Hasbro, Inc. (NASDAQ:HAS) – Analysts at B. Riley dropped their Q4 2018 earnings per share (EPS) estimates for Hasbro in a report issued on Wednesday, October 17th. B. Riley analyst S. Anderson now anticipates that the company will post earnings of $1.88 per share for the quarter, down from their previous forecast of $1.91. B. Riley has a “Buy” rating and a $114.00 price target on the stock.
Several other equities analysts also recently weighed in on HAS. BidaskClub raised Hasbro from a “hold” rating to a “buy” rating in a research note on Saturday, June 23rd. Zacks Investment Research raised Hasbro from a “strong sell” rating to a “hold” rating in a research note on Monday, June 25th. Stifel Nicolaus raised their price objective on Hasbro from $93.00 to $94.00 and gave the company a “hold” rating in a research note on Tuesday, July 10th. ValuEngine raised Hasbro from a “sell” rating to a “hold” rating in a research note on Wednesday, July 11th. Finally, BMO Capital Markets downgraded Hasbro from a “market perform” rating to an “underperform” rating and set a $80.00 price objective for the company. in a research note on Monday, July 16th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $107.47.
Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Monday, July 23rd. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.19. Hasbro had a return on equity of 35.34% and a net margin of 4.15%. The firm had revenue of $904.50 million during the quarter, compared to the consensus estimate of $839.29 million. During the same period last year, the business posted $0.53 EPS. Hasbro’s quarterly revenue was down 7.0% on a year-over-year basis.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Thursday, November 1st will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 2.56%. The ex-dividend date is Wednesday, October 31st. Hasbro’s payout ratio is 46.15%.
In other Hasbro news, CFO Deborah Thomas sold 19,683 shares of the firm’s stock in a transaction on Wednesday, August 29th. The stock was sold at an average price of $100.83, for a total transaction of $1,984,636.89. Following the completion of the transaction, the chief financial officer now owns 97,083 shares of the company’s stock, valued at $9,788,878.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO John Frascotti sold 20,500 shares of the firm’s stock in a transaction on Tuesday, August 28th. The stock was sold at an average price of $102.00, for a total value of $2,091,000.00. Following the transaction, the chief operating officer now directly owns 122,003 shares of the company’s stock, valued at approximately $12,444,306. The disclosure for this sale can be found here. Insiders have sold 106,645 shares of company stock valued at $10,796,944 in the last three months. 9.90% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the business. McKinley Carter Wealth Services Inc. purchased a new position in Hasbro during the first quarter worth $136,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in Hasbro during the second quarter worth $136,000. Cerebellum GP LLC acquired a new stake in shares of Hasbro during the second quarter worth $165,000. CenterStar Asset Management LLC boosted its holdings in shares of Hasbro by 98.7% during the second quarter. CenterStar Asset Management LLC now owns 1,987 shares of the company’s stock worth $183,000 after purchasing an additional 987 shares during the last quarter. Finally, CIBC World Markets Inc. acquired a new stake in shares of Hasbro during the first quarter worth $206,000. 80.09% of the stock is owned by institutional investors.
Hasbro Company Profile
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.
Further Reading: Trading Strategy Methods and Types
Receive News & Ratings for Hasbro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hasbro and related companies with MarketBeat.com's FREE daily email newsletter.