Cibc World Markets Corp Acquires 4,620 Shares of Hasbro, Inc. (NASDAQ:HAS)

Cibc World Markets Corp grew its holdings in Hasbro, Inc. (NASDAQ:HAS) by 45.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,750 shares of the company’s stock after acquiring an additional 4,620 shares during the period. Cibc World Markets Corp’s holdings in Hasbro were worth $825,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of HAS. True Wealth Design LLC bought a new position in Hasbro during the third quarter valued at about $31,000. Allworth Financial LP raised its stake in shares of Hasbro by 120.1% in the 4th quarter. Allworth Financial LP now owns 482 shares of the company’s stock valued at $28,000 after acquiring an additional 263 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new stake in Hasbro in the 3rd quarter worth approximately $40,000. Wilmington Savings Fund Society FSB bought a new stake in Hasbro during the third quarter worth approximately $45,000. Finally, Principal Securities Inc. grew its holdings in Hasbro by 16.4% during the fourth quarter. Principal Securities Inc. now owns 1,478 shares of the company’s stock valued at $83,000 after purchasing an additional 208 shares during the last quarter. Institutional investors and hedge funds own 91.83% of the company’s stock.

Wall Street Analyst Weigh In

HAS has been the subject of a number of research analyst reports. Morgan Stanley reissued an “overweight” rating and set a $84.00 target price (down previously from $88.00) on shares of Hasbro in a research report on Friday, February 21st. Roth Mkm increased their target price on Hasbro from $68.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Stifel Nicolaus dropped their price target on Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a research report on Friday, January 3rd. Finally, DA Davidson increased their price objective on Hasbro from $73.00 to $75.00 and gave the company a “neutral” rating in a research report on Monday, February 24th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $80.22.

Hasbro Stock Up 0.3 %

NASDAQ:HAS opened at $60.57 on Friday. The stock has a market cap of $8.45 billion, a price-to-earnings ratio of 22.03, a PEG ratio of 0.60 and a beta of 0.51. The company has a current ratio of 1.60, a quick ratio of 1.29 and a debt-to-equity ratio of 2.85. The stock has a 50-day moving average price of $60.76 and a two-hundred day moving average price of $63.78. Hasbro, Inc. has a 1 year low of $54.05 and a 1 year high of $73.46.

Hasbro (NASDAQ:HAS) last announced its earnings results on Thursday, February 20th. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.10. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.02 billion. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. As a group, equities analysts expect that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Monday, March 3rd were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.80 annualized dividend and a yield of 4.62%. Hasbro’s payout ratio is presently 101.82%.

About Hasbro

Hasbro, Inc, together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments.