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

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

Hasbro has raised its dividend payment 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. 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 Stock Down 2.2 %

Shares of HAS stock traded down $1.50 during mid-day trading on Friday, hitting $67.56. The stock had a trading volume of 2,290,513 shares, compared to its average volume of 1,477,382. Hasbro has a 12-month low of $48.63 and a 12-month high of $73.46. The firm has a market capitalization of $9.42 billion, a P/E ratio of -14.56, a price-to-earnings-growth ratio of 0.53 and a beta of 0.64. The firm’s 50-day moving average is $58.31 and its two-hundred day moving average is $64.17. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.47 and a quick ratio of 1.29.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.10. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Hasbro had a positive return on equity of 47.91% and a negative net margin of 14.83%. On average, analysts predict that Hasbro will post 3.88 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Stifel Nicolaus decreased their price objective on Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. Morgan Stanley restated an “overweight” rating and set a $84.00 price objective (down from $88.00) on shares of Hasbro in a research note on Friday. DA Davidson upped their price objective on Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Finally, Roth Mkm upped their target price on Hasbro from $68.00 to $82.00 and gave the company a “buy” rating in a research report on Friday. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $80.00.

Insider Activity

In related news, EVP Matthew Edward Austin sold 1,718 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $65.06, for a total transaction of $111,773.08. Following the sale, the executive vice president now directly owns 36,828 shares of the company’s stock, valued at $2,396,029.68. This trade represents a 4.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate 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.