Cibc World Markets Corp Grows Stake in Hasbro, Inc. (NASDAQ:HAS)

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

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

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Roth Mkm upped their price objective on Hasbro from $68.00 to $82.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Stifel Nicolaus decreased their price target on Hasbro from $82.00 to $77.00 and set a "buy" rating on the stock in a report on Friday, January 3rd. StockNews.com upgraded Hasbro from a "hold" rating to a "buy" rating in a research report on Tuesday. Morgan Stanley reissued an "overweight" rating and issued a $84.00 target price (down previously from $88.00) on shares of Hasbro in a research note on Friday, February 21st. Finally, DA Davidson lifted their price target on shares of Hasbro from $73.00 to $75.00 and gave the stock a "neutral" rating in a research note on Monday, February 24th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Hasbro presently has an average rating of "Moderate Buy" and a consensus price target of $80.22.

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Hasbro Stock Up 0.7 %

Shares of HAS stock traded up $0.45 during mid-day trading on Wednesday, hitting $61.49. The stock had a trading volume of 1,309,637 shares, compared to its average volume of 1,562,935. The firm has a market capitalization of $8.58 billion, a P/E ratio of 22.36, a price-to-earnings-growth ratio of 0.60 and a beta of 0.51. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.60 and a quick ratio of 1.29. Hasbro, Inc. has a 12-month low of $54.05 and a 12-month high of $73.46. The firm's 50-day moving average is $60.93 and its two-hundred day moving average is $63.64.

Hasbro (NASDAQ:HAS - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.46 earnings per share (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 company had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.02 billion. On average, analysts predict that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The firm also recently disclosed 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. This represents a $2.80 annualized dividend and a yield of 4.55%. The ex-dividend date of this dividend was Monday, March 3rd. Hasbro's payout ratio is 101.82%.

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.