Hasbro, Inc. (NASDAQ:HAS) announced a quarterly dividend on Thursday, December 6th, RTT News reports. Investors of record on Friday, February 1st will be paid a dividend of 0.63 per share on Friday, February 15th. This represents a $2.52 dividend on an annualized basis and a yield of 2.90%.
Hasbro has raised its dividend payment by an average of 9.5% annually over the last three years and has raised its dividend annually for the last 8 consecutive years. Hasbro has a dividend payout ratio of 53.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Hasbro to earn $5.09 per share next year, which means the company should continue to be able to cover its $2.52 annual dividend with an expected future payout ratio of 49.5%.
HAS stock traded down $1.52 on Thursday, reaching $86.89. The company’s stock had a trading volume of 80,985 shares, compared to its average volume of 1,232,613. Hasbro has a 12-month low of $79.00 and a 12-month high of $109.60. The firm has a market capitalization of $11.18 billion, a price-to-earnings ratio of 15.92, a PEG ratio of 1.78 and a beta of 0.95. The company has a quick ratio of 1.95, a current ratio of 2.41 and a debt-to-equity ratio of 0.90.
Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Monday, October 22nd. The company reported $1.93 EPS for the quarter, missing the consensus estimate of $2.23 by ($0.30). The firm had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.71 billion. Hasbro had a net margin of 4.31% and a return on equity of 34.61%. The business’s quarterly revenue was down 12.4% compared to the same quarter last year. During the same period in the prior year, the business posted $2.09 EPS. Equities research analysts anticipate that Hasbro will post 4.25 earnings per share for the current year.
Several equities analysts have commented on HAS shares. Zacks Investment Research lowered Hasbro from a “hold” rating to a “sell” rating in a research report on Thursday, October 4th. MKM Partners lowered their price objective on Hasbro to $110.00 and set a “buy” rating for the company in a research report on Tuesday, October 23rd. Barclays lowered their price objective on Hasbro from $117.00 to $105.00 and set an “overweight” rating for the company in a research report on Tuesday, October 23rd. BidaskClub raised Hasbro from a “hold” rating to a “buy” rating in a research report on Wednesday, August 29th. Finally, SunTrust Banks lowered their price objective on Hasbro to $96.00 and set a “hold” rating for the company in a research report on Tuesday, October 23rd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $105.33.
In related news, Director Alan G. Hassenfeld sold 5,350 shares of Hasbro stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $97.41, for a total value of $521,143.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brian Goldner acquired 11,000 shares of Hasbro stock in a transaction that occurred on Monday, October 29th. The stock was acquired at an average price of $91.80 per share, with a total value of $1,009,800.00. The disclosure for this purchase can be found here. Insiders have sold 713,570 shares of company stock valued at $69,562,482 over the last 90 days. Corporate insiders own 9.90% of the company’s stock.
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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.
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