CM Management LLC Acquires New Position in Hasbro, Inc. (NASDAQ:HAS)

CM Management LLC bought a new stake in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 20,000 shares of the company's stock, valued at approximately $1,118,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Huntington National Bank grew its holdings in Hasbro by 27.3% during the third quarter. Huntington National Bank now owns 759 shares of the company's stock valued at $55,000 after purchasing an additional 163 shares during the period. Glenmede Trust Co. NA grew its stake in shares of Hasbro by 2.2% during the 3rd quarter. Glenmede Trust Co. NA now owns 7,657 shares of the company's stock worth $554,000 after acquiring an additional 166 shares during the period. Keybank National Association OH increased its holdings in Hasbro by 3.5% in the 4th quarter. Keybank National Association OH now owns 5,381 shares of the company's stock worth $301,000 after acquiring an additional 180 shares during the last quarter. Principal Securities Inc. increased its holdings in Hasbro by 16.4% in the 4th quarter. Principal Securities Inc. now owns 1,478 shares of the company's stock worth $83,000 after acquiring an additional 208 shares during the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund raised its stake in Hasbro by 5.4% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 4,090 shares of the company's stock valued at $225,000 after acquiring an additional 210 shares during the period. 91.83% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Morgan Stanley reiterated 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. Roth Mkm lifted their price objective on shares of 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 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. Finally, DA Davidson lifted their price target 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, Hasbro has an average rating of "Moderate Buy" and an average target price of $80.22.

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Hasbro Price Performance

Hasbro stock traded down $0.42 during midday trading on Monday, hitting $63.93. 1,723,201 shares of the company's stock were exchanged, compared to its average volume of 1,600,942. The company has a market cap of $8.92 billion, a P/E ratio of 23.25, a PEG ratio of 0.60 and a beta of 0.51. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.29 and a current ratio of 1.60. The stock has a 50-day moving average price of $59.89 and a two-hundred day moving average price of $64.21. Hasbro, Inc. has a 52-week low of $51.26 and a 52-week high of $73.46.

Hasbro (NASDAQ:HAS - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.36 by $0.10. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.02 billion. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. On average, equities research analysts forecast that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.38%. The ex-dividend date is Monday, March 3rd. Hasbro's dividend payout ratio is currently 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.