Mirae Asset Global Investments Co. Ltd. Has $1.02 Million Stock Position in Hasbro, Inc. (NASDAQ:HAS)

Mirae Asset Global Investments Co. Ltd. lowered its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 6.1% during the fourth quarter, Holdings Channel reports. The firm owned 19,987 shares of the company’s stock after selling 1,304 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Hasbro were worth $1,021,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of HAS. Bank of New York Mellon Corp boosted its position in Hasbro by 76.6% during the third quarter. Bank of New York Mellon Corp now owns 3,281,877 shares of the company’s stock worth $217,063,000 after purchasing an additional 1,423,517 shares during the period. Ameriprise Financial Inc. grew its stake in Hasbro by 176.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,311,754 shares of the company’s stock valued at $86,763,000 after buying an additional 836,474 shares during the last quarter. Deutsche Bank AG grew its stake in Hasbro by 39.7% in the 3rd quarter. Deutsche Bank AG now owns 1,255,702 shares of the company’s stock valued at $83,052,000 after buying an additional 356,718 shares during the last quarter. Adage Capital Partners GP L.L.C. raised its holdings in Hasbro by 154.0% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 329,672 shares of the company’s stock worth $21,805,000 after acquiring an additional 199,900 shares during the period. Finally, Creative Planning lifted its position in Hasbro by 146.2% during the 3rd quarter. Creative Planning now owns 336,454 shares of the company’s stock worth $22,253,000 after acquiring an additional 199,791 shares during the last quarter. Institutional investors and hedge funds own 91.83% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on HAS. Bank of America raised their price target on Hasbro from $51.00 to $60.00 and gave the company a “neutral” rating in a research report on Thursday, April 18th. Jefferies Financial Group raised their target price on Hasbro from $61.00 to $63.00 and gave the company a “buy” rating in a report on Friday, April 19th. Roth Mkm lifted their price target on Hasbro from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Stifel Nicolaus increased their price objective on Hasbro from $64.00 to $67.00 and gave the company a “buy” rating in a research report on Monday, April 15th. Finally, TheStreet downgraded shares of Hasbro from a “c-” rating to a “d+” rating in a research note on Tuesday, February 13th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $62.80.

Hasbro Price Performance

Shares of NASDAQ:HAS opened at $58.14 on Wednesday. The firm has a market capitalization of $8.07 billion, a PE ratio of -5.42, a PEG ratio of 0.96 and a beta of 0.74. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 2.73. Hasbro, Inc. has a 1-year low of $42.66 and a 1-year high of $73.57. The business’s 50 day moving average is $53.64 and its 200-day moving average is $50.95.

Hasbro (NASDAQ:HAS) last issued its earnings results on Tuesday, February 13th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.26). The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.33 billion. Hasbro had a positive return on equity of 16.34% and a negative net margin of 29.77%. The firm’s revenue for the quarter was down 23.2% compared to the same quarter last year. During the same period last year, the business earned $1.31 earnings per share. Sell-side analysts predict that Hasbro, Inc. will post 3.27 earnings per share for the current year.

Hasbro Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be paid a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $2.80 dividend on an annualized basis and a yield of 4.82%. Hasbro’s payout ratio is currently -26.12%.

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.