Deutsche Bank AG Invests $89.47 Million in Hasbro, Inc. $HAS

Deutsche Bank AG acquired a new stake in shares of Hasbro, Inc. (NASDAQ:HAS) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,083,270 shares of the company’s stock, valued at approximately $89,467,000.

Other hedge funds have also recently made changes to their positions in the company. CYBER HORNET ETFs LLC purchased a new position in Hasbro in the 2nd quarter worth $25,000. University of Texas Texas AM Investment Management Co. purchased a new stake in Hasbro during the 4th quarter valued at about $27,000. MUFG Securities EMEA plc purchased a new stake in Hasbro during the 2nd quarter valued at about $28,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Hasbro by 1,190.0% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 387 shares of the company’s stock valued at $32,000 after purchasing an additional 357 shares during the period. Finally, Cedar Mountain Advisors LLC acquired a new position in shares of Hasbro in the first quarter valued at about $37,000. 91.83% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently commented on HAS. Argus lifted their target price on Hasbro from $90.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. JPMorgan Chase & Co. cut their price target on shares of Hasbro from $125.00 to $111.00 and set an “overweight” rating on the stock in a report on Wednesday, July 22nd. UBS Group reissued a “buy” rating and set a $120.00 price target on shares of Hasbro in a research report on Monday, July 27th. Zacks Research cut shares of Hasbro from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 13th. Finally, Bank of America dropped their price objective on shares of Hasbro from $115.00 to $105.00 and set a “buy” rating on the stock in a report on Thursday, July 16th. Twelve analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $109.43.

Key Stories Impacting Hasbro

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: Hasbro’s Magic: The Gathering business is showing strong momentum, with Marvel-related releases supporting record growth. The upcoming Hobbit-themed products could provide another catalyst for Wizards of the Coast and help extend growth. Hasbro Magic Business Is Booming: Can Marvel and Hobbit Extend Growth?
• Positive Sentiment: Analysts remain broadly optimistic about Hasbro’s growth prospects, and the company’s shares have outpaced the broader market this year. This supports the favorable investor sentiment surrounding the stock. Hasbro Stock: Analyst Estimates & Ratings
• Positive Sentiment: Hasbro’s latest results exceeded expectations, with quarterly earnings and revenue beating consensus estimates and revenue increasing 16.2% year over year. The earnings beat remains a key reason the stock has increased since the report. Why Is Hasbro Up Since Last Earnings Report?
• Positive Sentiment: Hasbro is expanding its X-Men ’97 Marvel Legends collection with a new Beast figure. The release adds support to Hasbro’s licensed-product pipeline, though its direct financial impact is likely limited. Beast Joins Hasbro’s X-Men ’97 Marvel Legends Series Collection

Hasbro Stock Performance

HAS opened at $93.56 on Friday. The firm has a fifty day moving average price of $86.93 and a 200 day moving average price of $91.23. Hasbro, Inc. has a 1 year low of $69.50 and a 1 year high of $106.98. The stock has a market cap of $13.20 billion, a P/E ratio of 16.83, a P/E/G ratio of 1.71 and a beta of 0.47. The company has a debt-to-equity ratio of 4.16, a current ratio of 1.66 and a quick ratio of 1.46.

Hasbro (NASDAQ:HAS) last posted its earnings results on Tuesday, July 21st. The company reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.12. Hasbro had a return on equity of 141.11% and a net margin of 15.97%.The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period last year, the firm earned $1.30 EPS. The company’s quarterly revenue was up 16.2% on a year-over-year basis. Equities research analysts anticipate that Hasbro, Inc. will post 6.15 earnings per share for the current year.

Hasbro Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be given a dividend of $0.70 per share. The ex-dividend date is Wednesday, August 19th. This represents a $2.80 dividend on an annualized basis and a yield of 3.0%. Hasbro’s dividend payout ratio is currently 50.36%.

Insiders Place Their Bets

In other news, Director Elizabeth Hamren sold 1,975 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $92.84, for a total transaction of $183,359.00. Following the transaction, the director owned 9,896 shares in the company, valued at $918,744.64. This trade represents a 16.64% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Gina M. Goetter sold 8,265 shares of Hasbro stock in a transaction on Friday, July 31st. The shares were sold at an average price of $93.96, for a total transaction of $776,579.40. Following the completion of the sale, the chief financial officer directly owned 79,839 shares in the company, valued at $7,501,672.44. This represents a 9.38% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 45,415 shares of company stock valued at $4,260,164 in the last three months. 0.71% of the stock is currently owned by company insiders.

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.