Deutsche Bank AG Acquires Shares of 1,083,270 Hasbro, Inc. $HAS

Deutsche Bank AG bought a new stake in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,083,270 shares of the company's stock, valued at approximately $89,467,000. Deutsche Bank AG owned 0.77% of Hasbro at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of HAS. Vanguard Group Inc. grew its position in shares of Hasbro by 2.7% during the 4th quarter. Vanguard Group Inc. now owns 16,976,679 shares of the company's stock worth $1,392,088,000 after buying an additional 453,038 shares in the last quarter. State Street Corp lifted its stake in Hasbro by 2.1% in the second quarter. State Street Corp now owns 6,508,052 shares of the company's stock worth $480,424,000 after acquiring an additional 131,678 shares during the period. AQR Capital Management LLC grew its holdings in Hasbro by 47.3% during the 4th quarter. AQR Capital Management LLC now owns 4,357,147 shares of the company's stock worth $357,286,000 after acquiring an additional 1,399,499 shares in the last quarter. Geode Capital Management LLC increased its position in Hasbro by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 3,661,020 shares of the company's stock valued at $299,700,000 after purchasing an additional 122,592 shares during the period. Finally, Bank of America Corp DE raised its holdings in shares of Hasbro by 21.9% in the 3rd quarter. Bank of America Corp DE now owns 3,633,213 shares of the company's stock valued at $275,579,000 after purchasing an additional 651,790 shares in the last quarter. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Morgan Stanley lifted their price objective on shares of Hasbro from $122.00 to $123.00 and gave the company an "overweight" rating in a report on Thursday, May 14th. Argus increased their target price on Hasbro from $90.00 to $105.00 and gave the company a "buy" rating in a research report on Thursday, July 23rd. Weiss Ratings upgraded Hasbro from a "sell (d+)" rating to a "hold (c+)" rating in a report on Friday, July 31st. Wells Fargo & Company boosted their price target on Hasbro from $85.00 to $90.00 and gave the stock an "equal weight" rating in a research report on Thursday. Finally, Roth Capital restated a "buy" rating on shares of Hasbro in a research note on Wednesday, July 22nd. Twelve investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Hasbro has an average rating of "Moderate Buy" and a consensus price target of $109.43.

Insiders Place Their Bets

In other Hasbro news, insider John Hight sold 3,186 shares of the stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $93.71, for a total value of $298,560.06. Following the completion of the sale, the insider directly owned 67,557 shares in the company, valued at approximately $6,330,766.47. This trade represents a 4.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Gina M. Goetter sold 8,265 shares of the firm's stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $93.96, for a total value of $776,579.40. Following the completion of the sale, the chief financial officer directly owned 79,839 shares of the company's stock, valued at approximately $7,501,672.44. This represents a 9.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 45,415 shares of company stock valued at $4,260,164. 0.71% of the stock is owned by corporate insiders.

Hasbro Price Performance

NASDAQ HAS opened at $93.56 on Friday. The firm's fifty day simple moving average is $86.93 and its two-hundred day simple moving average is $91.23. The firm has a market capitalization 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 current ratio of 1.66, a quick ratio of 1.46 and a debt-to-equity ratio of 4.16. Hasbro, Inc. has a 12-month low of $69.50 and a 12-month high of $106.98.

Hasbro (NASDAQ:HAS - Get Free Report) last issued its quarterly earnings data on Tuesday, July 21st. The company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.16 by $0.12. The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.07 billion. Hasbro had a return on equity of 141.11% and a net margin of 15.97%.The business's revenue for the quarter was up 16.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.30 EPS. Analysts forecast that Hasbro, Inc. will post 6.15 EPS for the current fiscal year.

Hasbro Dividend Announcement

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

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 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.

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