Cibc World Markets Corp Raises Position in Hasbro, Inc. (NASDAQ:HAS)

Cibc World Markets Corp lifted its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 45.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,750 shares of the company’s stock after acquiring an additional 4,620 shares during the quarter. Cibc World Markets Corp’s holdings in Hasbro were worth $825,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Allworth Financial LP grew its stake in shares of Hasbro by 120.1% during the 4th quarter. Allworth Financial LP now owns 482 shares of the company’s stock worth $28,000 after purchasing an additional 263 shares during the period. True Wealth Design LLC purchased a new stake in Hasbro during the third quarter worth about $31,000. Itau Unibanco Holding S.A. purchased a new stake in Hasbro during the third quarter worth about $40,000. Wilmington Savings Fund Society FSB acquired a new position in Hasbro during the third quarter worth about $45,000. Finally, Principal Securities Inc. increased its holdings in Hasbro by 16.4% in the fourth quarter. Principal Securities Inc. now owns 1,478 shares of the company’s stock valued at $83,000 after buying an additional 208 shares in the last quarter. 91.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on HAS shares. Stifel Nicolaus decreased 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. Morgan Stanley reiterated an “overweight” rating and issued a $84.00 price objective (down from $88.00) on shares of Hasbro in a research report on Friday, February 21st. DA Davidson raised their target price on shares of Hasbro from $73.00 to $75.00 and gave the company a “neutral” rating in a report on Monday, February 24th. Finally, Roth Mkm upped their price target on shares of Hasbro from $68.00 to $82.00 and gave the company a “buy” rating in a report on Friday, February 21st. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $80.22.

Hasbro Trading Up 0.3 %

Shares of NASDAQ:HAS opened at $60.57 on Friday. Hasbro, Inc. has a twelve month low of $54.05 and a twelve month high of $73.46. 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 firm has a market cap of $8.45 billion, a P/E ratio of 22.03, a P/E/G ratio of 0.60 and a beta of 0.51. The company has a 50 day moving average of $60.76 and a 200-day moving average of $63.78.

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

Hasbro Announces Dividend

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