Hasbro Target of Unusually High Options Trading (NASDAQ:HAS)

Hasbro, Inc. (NASDAQ:HAS) saw some unusual options trading activity on Friday. Stock investors purchased 2,813 call options on the stock. This is an increase of approximately 84% compared to the typical daily volume of 1,531 call options.

Institutional Investors Weigh In On Hasbro

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. American Trust acquired a new stake in shares of Hasbro in the 3rd quarter valued at approximately $634,000. Optimist Retirement Group LLC bought a new position in shares of Hasbro in the 3rd quarter valued at about $280,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Hasbro during the 3rd quarter worth about $45,000. Sanctuary Advisors LLC raised its holdings in shares of Hasbro by 17.9% in the 3rd quarter. Sanctuary Advisors LLC now owns 11,041 shares of the company’s stock valued at $798,000 after purchasing an additional 1,674 shares during the period. Finally, Virtu Financial LLC bought a new position in Hasbro during the third quarter worth about $501,000. 91.83% of the stock is owned by institutional investors.

Hasbro Stock Up 2.0 %

Shares of Hasbro stock opened at $65.15 on Friday. Hasbro has a 1 year low of $45.87 and a 1 year high of $73.46. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.47 and a quick ratio of 1.29. The company has a market capitalization of $9.09 billion, a P/E ratio of -14.04, a price-to-earnings-growth ratio of 0.59 and a beta of 0.63. The business has a 50-day moving average of $67.77 and a two-hundred day moving average of $64.42.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Thursday, October 24th. The company reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.45. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.30 billion. Hasbro had a negative net margin of 14.83% and a positive return on equity of 47.91%. The firm’s revenue was down 14.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.64 earnings per share. As a group, equities analysts predict that Hasbro will post 3.93 EPS for the current year.

Hasbro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.30%. Hasbro’s dividend payout ratio (DPR) is presently -60.34%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Jefferies Financial Group increased their price objective on shares of Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. JPMorgan Chase & Co. increased their price target on Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. DA Davidson lifted their price objective on Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Morgan Stanley increased their target price on Hasbro from $80.00 to $92.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Finally, Bank of America raised their target price on Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $80.67.

About Hasbro

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.