Hasbro, Inc.

(NASDAQ Global Select)
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Bullish +55

Hasbro (NASDAQ:HAS) Director Elizabeth Hamren Sells 989 Shares of Stock

AI-generated analysis

πŸ“‰ Director Elizabeth Hamren sold 989 shares of Hasbro stock on August 4th for a total value of $89,425.

πŸ“ˆ Hasbro reported quarterly EPS of $1.28, beating the consensus estimate of $1.16 by $0.12.

πŸ’° The company generated revenue of $1.14 billion, surpassing analyst expectations of $1.07 billion.

πŸš€ Revenue increased by 16.2% compared to the same quarter in the prior year.

πŸ’΅ Hasbro announced a quarterly dividend of $0.70 per share with an ex-dividend date of August 19th.

πŸ“Š The company achieved a net margin of 15.97% and a return on equity of 141.11% for the quarter.

🏦 Institutional ownership remains high at 91.83%, with new positions added by CYBER HORNET ETFs LLC and MUFG Securities EMEA plc.

πŸ“ˆ UBS Group reaffirmed a 'buy' rating on Hasbro with a price objective of $120.00.

πŸ“‰ Zacks Research cut its rating on Hasbro from 'strong-buy' to 'hold' in a recent research note.

🎯 The consensus analyst price target for Hasbro stands at $109.07 based on twelve buy and four hold ratings.

Bullish Signals
  • Hasbro reported quarterly earnings per share of $1.28, which topped the consensus estimate of $1.16 by $0.12.
  • The company generated revenue of $1.14 billion during the quarter, exceeding analyst expectations of $1.07 billion.
  • Hasbro's revenue grew 16.2% year-over-year compared to the same quarter in the prior year.
  • The firm achieved a net margin of 15.97% and a return on equity of 141.11%, indicating strong profitability.
  • UBS Group reaffirmed a 'buy' rating on Hasbro with a price objective of $120.00 in a research report.
  • Morgan Stanley raised its price objective on Hasbro from $122.00 to $123.00 and maintained an 'overweight' rating.
  • The company maintains a healthy dividend yield of 2.9% with a payout ratio of 50.36%.
Risk Factors
  • Zacks Research cut its rating on Hasbro from a 'strong-buy' to a 'hold' in a research note dated July 13th.
  • Wells Fargo & Company lowered its price target on Hasbro from $92.00 to $85.00 and set an 'equal weight' rating.
  • BNP Paribas Exane reduced its target price on Hasbro from $117.00 to $114.00 while maintaining an 'outperform' rating.
Full Analysis
Hasbro, Inc. (NASDAQ:HAS) Director Elizabeth Hamren sold 989 shares of the company's stock on Tuesday, August 4th, at an average price of $90.42 per share. The transaction, valued at approximately $89,425, resulted in a 7.69% decrease in her direct ownership, leaving her with 11,871 shares worth roughly $1.07 million. This insider sale was disclosed via an SEC filing and represents a routine reduction in holdings by a board member. Financially, Hasbro reported strong quarterly results announced on July 21st, beating consensus estimates for both earnings per share and revenue. The company posted EPS of $1.28 versus the expected $1.16 and generated revenue of $1.14 billion against an estimate of $1.07 billion. Revenue grew 16.2% year-over-year, while the firm achieved a net margin of 15.97% and a return on equity of 141.11%, demonstrating robust operational performance. The company maintains a solid capital allocation strategy with an upcoming quarterly dividend payment of $0.70 per share to stockholders of record on August 19th, payable on September 2nd. This represents a 2.9% annualized dividend yield and a payout ratio of 50.36%. Analyst sentiment remains mixed but generally positive, with a consensus price target of $109.07 from twelve buy ratings and four hold ratings among sell-side analysts.