Hasbro Inc. (NASDAQ: HAS) stock fell -1.52% on Thursday to $68.13 against a previous-day closing price of $69.18. With 1.68 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.66 million shares. During the session, the Leisure company that operates in wider Consumer Cyclical sector, reached to the highest price of $69.61 whereas the lowest price it dropped to was $68.11. The 52-week range on HAS shows that it touched its highest point at $81.04 and its lowest point at $45.75 during that stretch. It currently has a 1-year price target of $81.00. With its current market cap of 9.51 billion, HAS has annualized dividend of $2.80 while the current yield stands at 4.11%. Beta for the stock currently stands at 0.71.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of HAS was down-trending over the past week, with a drop of -3.16%, but this was up by 6.40% over a month. Three-month performance surged to 10.05% while six-month performance rose 43.92%. The stock lost -14.72% in the past year, while it has gained 11.67% so far this year. A look at the trailing 12-month EPS for HAS yields -1.85 with Next year EPS estimates of 5.01. For the next quarter, that number is 1.82. This implies an EPS growth rate of -56.70% for this year and 24.16% for next year. EPS is expected to grow by 0.27% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -23.60%.
Float and Shares Shorts:
At present, 138.80 million HAS shares are outstanding with a float of 130.38 million shares on hand for trading. On Aug 30, 2023, short shares totaled 8.81 million, which was 6.35% higher than short shares on Jul 30, 2023. In addition to Mr. Christian Cocks as the firm’s CEO & Director, Ms. Cynthia W. Williams serves as its Pres of Wizards – Coast & Hasbro Gaming.
Institutional Ownership:
Through their ownership of 87.37% of HAS’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 48.74% of HAS, in contrast to 39.58% held by mutual funds. Shares owned by individuals account for 11.89%. As the largest shareholder in HAS with 10.92% of the stake, The Vanguard Group, Inc. holds 15,141,546 shares worth 15,141,546. A second-largest stockholder of HAS, Capital Research & Management Co, holds 9,903,742 shares, controlling over 7.15% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in HAS, holding 7,054,891 shares or 5.09% stake. With a 6.03% stake in HAS, the American Mutual Fund is the largest stakeholder. A total of 8,355,723 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.95% of HAS stock, is the second-largest Mutual Fund holder. It holds 4,089,110 shares valued at 263.99 million. Vanguard Small Cap Index Fund holds 2.46% of the stake in HAS, owning 3,415,307 shares worth 220.49 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jul 01, 2023, HAS reported revenue of $1.34B and operating income of $219.10M. The EBITDA in the recently reported quarter was $248.80M and diluted EPS was $1.02.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HAS since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With HAS analysts setting a high price target of $94.00 and a low target of $64.00, the average target price over the next 12 months is $81.00. Based on these targets, HAS could surge 37.97% to reach the target high and fall by -6.06% to reach the target low. Reaching the average price target will result in a growth of 18.89% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Dividends & Yield:
In terms of dividends, HAS has a current ratio of $2.8, which is $2.8 over the trailing 12-months, while a dividend of $2.69 is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and HAS currently yields $4.11. In the past year, HAS’s dividend yield has been $4.11, but when looking at the stock over the past five years, its yield has been $3.27. Accordingly, HAS has a current buyback yield of $0.01. This was $0.01 for the TTM, and it was $1.33 for the past five years.
Summary of Insider Activity:
Insiders traded HAS stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 19 while that of sell transactions has risen to 23 over the past year. The total number of shares bought during that period was 155,967 while 39,857 shares were sold.
