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

Hasbro, Inc. (NASDAQ:HAS) announced a quarterly dividend on Thursday, July 18th, Zacks reports. Investors of record on Wednesday, August 21st will be given a dividend of 0.70 per share on Wednesday, September 4th. This represents a $2.80 annualized dividend and a yield of 4.22%. The ex-dividend date is Wednesday, August 21st.

Hasbro has raised its dividend payment by an average of 1.0% annually over the last three years. Hasbro has a dividend payout ratio of 64.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Hasbro to earn $4.36 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 64.2%.

Hasbro Stock Performance

Shares of HAS opened at $66.33 on Tuesday. Hasbro has a one year low of $42.66 and a one year high of $73.57. The company has a 50-day simple moving average of $60.96 and a two-hundred day simple moving average of $57.75. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.46 and a quick ratio of 1.27. The firm has a market capitalization of $9.23 billion, a PE ratio of -6.54, a price-to-earnings-growth ratio of 0.51 and a beta of 0.62.

Hasbro (NASDAQ:HAS) last released its earnings results on Thursday, July 25th. The company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.44. Hasbro had a negative net margin of 22.78% and a positive return on equity of 38.83%. The firm had revenue of $995.30 million for the quarter, compared to the consensus estimate of $941.38 million. During the same period in the prior year, the firm earned $0.49 EPS. The company’s revenue was down 17.7% compared to the same quarter last year. On average, analysts anticipate that Hasbro will post 3.89 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on the company. StockNews.com raised Hasbro from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th. Roth Mkm increased their target price on Hasbro from $65.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Monness Crespi & Hardt lifted their price target on Hasbro from $60.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Stifel Nicolaus increased their price objective on shares of Hasbro from $76.00 to $78.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, JPMorgan Chase & Co. raised shares of Hasbro from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $61.00 to $74.00 in a report on Thursday, May 23rd. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $69.64.

Insider Buying and Selling at Hasbro

In related news, EVP Tarrant L. Sibley sold 13,000 shares of the company’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $60.26, for a total transaction of $783,380.00. Following the completion of the sale, the executive vice president now owns 53,003 shares in the company, valued at $3,193,960.78. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.82% of the company’s stock.

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.