Press coverage about Hasbro (NASDAQ:HAS) has trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Hasbro earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 44.9174800704204 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news stories that may have effected Accern Sentiment’s analysis:
- January 2020 Options Now Available For Hasbro (HAS) – Nasdaq (nasdaq.com)
- Hasbro, Inc. (HAS) Upgraded at Zacks Investment Research (americanbankingnews.com)
- Zeroing in on Company Shares of Hasbro, Inc. (NASDAQ:HAS) and Xylem Inc. (NYSE:XYL) – FLBC News (flbcnews.com)
- Hasbro, Inc. (NASDAQ:HAS) Experiences Heavier than Usual Trading Volume – Modern Readers (modernreaders.com)
- Hasbro’s Inaugural ‘HasCon’ Event: What It Is And Who’ll Be There – Benzinga (benzinga.com)
A number of brokerages recently issued reports on HAS. Zacks Investment Research downgraded Hasbro from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. BidaskClub upgraded Hasbro from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 22nd. Jefferies Group LLC began coverage on Hasbro in a report on Thursday, June 8th. They set a “buy” rating and a $125.00 price target on the stock. Finally, Stifel Nicolaus restated a “hold” rating and set a $107.00 price target (up previously from $100.00) on shares of Hasbro in a report on Thursday, July 13th. Eleven analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $106.04.
Shares of Hasbro (NASDAQ:HAS) opened at 95.80 on Tuesday. The stock has a 50 day moving average price of $99.20 and a 200-day moving average price of $102.24. Hasbro has a 12 month low of $76.14 and a 12 month high of $116.20. The company has a market capitalization of $11.98 billion, a PE ratio of 20.75 and a beta of 0.92.
Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Monday, July 24th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.07. The company had revenue of $972.51 million for the quarter, compared to analyst estimates of $974.19 million. Hasbro had a net margin of 11.44% and a return on equity of 32.24%. Hasbro’s revenue was up 10.6% compared to the same quarter last year. During the same period last year, the company posted $0.41 earnings per share. Analysts forecast that Hasbro will post $5.07 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 2.38%. The ex-dividend date is Tuesday, October 31st. Hasbro’s payout ratio is 49.35%.
In other Hasbro news, EVP Barbara Finigan sold 23,483 shares of Hasbro stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $106.30, for a total value of $2,496,242.90. Following the transaction, the executive vice president now directly owns 32,345 shares of the company’s stock, valued at $3,438,273.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brian Goldner sold 205,656 shares of Hasbro stock in a transaction on Monday, July 31st. The stock was sold at an average price of $105.69, for a total transaction of $21,735,782.64. Following the completion of the transaction, the chief executive officer now directly owns 354,891 shares in the company, valued at $37,508,429.79. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,423,264 shares of company stock worth $145,144,664. 11.00% of the stock is currently owned by corporate insiders.
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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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