CIBC Asset Management Inc Purchases 484 Shares of Hasbro, Inc. (NASDAQ:HAS)

CIBC Asset Management Inc increased its position in Hasbro, Inc. (NASDAQ:HAS) by 2.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,037 shares of the company’s stock after purchasing an additional 484 shares during the quarter. CIBC Asset Management Inc’s holdings in Hasbro were worth $1,064,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of HAS. Allworth Financial LP grew its stake in Hasbro by 120.1% in the fourth quarter. Allworth Financial LP now owns 482 shares of the company’s stock worth $28,000 after purchasing an additional 263 shares in the last quarter. Blue Trust Inc. grew its stake in Hasbro by 224.8% in the third quarter. Blue Trust Inc. now owns 432 shares of the company’s stock worth $31,000 after purchasing an additional 299 shares in the last quarter. True Wealth Design LLC bought a new stake in Hasbro during the 3rd quarter valued at $31,000. Itau Unibanco Holding S.A. bought a new stake in Hasbro during the 3rd quarter valued at $40,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in Hasbro during the 3rd quarter valued at $45,000. Institutional investors own 91.83% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Morgan Stanley reaffirmed 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. Roth Mkm increased their target price on Hasbro from $68.00 to $82.00 and gave the company a “buy” rating in a research report on Friday. Finally, Stifel Nicolaus dropped their target price on Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a research report on Friday, January 3rd. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $80.00.

Hasbro Stock Down 2.2 %

Hasbro stock opened at $67.56 on Friday. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.60 and a quick ratio of 1.29. The stock has a market capitalization of $9.42 billion, a price-to-earnings ratio of 24.57, a PEG ratio of 0.60 and a beta of 0.64. Hasbro, Inc. has a 1-year low of $48.63 and a 1-year high of $73.46. The business has a fifty day moving average price of $58.42 and a 200-day moving average price of $64.20.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings data 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 analysts’ expectations of $1.02 billion. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. Equities research analysts forecast that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Monday, March 3rd will be paid a $0.70 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 4.14%. Hasbro’s dividend payout ratio (DPR) is 101.82%.

Insider Buying and Selling

In related news, EVP Matthew Edward Austin sold 1,718 shares of the firm’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $65.06, for a total value of $111,773.08. Following the completion of the transaction, the executive vice president now owns 36,828 shares in the company, valued at $2,396,029.68. This trade represents a 4.46 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.82% of the stock is currently owned by company insiders.

Hasbro Company Profile

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.