Hasbro (NASDAQ:HAS) CFO Gina Goetter Sells 7,262 Shares of Company Stock

Key Points

• Hasbro CFO Gina Goetter sold 7,262 shares for about $864,105 under a pre-arranged Rule 10b5-1 plan, reducing her direct holdings by 9.1% to 72,577 shares.
• Hasbro reported quarterly EPS of $2.90, beating the $1.86 analyst consensus, while revenue rose 15% year over year to $1.60 billion.
• The company announced a quarterly dividend of $0.70 per share, equivalent to an annualized $2.80 and a 2.4% yield.

Hasbro, Inc. (NASDAQ:HAS - Get Free Report) CFO Gina Goetter sold 7,262 shares of Hasbro stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $118.99, for a total transaction of $864,105.38. Following the transaction, the chief financial officer directly owned 72,577 shares in the company, valued at $8,635,937.23. This trade represents a 9.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Hasbro Trading Down 0.3%

Shares of Hasbro stock traded down $0.39 during mid-day trading on Tuesday, hitting $117.97. The stock had a trading volume of 1,486,632 shares, compared to its average volume of 1,993,107. The firm has a 50-day moving average of $96.87 and a two-hundred day moving average of $92.52. Hasbro, Inc. has a 12-month low of $74.78 and a 12-month high of $121.04. The company has a quick ratio of 1.24, a current ratio of 1.40 and a debt-to-equity ratio of 2.79. The firm has a market cap of $16.64 billion, a P/E ratio of 17.63, a price-to-earnings-growth ratio of 1.54 and a beta of 0.45.

Hasbro (NASDAQ:HAS - Get Free Report) last announced its quarterly earnings results on Tuesday, October 20th. The company reported $2.90 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.86 by $1.04. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.48 billion. Hasbro had a net margin of 18.44% and a return on equity of 140.60%. The business's revenue was up 15.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.68 EPS. Sell-side analysts forecast that Hasbro, Inc. will post 6.69 earnings per share for the current year.

Hasbro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 2nd. Investors of record on Wednesday, November 18th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 2.4%. The ex-dividend date is Wednesday, November 18th. Hasbro's dividend payout ratio is presently 41.85%.

Analyst Ratings Changes

A number of research firms have commented on HAS. Roth Capital restated a "buy" rating on shares of Hasbro in a research report on Wednesday, October 21st. Bank of America lowered their price target on Hasbro from $115.00 to $105.00 and set a "buy" rating for the company in a report on Thursday, July 16th. Argus raised their price objective on Hasbro from $90.00 to $105.00 and gave the stock a "buy" rating in a research report on Thursday, July 23rd. Wells Fargo & Company boosted their price objective on shares of Hasbro from $90.00 to $100.00 and gave the company an "equal weight" rating in a report on Wednesday, October 21st. Finally, Zacks Research raised shares of Hasbro from a "hold" rating to a "strong-buy" rating in a research report on Thursday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $114.93.

Institutional Trading of Hasbro

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of Hasbro during the 2nd quarter worth about $2,204,689,000. Bank of America Corp DE purchased a new stake in Hasbro during the second quarter worth approximately $289,258,000. Amundi boosted its holdings in Hasbro by 21.1% in the first quarter. Amundi now owns 1,699,565 shares of the company's stock valued at $159,079,000 after purchasing an additional 296,277 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in Hasbro in the second quarter valued at approximately $130,731,000. Finally, Epoch Investment Partners Inc. boosted its holdings in Hasbro by 1.0% in the first quarter. Epoch Investment Partners Inc. now owns 1,174,077 shares of the company's stock valued at $109,894,000 after purchasing an additional 12,182 shares in the last quarter. Hedge funds and other institutional investors own 91.83% of the company's stock.

Hasbro Company Profile

Hasbro, Inc is a global branded entertainment company that develops and markets toys, games, entertainment experiences and consumer products. Its portfolio includes well-known brands such as Monopoly, Play-Doh, Transformers, Nerf, My Little Pony, Dungeons & Dragons and Magic: The Gathering.

The company serves consumers through a range of channels, including retail, e-commerce, digital gaming, entertainment content and licensing. Hasbro also works with third-party partners to extend its brands into film and television, apparel, publishing and other consumer products.

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