Hasbro (NASDAQ:HAS) Sets New 12-Month High – Here’s What Happened

Hasbro, Inc. (NASDAQ:HAS) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $83.45 and last traded at $82.9220, with a volume of 576975 shares trading hands. The stock had previously closed at $82.60.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on HAS shares. The Goldman Sachs Group lifted their target price on Hasbro from $89.00 to $90.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. Seaport Res Ptn raised shares of Hasbro to a “strong-buy” rating in a report on Monday, November 10th. Citigroup raised their price target on Hasbro from $91.00 to $97.00 and gave the company a “buy” rating in a report on Friday, October 24th. Monness Crespi & Hardt raised their price target on Hasbro from $80.00 to $90.00 in a research report on Wednesday, September 17th. Finally, Wall Street Zen raised shares of Hasbro from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Hasbro presently has a consensus rating of “Moderate Buy” and a consensus target price of $89.33.

Hasbro Trading Up 0.1%

The company has a quick ratio of 1.42, a current ratio of 1.70 and a debt-to-equity ratio of 7.65. The firm has a market cap of $11.60 billion, a P/E ratio of -20.62, a price-to-earnings-growth ratio of 0.98 and a beta of 0.61. The firm’s 50-day simple moving average is $76.57 and its 200 day simple moving average is $75.16.

Hasbro (NASDAQ:HAS) last released 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 firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.35 billion. Hasbro had a negative net margin of 12.81% and a positive return on equity of 82.17%. The business’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.73 earnings per share. As a group, analysts expect that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 3rd. Stockholders of record on Wednesday, November 19th will be paid a $0.70 dividend. The ex-dividend date is Wednesday, November 19th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.4%. Hasbro’s payout ratio is currently -69.83%.

Insider Activity at Hasbro

In other Hasbro news, Director Hope F. Cochran sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $77.24, for a total transaction of $308,960.00. Following the completion of the sale, the director directly owned 17,102 shares of the company’s stock, valued at approximately $1,320,958.48. This represents a 18.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.85% of the stock is owned by insiders.

Hedge Funds Weigh In On Hasbro

Institutional investors and hedge funds have recently modified their holdings of the stock. CYBER HORNET ETFs LLC acquired a new stake in shares of Hasbro in the second quarter valued at about $25,000. MUFG Securities EMEA plc purchased a new stake in shares of Hasbro in the second quarter valued at approximately $28,000. First Horizon Corp acquired a new stake in shares of Hasbro in the third quarter valued at approximately $29,000. Foster Dykema Cabot & Partners LLC purchased a new position in Hasbro during the third quarter worth approximately $34,000. Finally, Pittenger & Anderson Inc. purchased a new position in Hasbro during the second quarter worth approximately $35,000. Institutional investors and hedge funds own 91.83% of the company’s stock.

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.