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

CM Management LLC bought a new position in shares of Hasbro, Inc. (NASDAQ:HAS) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 20,000 shares of the company’s stock, valued at approximately $1,118,000.

A number of other hedge funds have also recently made changes to their positions in the business. Pacer Advisors Inc. raised its position in shares of Hasbro by 28,552.6% in the fourth quarter. Pacer Advisors Inc. now owns 2,789,613 shares of the company’s stock worth $155,967,000 after buying an additional 2,779,877 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Hasbro by 40.2% in the fourth quarter. Bank of New York Mellon Corp now owns 1,485,744 shares of the company’s stock worth $83,068,000 after buying an additional 426,130 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Hasbro by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,189,814 shares of the company’s stock worth $66,522,000 after buying an additional 5,778 shares during the period. Mizuho Securities USA LLC boosted its holdings in shares of Hasbro by 9,806.9% during the third quarter. Mizuho Securities USA LLC now owns 1,000,000 shares of the company’s stock worth $72,320,000 after purchasing an additional 989,906 shares during the period. Finally, Amundi increased its stake in shares of Hasbro by 106.7% during the fourth quarter. Amundi now owns 819,961 shares of the company’s stock valued at $46,827,000 after buying an additional 423,249 shares during the period. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Hasbro Stock Up 1.3 %

Shares of HAS opened at $64.35 on Friday. Hasbro, Inc. has a 52-week low of $50.89 and a 52-week high of $73.46. The company has a quick ratio of 1.29, a current ratio of 1.60 and a debt-to-equity ratio of 2.85. The stock has a fifty day simple moving average of $59.89 and a two-hundred day simple moving average of $64.23. The company has a market capitalization of $8.98 billion, a PE ratio of 23.40, a price-to-earnings-growth ratio of 0.60 and a beta of 0.51.

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

Hasbro Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd will be paid a $0.70 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.35%. Hasbro’s payout ratio is presently 101.82%.

Wall Street Analyst Weigh In

HAS has been the topic of several research reports. DA Davidson boosted their price objective 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. Roth Mkm raised their price target on Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Morgan Stanley restated an “overweight” rating and issued a $84.00 price objective (down from $88.00) on shares of Hasbro in a research note on Friday, February 21st. Finally, Stifel Nicolaus dropped their target price on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a report on Friday, January 3rd. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $80.22.

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.