M&T Bank Corp Buys 9,677 Shares of Hasbro, Inc. $HAS

M&T Bank Corp grew its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 116.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,021 shares of the company’s stock after acquiring an additional 9,677 shares during the quarter. M&T Bank Corp’s holdings in Hasbro were worth $1,478,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. CYBER HORNET ETFs LLC purchased a new stake in shares of Hasbro during the second quarter valued at $25,000. MUFG Securities EMEA plc purchased a new stake in shares of Hasbro during the second quarter valued at $28,000. First Horizon Corp purchased a new stake in shares of Hasbro during the third quarter valued at $29,000. Foster Dykema Cabot & Partners LLC purchased a new stake in shares of Hasbro during the third quarter valued at $34,000. Finally, Wexford Capital LP purchased a new stake in shares of Hasbro during the third quarter valued at $37,000. 91.83% of the stock is currently owned by institutional investors.

Insider Transactions at Hasbro

In other Hasbro news, CFO Gina M. Goetter sold 12,429 shares of the firm’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $103.46, for a total value of $1,285,904.34. Following the transaction, the chief financial officer directly owned 68,221 shares of the company’s stock, valued at approximately $7,058,144.66. This trade represents a 15.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Tarrant L. Sibley sold 15,148 shares of the firm’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $104.98, for a total value of $1,590,237.04. Following the completion of the transaction, the executive vice president directly owned 50,174 shares in the company, valued at $5,267,266.52. The trade was a 23.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 413,342 shares of company stock valued at $42,241,679. Company insiders own 0.85% of the company’s stock.

Hasbro Trading Down 1.6%

Shares of NASDAQ:HAS opened at $94.02 on Thursday. The stock has a market capitalization of $13.31 billion, a price-to-earnings ratio of -40.01, a PEG ratio of 2.79 and a beta of 0.55. The company has a debt-to-equity ratio of 4.89, a quick ratio of 1.24 and a current ratio of 1.38. The stock’s 50-day simple moving average is $94.18 and its two-hundred day simple moving average is $87.44. Hasbro, Inc. has a 52-week low of $60.04 and a 52-week high of $106.98.

Hasbro (NASDAQ:HAS) last announced its earnings results on Tuesday, February 10th. The company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.52. The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Hasbro had a positive return on equity of 127.21% and a negative net margin of 6.86%.The business’s revenue for the quarter was up 31.3% on a year-over-year basis. During the same period last year, the firm posted $0.46 earnings per share. Analysts expect that Hasbro, Inc. will post 5.74 EPS for the current year.

Hasbro Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Wednesday, February 18th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Wednesday, February 18th. Hasbro’s dividend payout ratio (DPR) is presently -119.15%.

Analysts Set New Price Targets

Several equities research analysts recently commented on HAS shares. UBS Group increased their price objective on Hasbro from $99.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. Morgan Stanley increased their price objective on Hasbro from $119.00 to $122.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. Roth Mkm set a $120.00 price objective on Hasbro in a research report on Wednesday, February 11th. Citigroup increased their price objective on Hasbro from $97.00 to $118.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. Finally, Jefferies Financial Group increased their price objective on Hasbro from $95.00 to $112.00 and gave the company a “buy” rating in a research report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $113.07.

Hasbro Company Profile

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.