Timothy Kilpin Sells 20,000 Shares of Hasbro (NASDAQ:HAS) Stock

Hasbro, Inc. (NASDAQ:HAS) insider Timothy Kilpin sold 20,000 shares of Hasbro stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $93.12, for a total value of $1,862,400.00. Following the completion of the sale, the insider directly owned 54,229 shares in the company, valued at $5,049,804.48. This represents a 26.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Hasbro Stock Performance

Shares of Hasbro stock opened at $94.53 on Friday. The company has a debt-to-equity ratio of 4.16, a current ratio of 1.66 and a quick ratio of 1.46. The firm has a market cap of $13.38 billion, a price-to-earnings ratio of 17.00, a price-to-earnings-growth ratio of 1.75 and a beta of 0.49. The stock’s 50-day moving average is $84.36 and its 200-day moving average is $90.58. Hasbro, Inc. has a one year low of $69.50 and a one year high of $106.98.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Tuesday, July 21st. The company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.12. Hasbro had a return on equity of 141.11% and a net margin of 15.97%.The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the company earned $1.30 earnings per share. Hasbro’s quarterly revenue was up 16.2% on a year-over-year basis. Equities analysts predict that Hasbro, Inc. will post 6.13 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Wednesday, August 19th. Hasbro’s dividend payout ratio (DPR) is currently 50.36%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on HAS shares. JPMorgan Chase & Co. cut their price objective on shares of Hasbro from $125.00 to $111.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 22nd. Morgan Stanley lifted their price target on shares of Hasbro from $122.00 to $123.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. DA Davidson reduced their price objective on shares of Hasbro from $100.00 to $95.00 and set a “neutral” rating for the company in a research note on Wednesday, July 22nd. BNP Paribas Exane decreased their price objective on Hasbro from $117.00 to $114.00 and set an “outperform” rating for the company in a report on Wednesday, July 15th. Finally, Citigroup reaffirmed a “buy” rating on shares of Hasbro in a research report on Thursday, July 23rd. Twelve research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Hasbro currently has a consensus rating of “Moderate Buy” and a consensus target price of $109.07.

Institutional Trading of Hasbro

Large investors have recently added to or reduced their stakes in the company. Wedge Capital Management L L P NC increased its stake in shares of Hasbro by 14.7% during the 2nd quarter. Wedge Capital Management L L P NC now owns 414,717 shares of the company’s stock worth $34,251,000 after purchasing an additional 53,212 shares during the last quarter. Tema ETFs LLC lifted its stake in Hasbro by 7.1% in the 2nd quarter. Tema ETFs LLC now owns 2,183 shares of the company’s stock valued at $180,000 after purchasing an additional 145 shares during the last quarter. Handelsbanken Fonder AB grew its holdings in Hasbro by 8.2% during the second quarter. Handelsbanken Fonder AB now owns 42,000 shares of the company’s stock worth $3,469,000 after purchasing an additional 3,200 shares during the period. Salvus Wealth Management LLC grew its holdings in Hasbro by 14.9% during the second quarter. Salvus Wealth Management LLC now owns 5,297 shares of the company’s stock worth $437,000 after purchasing an additional 687 shares during the period. Finally, Bay Rivers Group increased its position in Hasbro by 29.2% during the second quarter. Bay Rivers Group now owns 3,275 shares of the company’s stock worth $270,000 after buying an additional 740 shares during the last quarter. Institutional investors and hedge funds own 91.83% of the company’s stock.

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.