2.78 on Thursday, hitting $77.94. 4,580,057 shares of the company's stock were exchanged, compared to its average volume of 1,953,256. Hasbro has a 12-month low of $49.00 and a 12-month high of $82.19. The firm has a 50 day moving average price of $77.10 and a two-hundred day moving average price of $71.08. The company has a debt-to-equity ratio of 12.31, a quick ratio of 1.32 and a current ratio of 1.66. The stock has a market cap of $10.93 billion, a P/E ratio of -19.20, a price-to-earnings-growth ratio of 0.96 and a beta of 0.60.

Hasbro (NASDAQ:HAS - Get Free Report) last issued its quarterly earnings results on Thursday, October 23rd. The company reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.05. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.35 billion. Hasbro had a negative net margin of 13.37% and a positive return on equity of 64.49%. Hasbro's quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.73 EPS. As a group, equities research analysts expect that Hasbro will post 4.33 EPS for the current fiscal year.

Insider Activity at Hasbro

In related news, CEO Christian P. Cocks sold 27,800 shares of the stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $78.92, for a total value of $2,193,976.00. Following the completion of the transaction, the chief executive officer directly owned 249,861 shares in the company, valued at approximately $19,719,030.12. This represents a 10.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Timothy J. Kilpin sold 8,557 shares of the stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $81.44, for a total value of $696,882.08. Following the completion of the transaction, the insider owned 44,301 shares of the company's stock, valued at $3,607,873.44. The trade was a 16.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 37,359 shares of company stock valued at $2,970,828. 0.85% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Clarius Group LLC lifted its position in Hasbro by 0.6% during the 3rd quarter. Clarius Group LLC now owns 23,283 shares of the company's stock worth $1,766,000 after acquiring an additional 146 shares during the period. Kaufman Rossin Wealth LLC lifted its position in Hasbro by 4.1% in the third quarter. Kaufman Rossin Wealth LLC now owns 3,839 shares of the company's stock valued at $291,000 after purchasing an additional 151 shares during the period. Visionary Horizons LLC lifted its position in Hasbro by 1.4% in the third quarter. Visionary Horizons LLC now owns 12,069 shares of the company's stock valued at $915,000 after purchasing an additional 166 shares during the period. DekaBank Deutsche Girozentrale lifted its position in Hasbro by 0.5% in the second quarter. DekaBank Deutsche Girozentrale now owns 34,020 shares of the company's stock valued at $2,490,000 after purchasing an additional 167 shares during the period. Finally, RNC Capital Management LLC lifted its position in Hasbro by 1.3% in the second quarter. RNC Capital Management LLC now owns 13,295 shares of the company's stock valued at $981,000 after purchasing an additional 170 shares during the period. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

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.

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