Cibc World Market Inc. Purchases New Holdings in Hasbro, Inc. $HAS

Cibc World Market Inc. purchased a new position in shares of Hasbro, Inc. (NASDAQ:HAS) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 24,439 shares of the company’s stock, valued at approximately $2,018,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of Hasbro in the 2nd quarter worth $2,204,689,000. Vanguard Group Inc. raised its stake in shares of Hasbro by 2.7% during the 4th quarter. Vanguard Group Inc. now owns 16,976,679 shares of the company’s stock worth $1,392,088,000 after buying an additional 453,038 shares in the last quarter. State Street Corp lifted its holdings in shares of Hasbro by 2.1% in the 2nd quarter. State Street Corp now owns 6,508,052 shares of the company’s stock valued at $480,424,000 after buying an additional 131,678 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Hasbro by 47.3% in the 4th quarter. AQR Capital Management LLC now owns 4,357,147 shares of the company’s stock valued at $357,286,000 after buying an additional 1,399,499 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Hasbro by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 3,661,020 shares of the company’s stock valued at $299,700,000 after buying an additional 122,592 shares in the last quarter. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Hasbro News Roundup

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: New multiyear Upper Deck partnership: Hasbro and Upper Deck announced a global licensing agreement covering trading cards and tabletop games based on Transformers, G.I. Joe, Power Rangers, M.A.S.K., and Jem and the Holograms. The arrangement could generate incremental royalty and licensing revenue while extending Hasbro’s brands into the collectibles market. Upper Deck Debuts Transformers 40th Anniversary Card Set To Kick Off New Hasbro Partnership Upper Deck Announces New Licensing Agreement with Hasbro
• Positive Sentiment: Immediate product launch supports visibility: Upper Deck is debuting a Transformers 40th Anniversary trading-card set, alongside planned games and cards tied to the other Hasbro properties. The launch provides an early commercial platform for the partnership and may increase fan engagement and brand licensing exposure. Upper Deck and Hasbro Reveal New Games and Trading Cards
• Neutral Sentiment: Analyst sentiment remains constructive: Hasbro was reported to have an average analyst rating of “Moderate Buy,” which may provide some support for investor sentiment, but the report does not identify a new price-target revision or earnings estimate change. Hasbro Given Average Rating of Moderate Buy
• Neutral Sentiment: No reliable short-interest signal: The reported August short-interest data shows zero shares and a zero-day short ratio, with an invalid percentage change. This appears to be a data-quality issue rather than evidence of a meaningful shift in bearish positioning. Toy Stocks To Watch Now

Wall Street Analyst Weigh In

HAS has been the subject of a number of recent analyst reports. Wall Street Zen downgraded Hasbro from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Morgan Stanley upped their price target on shares of Hasbro from $122.00 to $123.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. JPMorgan Chase & Co. dropped their price objective on Hasbro from $125.00 to $111.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. Argus raised their price objective on Hasbro from $90.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Finally, UBS Group reaffirmed a “buy” rating and set a $120.00 price target on shares of Hasbro in a research report on Monday, July 27th. Twelve investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $109.43.

Insider Transactions at Hasbro

In other news, insider John Hight sold 3,186 shares of the firm’s stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $93.71, for a total value of $298,560.06. Following the transaction, the insider directly owned 67,557 shares in the company, valued at approximately $6,330,766.47. This trade represents a 4.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Elizabeth Hamren sold 1,975 shares of the stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $92.84, for a total transaction of $183,359.00. Following the completion of the sale, the director directly owned 9,896 shares in the company, valued at approximately $918,744.64. This trade represents a 16.64% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 45,415 shares of company stock valued at $4,260,164. Company insiders own 0.71% of the company’s stock.

Hasbro Trading Down 0.5%

Shares of HAS opened at $96.29 on Thursday. Hasbro, Inc. has a 12 month low of $69.50 and a 12 month high of $106.98. The stock’s 50-day moving average is $87.83 and its two-hundred day moving average is $91.24. The company has a debt-to-equity ratio of 4.16, a current ratio of 1.66 and a quick ratio of 1.46. The stock has a market cap of $13.58 billion, a PE ratio of 17.32, a P/E/G ratio of 1.77 and a beta of 0.47.

Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Tuesday, July 21st. The company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.12. Hasbro had a net margin of 15.97% and a return on equity of 141.11%. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the firm posted $1.30 EPS. The firm’s quarterly revenue was up 16.2% on a year-over-year basis. Equities analysts forecast that Hasbro, Inc. will post 6.15 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Wednesday, August 19th. Hasbro’s dividend payout ratio is currently 50.36%.

About Hasbro

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.