Hasbro Sees Unusually High Options Volume (NASDAQ:HAS)

Hasbro, Inc. (NASDAQ:HAS) saw unusually large options trading on Monday. Traders acquired 28,032 call options on the company. This is an increase of 576% compared to the average daily volume of 4,144 call options.

Hasbro Trading Down 0.3 %

Shares of Hasbro stock traded down $0.19 during trading hours on Monday, reaching $64.28. 1,656,854 shares of the company’s stock were exchanged, compared to its average volume of 1,781,944. The firm has a market capitalization of $8.92 billion, a price-to-earnings ratio of -6.33, a price-to-earnings-growth ratio of 1.09 and a beta of 0.74. The company has a fifty day moving average of $54.43 and a 200-day moving average of $51.07. Hasbro has a 52-week low of $42.66 and a 52-week high of $73.57. The company has a current ratio of 1.11, a quick ratio of 0.93 and a debt-to-equity ratio of 2.88.

Hasbro (NASDAQ:HAS) last released its earnings results on Wednesday, April 24th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.34. Hasbro had a negative net margin of 29.60% and a positive return on equity of 25.41%. The business had revenue of $757.30 million for the quarter, compared to analysts’ expectations of $739.84 million. During the same period last year, the company earned $0.01 earnings per share. The company’s quarterly revenue was down 24.3% on a year-over-year basis. Sell-side analysts forecast that Hasbro will post 3.46 EPS for the current fiscal year.

Hasbro Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.36%. The ex-dividend date is Tuesday, April 30th. Hasbro’s dividend payout ratio is currently -27.61%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of HAS. Aigen Investment Management LP purchased a new stake in shares of Hasbro during the 3rd quarter valued at about $1,250,000. Janney Montgomery Scott LLC grew its holdings in Hasbro by 6.5% during the 3rd quarter. Janney Montgomery Scott LLC now owns 47,369 shares of the company’s stock valued at $3,133,000 after purchasing an additional 2,875 shares in the last quarter. Albion Financial Group UT increased its stake in Hasbro by 105.7% during the 3rd quarter. Albion Financial Group UT now owns 58,743 shares of the company’s stock worth $3,885,000 after buying an additional 30,192 shares during the period. Assenagon Asset Management S.A. lifted its holdings in Hasbro by 125.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 27,807 shares of the company’s stock worth $1,839,000 after buying an additional 15,466 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC boosted its position in Hasbro by 2,610.0% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 43,414 shares of the company’s stock valued at $2,871,000 after buying an additional 41,812 shares during the last quarter. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on HAS shares. Jefferies Financial Group raised their price objective on shares of Hasbro from $61.00 to $63.00 and gave the company a “buy” rating in a research report on Friday, April 19th. Stifel Nicolaus raised their price target on Hasbro from $64.00 to $67.00 and gave the company a “buy” rating in a report on Monday, April 15th. TheStreet lowered Hasbro from a “c-” rating to a “d+” rating in a report on Tuesday, February 13th. JPMorgan Chase & Co. increased their price objective on Hasbro from $52.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. Finally, Roth Mkm boosted their target price on shares of Hasbro from $65.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $66.36.

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.