CIBC Asset Management Inc Grows Position in Hasbro, Inc. $HAS

CIBC Asset Management Inc grew its position in Hasbro, Inc. (NASDAQ:HAS) by 76.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 29,841 shares of the company’s stock after acquiring an additional 12,908 shares during the period. CIBC Asset Management Inc’s holdings in Hasbro were worth $2,447,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. CYBER HORNET ETFs LLC purchased a new stake in Hasbro during the 2nd quarter worth about $25,000. MUFG Securities EMEA plc purchased a new stake in Hasbro during the 2nd quarter worth about $28,000. Foster Dykema Cabot & Partners LLC purchased a new stake in Hasbro during the 3rd quarter worth about $34,000. Wexford Capital LP purchased a new stake in Hasbro during the 3rd quarter worth about $37,000. Finally, Leonteq Securities AG purchased a new stake in Hasbro during the 4th quarter worth about $49,000. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Hasbro Price Performance

Shares of NASDAQ:HAS opened at $84.18 on Monday. The company’s fifty day moving average price is $91.75 and its 200 day moving average price is $90.08. Hasbro, Inc. has a 12 month low of $65.43 and a 12 month high of $106.98. The company has a debt-to-equity ratio of 4.59, a current ratio of 1.65 and a quick ratio of 1.49. The firm has a market capitalization of $11.91 billion, a P/E ratio of -50.71, a P/E/G ratio of 2.08 and a beta of 0.48.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Wednesday, May 20th. The company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.20 by $0.27. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $969.20 million. Hasbro had a negative net margin of 4.62% and a positive return on equity of 174.64%. Hasbro’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period last year, the business earned $1.04 EPS. As a group, sell-side analysts predict that Hasbro, Inc. will post 5.96 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Monday, June 1st will be paid a $0.70 dividend. The ex-dividend date is Monday, June 1st. This represents a $2.80 dividend on an annualized basis and a yield of 3.3%. Hasbro’s payout ratio is currently -168.67%.

Key Hasbro News

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: Hasbro launched Sixth Wall, a new AI studio focused on creating next-generation character experiences and licensing its iconic IP to partners, potentially expanding monetization of its brand portfolio. Hasbro Launching an AI Studio That Will Let Companies License Its Stable of Characters
• Positive Sentiment: Hasbro also announced a program to license its characters to AI experiences, with reports that ElevenLabs is partnering with the company, reinforcing the idea that Hasbro can turn its IP into recurring digital licensing revenue. ElevenLabs Partners with Hasbro’s AI Studios to License Characters
• Positive Sentiment: Separately, Zacks highlighted HAS as one of the best consumer dividend stocks to buy, pointing to its strong-buy ranking and dividend appeal, which may help support investor confidence. Best Consumer Dividend Stocks to Buy Now: HAS, KVUE, MOV
• Neutral Sentiment: Additional coverage focused on Hasbro’s latest toy releases featuring Transformers, X-Men, and Star Wars, underscoring continued strength in its core franchise business but without a major new financial catalyst. Hasbro’s Latest Toy Drop Is Packed With Transformers, X-Men, And Star Wars Nostalgia
• Neutral Sentiment: Several other reports repeated the same AI-studio announcement, amplifying the story but not adding materially new information. Hasbro Launches AI-Powered Versions of Its Iconic Characters: Which Ones Are Included?

Analysts Set New Price Targets

A number of brokerages have issued reports on HAS. Monness Crespi & Hardt lifted their price target on Hasbro from $90.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Bank of America lifted their price target on Hasbro from $113.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. Morgan Stanley lifted their price target on Hasbro from $122.00 to $123.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. DA Davidson reiterated a “neutral” rating and set a $100.00 price target on shares of Hasbro in a research note on Thursday, May 21st. Finally, Wells Fargo & Company cut their price target on shares of Hasbro from $98.00 to $92.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $113.64.

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.