CIBC Asset Management Inc Has $1.06 Million Stock Holdings in Hasbro, Inc. (NASDAQ:HAS)

CIBC Asset Management Inc boosted its stake in Hasbro, Inc. (NASDAQ:HAS) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm 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 filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Allworth Financial LP raised its holdings in shares of Hasbro by 120.1% in the 4th quarter. Allworth Financial LP now owns 482 shares of the company’s stock valued at $28,000 after acquiring an additional 263 shares in the last quarter. Blue Trust Inc. increased its stake in Hasbro by 224.8% in the 3rd quarter. Blue Trust Inc. now owns 432 shares of the company’s stock worth $31,000 after purchasing an additional 299 shares during the period. True Wealth Design LLC purchased a new position in Hasbro in the 3rd quarter worth approximately $31,000. Itau Unibanco Holding S.A. purchased a new position in Hasbro in the 3rd quarter worth approximately $40,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Hasbro in the 3rd quarter worth approximately $45,000. Institutional investors own 91.83% of the company’s stock.

Insider Transactions at Hasbro

In other news, EVP Matthew Edward Austin sold 1,718 shares of the stock in a transaction that occurred 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 sale, the executive vice president now directly owns 36,828 shares in the company, valued at approximately $2,396,029.68. This represents a 4.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.82% of the company’s stock.

Wall Street Analyst Weigh In

HAS has been the topic of a number of recent analyst reports. Roth Mkm lifted their price objective on Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday. Stifel Nicolaus cut their price target on Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a report on Friday, January 3rd. Finally, Morgan Stanley reissued an “overweight” rating and set a $84.00 price target (down previously from $88.00) on shares of Hasbro in a report on Friday. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Hasbro presently has an average rating of “Moderate Buy” and an average price target of $80.00.

Hasbro Trading Down 2.2 %

Shares of HAS 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’s 50 day simple moving average is $58.42 and its two-hundred day simple moving average is $64.20. Hasbro, Inc. has a 1 year low of $48.63 and a 1 year high of $73.46. The company has a market cap of $9.42 billion, a PE ratio of 24.57, a price-to-earnings-growth ratio of 0.60 and a beta of 0.64.

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

Hasbro Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd will be issued a $0.70 dividend. The ex-dividend date is Monday, March 3rd. This represents a $2.80 annualized dividend and a dividend yield of 4.14%. 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.