Hasbro, Inc. Announces Quarterly Dividend of $0.70 (NASDAQ:HAS)

Hasbro, Inc. (NASDAQ:HAS) announced a quarterly dividend on Friday, February 21st, Wall Street Journal reports. Stockholders of record on Monday, March 3rd will be given a dividend of 0.70 per share on Wednesday, March 12th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date is Monday, March 3rd.

Hasbro has raised its dividend by an average of 1.0% per year over the last three years. Hasbro has a dividend payout ratio of 57.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Hasbro to earn $4.33 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 64.7%.

Hasbro Trading Down 2.2 %

HAS stock traded down $1.50 on Friday, reaching $67.56. The company’s stock had a trading volume of 2,290,513 shares, compared to its average volume of 1,477,382. The business has a fifty day simple moving average of $58.31 and a two-hundred day simple moving average of $64.17. Hasbro has a 12-month low of $48.63 and a 12-month high of $73.46. The firm has a market cap of $9.42 billion, a PE ratio of -14.56, a PEG ratio of 0.53 and a beta of 0.64. 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 (NASDAQ:HAS) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.10. Hasbro had a positive return on equity of 47.91% and a negative net margin of 14.83%. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.02 billion. As a group, research analysts forecast that Hasbro will post 3.88 EPS for the current year.

Wall Street Analyst Weigh In

HAS has been the subject of a number of research analyst reports. Stifel Nicolaus dropped their price target on Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. Roth Mkm raised their price objective on Hasbro from $68.00 to $82.00 and gave the company a “buy” rating in a research report on Friday. Morgan Stanley reissued an “overweight” rating and set a $84.00 price objective (down previously from $88.00) on shares of Hasbro in a research report on Friday. Finally, DA Davidson raised their price target on Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Hasbro presently has an average rating of “Moderate Buy” and an average price target of $80.00.

Insider Buying and Selling

In related news, EVP Matthew Edward Austin sold 1,718 shares of Hasbro stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $65.06, for a total value of $111,773.08. Following the completion of the sale, the executive vice president now directly owns 36,828 shares in the company, valued at approximately $2,396,029.68. This trade represents a 4.46 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.82% of the stock is owned by corporate insiders.

Hasbro Company Profile

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.