Other research analysts have also recently issued research reports about the company. Citigroup cut their price objective on Hasbro from $106.00 to $103.00 and set a buy rating for the company in a research report on Monday, March 11th. ValuEngine raised Hasbro from a hold rating to a buy rating in a research note on Tuesday, January 22nd. MKM Partners decreased their price objective on Hasbro to $102.00 and set a buy rating on the stock in a research note on Friday, January 18th. KeyCorp set a $110.00 price objective on Hasbro and gave the company a buy rating in a research note on Wednesday, February 20th. Finally, Monness Crespi & Hardt raised Hasbro from a neutral rating to a buy rating and set a $109.00 price objective on the stock in a research note on Monday, February 11th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the stock. Hasbro has an average rating of Buy and an average price target of $106.07.
Shares of HAS stock traded up $0.23 during trading hours on Tuesday, hitting $100.69. The stock had a trading volume of 678,885 shares, compared to its average volume of 1,286,221. The company has a market capitalization of $12.74 billion, a P/E ratio of 26.15, a PEG ratio of 2.17 and a beta of 0.98. Hasbro has a twelve month low of $76.84 and a twelve month high of $109.60. The company has a current ratio of 2.77, a quick ratio of 2.26 and a debt-to-equity ratio of 1.02.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.70%. This is an increase from Hasbro’s previous quarterly dividend of $0.63. The ex-dividend date is Tuesday, April 30th. Hasbro’s payout ratio is 70.65%.
In other news, EVP Dolph Johnson sold 17,000 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $102.20, for a total value of $1,737,400.00. Following the completion of the sale, the executive vice president now directly owns 45,338 shares in the company, valued at approximately $4,633,543.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Brian Goldner sold 317,306 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $102.55, for a total value of $32,539,730.30. Following the completion of the sale, the chief executive officer now owns 375,111 shares of the company’s stock, valued at $38,467,633.05. The disclosure for this sale can be found here. Insiders sold a total of 346,056 shares of company stock valued at $35,488,019 over the last quarter. Company insiders own 9.30% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. California State Teachers Retirement System boosted its position in Hasbro by 1.4% during the 4th quarter. California State Teachers Retirement System now owns 195,337 shares of the company’s stock valued at $15,871,000 after purchasing an additional 2,652 shares during the period. LGT Capital Partners LTD. boosted its position in Hasbro by 13.2% during the 4th quarter. LGT Capital Partners LTD. now owns 187,200 shares of the company’s stock worth $15,210,000 after acquiring an additional 21,900 shares during the period. First Hawaiian Bank boosted its position in Hasbro by 2.4% during the 4th quarter. First Hawaiian Bank now owns 7,124 shares of the company’s stock worth $579,000 after acquiring an additional 165 shares during the period. Captrust Financial Advisors boosted its position in Hasbro by 54.6% during the 3rd quarter. Captrust Financial Advisors now owns 1,752 shares of the company’s stock worth $184,000 after acquiring an additional 619 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in Hasbro by 43.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,299,978 shares of the company’s stock worth $241,773,000 after acquiring an additional 701,535 shares during the period. Institutional investors and hedge funds own 90.00% of the company’s stock.
Hasbro Company Profile
Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. The company's U.S. and Canada segment markets and sells action figures, arts and crafts, and creative play products; electronic toys and related electronic interactive products; fashion and other dolls, infant products, play sets, preschool toys, plush products, and sports action blasters and accessories; and vehicles and toy-related specialty products, as well as traditional board games, and trading card and role-playing games primarily in the United States and Canada.
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