Hasbro, Inc.

(NASDAQ Global Select)
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Bullish +62

Hasbro (NASDAQ:HAS) Insider Sells $1,862,400.00 in Stock

AI-generated analysis

πŸ“‰ CFO Gina Goetter sold 11,000 shares for $1,049,840 on July 28th, reducing her direct ownership by 11.10%.

πŸ“ˆ Q2 earnings beat consensus with $1.28 EPS versus the expected $1.16 and revenue of $1.14 billion exceeding estimates.

πŸš€ Revenue grew 16.2% year-over-year to reach $1.14 billion, demonstrating strong top-line performance.

πŸ’° Net margin improved to 15.97% while return on equity reached a high of 141.11% for the quarter.

πŸ“… A quarterly dividend of $0.70 per share will be paid on September 2nd to shareholders of record on August 19th.

🏦 Institutional investors like Mirae Asset and Empowered Funds increased their holdings in the first quarter.

πŸ“Š The stock trades at a P/E ratio of 17.12 with a market capitalization of $13.47 billion.

🎯 Analyst consensus rating is 'Moderate Buy' with an average price target set at $109.07.

Bullish Signals
  • Hasbro reported quarterly earnings per share of $1.28, which topped the analyst consensus estimate of $1.16 by $0.12.
  • The company achieved revenue of $1.14 billion, surpassing expectations of $1.07 billion and growing 16.2% year-over-year.
  • Net margin expanded to 15.97% and return on equity reached 141.11%, indicating strong profitability.
  • Multiple institutional investors increased their stakes in the first quarter, including Mirae Asset Global ETFs Holdings boosting its position by 11.8%.
  • Analysts maintain a 'Moderate Buy' consensus rating with an average price target of $109.07, suggesting upside potential from current levels.
Risk Factors
  • CFO Gina Goetter sold 11,000 shares worth over $1 million, representing an 11.10% reduction in her direct ownership stake.
  • Bank of America recently lowered its price target on Hasbro from $115.00 to $105.00, indicating some caution among analysts.
Full Analysis
Hasbro Inc. (NASDAQ: HAS) saw its Chief Financial Officer, Gina Goetter, sell 11,000 shares of company stock on July 28th for a total value of $1,049,840. The transaction represented an 11.10% decrease in her direct ownership, leaving her with 88,104 shares valued at approximately $8.4 million. This insider sale was disclosed via a filing with the Securities and Exchange Commission. The company recently reported strong quarterly financial results announced on July 21st, beating analyst expectations for both earnings per share and revenue. Hasbro posted EPS of $1.28 against a consensus of $1.16 and generated revenue of $1.14 billion, surpassing the expected $1.07 billion. Year-over-year revenue growth stood at 16.2%, with net margins reaching 15.97% and return on equity at 141.11%. Analyst sentiment remains largely positive with a consensus rating of 'Moderate Buy' and an average price target of $109.07, though some firms have adjusted targets downward recently. Several institutional investors increased their stakes in the first quarter, including Mirae Asset Global ETFs Holdings and Empowered Funds LLC, while the company maintains a dividend yield of 2.9% with an upcoming payment date of September 2nd.