Hasbro (NASDAQ:HAS) Hits New 12-Month High at $109.77

Shares of Hasbro, Inc. (NASDAQ:HAS) reached a new 52-week high on Friday . The company traded as high as $109.77 and last traded at $109.59, with a volume of 55128 shares. The stock had previously closed at $107.61.

HAS has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded GenMark Diagnostics from a “hold” rating to a “sell” rating in a report on Wednesday, April 24th. TheStreet downgraded USD Partners from a “b-” rating to a “c+” rating in a report on Friday, May 10th. DA Davidson restated a “buy” rating on shares of LegacyTexas Financial Group in a report on Wednesday, April 24th. SunTrust Banks increased their price target on Polaris Industries to $102.00 and gave the stock a “hold” rating in a report on Wednesday, April 24th. Finally, Citigroup set a $86.00 price target on Prologis and gave the stock a “buy” rating in a report on Thursday, June 6th. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $106.07.

The stock’s 50-day moving average is $104.44. The company has a quick ratio of 2.26, a current ratio of 2.77 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $13.75 billion, a PE ratio of 28.38, a price-to-earnings-growth ratio of 2.26 and a beta of 1.04.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $0.21 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.29. Hasbro had a return on equity of 28.50% and a net margin of 7.83%. The firm had revenue of $732.51 million during the quarter, compared to analysts’ expectations of $665.96 million. During the same period in the prior year, the firm posted $0.10 earnings per share. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. Equities analysts forecast that Hasbro, Inc. will post 4.53 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be paid a $0.68 dividend. The ex-dividend date is Wednesday, July 31st. This represents a $2.72 annualized dividend and a yield of 2.49%. Hasbro’s dividend payout ratio is 70.65%.

In other news, CEO Brian Goldner sold 317,306 shares of the stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $102.55, for a total transaction of $32,539,730.30. Following the transaction, the chief executive officer now owns 375,111 shares in the company, valued at $38,467,633.05. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Tarrant L. Sibley sold 4,000 shares of the 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 $408,800.00. Following the transaction, the senior vice president now owns 21,703 shares in the company, valued at approximately $2,218,046.60. The disclosure for this sale can be found here. Insiders sold 350,256 shares of company stock worth $35,900,627 in the last 90 days. Corporate insiders own 9.30% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Creative Planning increased its stake in Hasbro by 1.3% during the 1st quarter. Creative Planning now owns 7,581 shares of the company’s stock worth $645,000 after acquiring an additional 99 shares during the period. 6 Meridian increased its stake in Hasbro by 1.9% during the 2nd quarter. 6 Meridian now owns 5,548 shares of the company’s stock worth $586,000 after acquiring an additional 103 shares during the period. Mason Street Advisors LLC increased its stake in Hasbro by 0.7% during the 1st quarter. Mason Street Advisors LLC now owns 16,517 shares of the company’s stock worth $1,404,000 after acquiring an additional 108 shares during the period. Bessemer Group Inc. increased its stake in Hasbro by 46.3% during the 4th quarter. Bessemer Group Inc. now owns 398 shares of the company’s stock worth $33,000 after acquiring an additional 126 shares during the period. Finally, Van ECK Associates Corp increased its stake in Hasbro by 38.2% during the 4th quarter. Van ECK Associates Corp now owns 463 shares of the company’s stock worth $38,000 after acquiring an additional 128 shares during the period. Institutional investors own 86.93% of the company’s stock.

Hasbro Company Profile (NASDAQ:HAS)

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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