Hasbro Sees Unusually Large Options Volume (HAS)

Hasbro, Inc. (NASDAQ:HAS) saw some unusual options trading on Wednesday. Investors acquired 12,168 put options on the company. This represents an increase of 1,553% compared to the typical volume of 736 put options.

Hasbro (NASDAQ:HAS) opened at $92.41 on Friday. The company has a quick ratio of 2.11, a current ratio of 2.53 and a debt-to-equity ratio of 0.87. Hasbro has a 1-year low of $80.22 and a 1-year high of $116.20. The stock has a market capitalization of $11,730.00, a PE ratio of 19.70, a P/E/G ratio of 1.73 and a beta of 0.86.

Hasbro (NASDAQ:HAS) last issued its earnings results on Monday, October 23rd. The company reported $2.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.94 by $0.15. Hasbro had a return on equity of 31.74% and a net margin of 11.34%. The firm had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter last year, the business earned $2.03 earnings per share. The company’s revenue was up 6.6% compared to the same quarter last year. equities analysts forecast that Hasbro will post 5 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend is Wednesday, January 31st. Hasbro’s dividend payout ratio (DPR) is currently 48.61%.

Several research firms recently issued reports on HAS. Stifel Nicolaus decreased their price target on Hasbro from $109.00 to $104.00 and set a “hold” rating on the stock in a report on Monday, October 16th. Barclays upgraded Hasbro from an “equal weight” rating to an “overweight” rating and set a $110.00 price target on the stock in a report on Tuesday, October 24th. Goldman Sachs Group reiterated a “buy” rating and issued a $118.00 price target on shares of Hasbro in a report on Monday, October 2nd. Jefferies Group reiterated a “buy” rating and issued a $125.00 price target on shares of Hasbro in a report on Thursday, September 28th. Finally, Zacks Investment Research upgraded Hasbro from a “hold” rating to a “buy” rating and set a $107.00 price target on the stock in a report on Thursday, September 21st. Eleven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Hasbro presently has an average rating of “Hold” and an average target price of $105.81.

A number of institutional investors and hedge funds have recently modified their holdings of HAS. Benjamin F. Edwards & Company Inc. boosted its holdings in Hasbro by 7,100.0% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 1,080 shares of the company’s stock worth $105,000 after buying an additional 1,065 shares during the last quarter. YorkBridge Wealth Partners LLC boosted its holdings in Hasbro by 2.8% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,164 shares of the company’s stock worth $129,000 after buying an additional 32 shares during the last quarter. San Francisco Sentry Investment Group CA bought a new position in Hasbro during the second quarter worth about $155,000. Highstreet Asset Management Inc. boosted its holdings in Hasbro by 105.2% during the third quarter. Highstreet Asset Management Inc. now owns 1,584 shares of the company’s stock worth $155,000 after buying an additional 812 shares during the last quarter. Finally, Moors & Cabot Inc. bought a new position in Hasbro during the second quarter worth about $229,000. Hedge funds and other institutional investors own 79.35% of the company’s stock.

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Hasbro Company Profile

Hasbro, Inc (Hasbro) is a play and entertainment company. The Company’s operating segments include the U.S. and Canada, International, and Entertainment and Licensing. From toys and games to content development, including television programming, motion pictures, digital gaming and a consumer products licensing program, Hasbro fulfills the fundamental need for play and connection for children and families around the world.

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