Hasbro Sees Unusually High Options Volume (NASDAQ:HAS)

Hasbro, Inc. (NASDAQ:HAS) saw unusually large options trading activity on Friday. Traders purchased 2,813 call options on the stock. This represents an increase of 84% compared to the average volume of 1,531 call options.

Hedge Funds Weigh In On Hasbro

Several institutional investors have recently bought and sold shares of the business. True Wealth Design LLC bought a new position in shares of Hasbro in the third quarter worth about $31,000. Blue Trust Inc. raised its position in Hasbro by 224.8% in the 3rd quarter. Blue Trust Inc. now owns 432 shares of the company’s stock worth $31,000 after purchasing an additional 299 shares during the last quarter. Plato Investment Management Ltd acquired a new position in Hasbro during the 2nd quarter worth $27,000. Asset Dedication LLC boosted its position in Hasbro by 290.1% in the 2nd quarter. Asset Dedication LLC now owns 472 shares of the company’s stock valued at $28,000 after buying an additional 351 shares during the last quarter. Finally, Itau Unibanco Holding S.A. acquired a new stake in shares of Hasbro in the 3rd quarter valued at $40,000. Institutional investors own 91.83% of the company’s stock.

Wall Street Analyst Weigh In

HAS has been the subject of several research reports. Jefferies Financial Group increased their target price on shares of Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. JPMorgan Chase & Co. lifted their price objective on Hasbro from $76.00 to $82.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. DA Davidson upped their target price on Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Bank of America lifted their price target on shares of Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Finally, Morgan Stanley increased their price objective on shares of Hasbro from $80.00 to $92.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $80.67.

Hasbro Stock Up 2.0 %

Shares of NASDAQ:HAS opened at $65.15 on Friday. The company’s fifty day moving average is $67.77 and its 200-day moving average is $64.42. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.29 and a current ratio of 1.47. Hasbro has a 52 week low of $45.87 and a 52 week high of $73.46. The company has a market capitalization of $9.09 billion, a PE ratio of -14.04, a P/E/G ratio of 0.59 and a beta of 0.63.

Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Thursday, October 24th. The company reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.45. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.30 billion. Hasbro had a negative net margin of 14.83% and a positive return on equity of 47.91%. The company’s revenue for the quarter was down 14.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.64 earnings per share. Equities research analysts predict that Hasbro will post 3.93 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $2.80 dividend on an annualized basis and a yield of 4.30%. Hasbro’s dividend payout ratio (DPR) is presently -60.34%.

About Hasbro

Hasbro, Inc, together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments.