Hasbro, Inc. (NASDAQ: HAS) Seen Running Too Hot, Let’s Look At This More Closely

Currently, there are 138.18M common shares owned by the public and among those 129.94M shares have been available to trade.

Insiders at the company have transacted a total of 37 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 19 of these insider trades were purchases, accounting for 155,967 shares. Insider sales of the common stock occurred on 18 occasions, with total insider shares sold totaling 24,357 shares.

However, the script later moved the day high at 50.12, down -1.35%. The company’s stock has a 5-day price change of 2.76% and 17.37% over the past three months. HAS shares are trading -0.90% year to date (YTD), with the 12-month market performance down to -11.82% lower. It has a 12-month low price of $42.66 and touched a high of $73.57 over the same period. HAS has an average intraday trading volume of 4.42 shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.41%, 2.10%, and -12.15% respectively.

Institutional ownership of Hasbro, Inc. (NASDAQ: HAS) shares accounts for 88.38% of the company’s 138.18M shares outstanding.

It has a market capitalization of $7.02B and a beta (3y monthly) value of 0.72. The earnings-per-share (ttm) stands at -$10.72. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.92% over the week and 2.75% over the month.

Analysts forecast that Hasbro, Inc. (HAS) will achieve an EPS of $Hasbro, Inc. for the current quarter, $50.60 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Halliburton Company while analysts give the company a high EPS estimate of $Direxion Financial Bull 3X Shar. Comparatively, EPS for the current quarter was $Hess Corporation a year ago. Earnings per share for the fiscal year are expected to increase by 39.47%, and 13.69% over the next financial year.

Looking at the support for the HAS, a number of firms have released research notes about the stock. DA Davidson stated their Neutral rating for the stock in a research note on January 02, 2024, with the firm’s price target at $60-$53.

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