Hasbro (HAS) has a market cap of $9.9 billion. It fell by 6.6% to close at $79.82 per share on July 18, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were -6.6%, -7.1%, and 20.0%, respectively, on the same day. HAS is trading 5.4% below its 20-day moving average, 6.4% below its 50-day moving average, and 3.3% above its 200-day moving average.
Related ETF and peers
The WisdomTree Mid-Cap Dividend ETF (DON) invests 0.65% of its holdings in Hasbro. The ETF tracks a dividend-weighted index of midcap stocks. The YTD price movement of DON was 15.3% on July 18.
The market caps of Hasbro’s competitors are as follows:
Performance of Hasbro in fiscal 2Q16
Hasbro reported fiscal 2Q16 net revenues of $878.9 million, a rise of 10.2% compared to net revenues of $797.7 million in fiscal 2Q15. Net revenues from boys, games, girls, and preschool products categories rose by 4.3%, 7.6%, 35.2%, and 4.9%, respectively, in fiscal 2Q16, compared to the prior-year period.
Net revenues from the US and Canada, International, and Entertainment & Licensing segments rose by 10.6%, 10.6%, and 8.9%, respectively, in fiscal 2Q16 compared to fiscal 2Q15. The company’s cost of sales as a percentage of net revenues fell by 1.1%, and its operating profit rose 12.5%, respectively, in fiscal 2Q16, compared to fiscal 2Q15.
Its net income and EPS (earnings per share) rose to $52.1 million and $0.41, respectively, in fiscal 2Q16 compared to $41.8 million and $0.33, respectively, in fiscal 2Q15.
Hasbro’s cash and cash equivalents and inventories rose by 7.6% and 41.8%, respectively, in fiscal 2Q16 compared to fiscal 2Q15. Its current ratio rose to 3.4x, and its debt-to-equity ratio fell to 1.7x in fiscal 2Q16, compared to a current ratio and a debt-to-equity ratio of 2.9x and 1.9x, respectively, in fiscal 2Q15.
During fiscal 2Q16, the company repurchased 270,611 shares of its common stock worth $21.9 million at an average price of $81 per share. There are still $421.5 million available under the current share repurchase authorization.
Hasbro has declared a quarterly cash dividend of $0.51 per share on its common stock. The dividend will be paid on August 15, 2016, to shareholders of record at the close of business on August 1, 2016.
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