Let’s reassess the active stocks with an eye toward HAS stock. Just how should we respond to Monday’s drubbing? Is the mighty fruit now destined to decay? Or is this a mere bruising and nothing more? On 03 December, shares of Hasbro, Inc. (NASDAQ:HAS) closed lower after a volatile session. The shares dropped -1.13 points or -1.24 percent at $89.87 with a heavy trade volume of 4.107 million shares. After opening the session at $91.47, the shares went as high as $91.51 and as low as $88.6, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $12.1 billion and now has 134.64 million shares outstanding. Hasbro, Inc. (HAS) stock has lost -7.87 percent of market value in 21 trading days.
HAS stock has a trailing 3-year beta of 0.97, offering the possibility of a lower rate of return, but also posing less risk. The portion of a company’s profit allocated to each outstanding share of common stock was $4.39 a share in the trailing twelve months. The stock’s value has fallen -1.12 percent year to date (YTD) against a decline of -2.15 percent in 12 month’s time. The company’s shares still trade -18 percent away from its 1-year high of $109.60 and 13.76 percent up from 52-week low of $79.00. The average consensus rating on the company is 2.2, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a sell.
Hasbro, Inc. (HAS) will probably climb 17.71 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $120-month high price target. This represents a whopping 33.53 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $105, which represents a return potential of 16.84 percent when compared to the closing price of the stock of $89.87 on Monday, December 03. The lowest price target for the stock is $85 — slightly more than -5.42 percent from HAS’s current share price.
History has shown that shares in Hasbro, Inc. have gone up on 25 different earnings reaction days and are predicted to add 0.05 percent when the company reports upcoming earnings. Investors will get their next glimpse of HAS’s Q4 earnings on February 11. Analysts are forecasting revenue to suffer decline of -3 percent to $1.55B in the fiscal fourth quarter, while earnings are seen soaring by nearly -24.35 percent to $1.74 per share. It earned $1.93 per share, worse than the $2.23, adjusted, expected by Thomson Reuters consensus estimate. Revenue was $1.57B, worse than the $1.71B analysts expected. Earnings are estimated to increase by 29.3 percent this year, 16.35 percent next year and continue to increase by 4.05 percent annually for the next 5 years.
Let’s take a look at some insider activity at Hasbro, Inc. (NASDAQ:HAS) and see the pattern. The earliest insider trade took place on 11/28/2018. Hassenfeld Alan G parted with a total of 92.43 thousand shares of company at average share price of $96.54. The total for the sales was set at $8.92 million. After this transaction, the Director, 10% Owner account balance stood at 7.49 million shares. The stock lost -5.74 percent since that insider sale. On 11/27/2018, Hassenfeld Alan G, Director, 10% Owner, sold 302.22 thousand shares at a price per share of $97.54. This removed 29.48 million shares from the insider’s fortune and the stock saw a -6.7 percent retreat in value since the news became public. This transaction left 7.58 million shares in the Director, 10% Owner account.
On 11/19/2018, Director, 10% Owner Hassenfeld Alan G performed a sale transaction worth $521.14 thousand. This sale at $97.41 each has eliminated 5.35 thousand shares from the insider’s portfolio position. Meanwhile, shares have recorded -6.58 percent decrease since the transaction was reported. The insider now is left with 7.88 million shares remaining in the account. Hassenfeld Alan G, who performs the Director, 10% Owner job, sold 400 thousand shares for $38.96 million. The disposal occurred on 11/16/2018 was priced at $97.41 per share. The share price plunged -6.58 percent since the reporting date. Hassenfeld Alan G now left with a stake of 7.89 million HAS stock worth $708.99 million after the insider selling.
The stock is currently hovering around the first support level of $88.48. Below this, the next support is placed in the zone of $87.08. Till the time, the HAS stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 34.24 on daily chart, which may remain a cause for comfort. If the price breaks below $87.08 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $91.39 mark may result into a pull-back move towards $92.9 level.
Shares of Hasbro, Inc. (HAS) are trading at a P/E ratio of 20.8 times earnings reported for the past 12 months. The industry HAS operates in has an average P/E of 33.78. Its P/E ratio went as low as 13.86X and as high as 25.05 over the 5-year span.Further, it is sporting a 2.53 on the Price-to-Sales ratio. Compare this with the industry average P/S of 9.6. 53.2 percent is the gross profit margin for Hasbro, Inc. and operating margin sits at 12.4 percent. Along with this, the net profit margin is 4.3 percent.