Investors Purchase High Volume of Hasbro Put Options (HAS)

Hasbro, Inc. (NASDAQ:HAS) was the recipient of some unusual options trading on Wednesday. Traders bought 12,168 put options on the stock. This represents an increase of 1,553% compared to the average daily volume of 736 put options.

Hasbro (NASDAQ:HAS) opened at $92.41 on Friday. Hasbro has a 1 year low of $80.22 and a 1 year high of $116.20. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.11 and a current ratio of 2.53. The stock has a market capitalization of $11,510.00, a PE ratio of 19.70, a PEG ratio of 1.73 and a beta of 0.86.

Hasbro (NASDAQ:HAS) last released its earnings results on Monday, October 23rd. The company reported $2.09 EPS for the quarter, topping the consensus estimate of $1.94 by $0.15. Hasbro had a return on equity of 31.74% and a net margin of 11.34%. The business had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter last year, the firm posted $2.03 earnings per share. The firm’s revenue was up 6.6% on a year-over-year basis. research analysts predict that Hasbro will post 5 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, February 1st will be paid a dividend of $0.57 per share. The ex-dividend date of this dividend is Wednesday, January 31st. This represents a $2.28 annualized dividend and a yield of 2.47%. Hasbro’s dividend payout ratio is currently 48.61%.

Several equities analysts have commented on the company. Zacks Investment Research upgraded Hasbro from a “sell” rating to a “hold” rating in a research report on Tuesday, December 26th. B. Riley assumed coverage on Hasbro in a research report on Thursday, December 21st. They issued a “buy” rating and a $108.00 target price for the company. BidaskClub upgraded Hasbro from a “sell” rating to a “hold” rating in a research report on Friday, December 15th. BMO Capital Markets reiterated a “hold” rating and issued a $83.00 target price on shares of Hasbro in a research report on Monday, November 27th. Finally, UBS Group set a $104.00 price objective on Hasbro and gave the stock a “hold” rating in a research report on Monday, November 13th. Eleven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Hasbro has a consensus rating of “Hold” and an average target price of $105.81.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its stake in Hasbro by 6.0% in the third quarter. JPMorgan Chase & Co. now owns 308,707 shares of the company’s stock valued at $29,946,000 after acquiring an additional 17,493 shares during the period. Nationwide Fund Advisors grew its stake in Hasbro by 128.5% in the second quarter. Nationwide Fund Advisors now owns 217,000 shares of the company’s stock valued at $24,198,000 after acquiring an additional 122,023 shares during the period. New York State Common Retirement Fund grew its stake in Hasbro by 9.3% in the third quarter. New York State Common Retirement Fund now owns 278,980 shares of the company’s stock valued at $27,248,000 after acquiring an additional 23,820 shares during the period. Prudential Financial Inc. grew its stake in Hasbro by 1.3% in the second quarter. Prudential Financial Inc. now owns 195,063 shares of the company’s stock valued at $21,752,000 after acquiring an additional 2,500 shares during the period. Finally, Federated Investors Inc. PA grew its stake in Hasbro by 121.6% in the second quarter. Federated Investors Inc. PA now owns 5,797 shares of the company’s stock valued at $646,000 after acquiring an additional 3,181 shares during the period. 79.35% of the stock is owned by institutional investors and hedge funds.

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Hasbro Company Profile

Hasbro, Inc (Hasbro) is a play and entertainment company. The Company’s operating segments include the U.S. and Canada, International, and Entertainment and Licensing. From toys and games to content development, including television programming, motion pictures, digital gaming and a consumer products licensing program, Hasbro fulfills the fundamental need for play and connection for children and families around the world.

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