MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $828,000 Position in Hasbro, Inc. (NASDAQ:HAS)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 3.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,810 shares of the company’s stock after acquiring an additional 522 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Hasbro were worth $828,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Parvin Asset Management LLC acquired a new stake in Hasbro in the 4th quarter worth approximately $25,000. Allworth Financial LP raised its position in shares of Hasbro by 120.1% in the fourth quarter. Allworth Financial LP now owns 482 shares of the company’s stock valued at $28,000 after purchasing an additional 263 shares during the period. Itau Unibanco Holding S.A. lifted its stake in shares of Hasbro by 32.1% in the fourth quarter. Itau Unibanco Holding S.A. now owns 733 shares of the company’s stock worth $41,000 after buying an additional 178 shares during the last quarter. Canada Post Corp Registered Pension Plan bought a new stake in shares of Hasbro during the 4th quarter worth $43,000. Finally, Resona Asset Management Co. Ltd. acquired a new position in Hasbro in the 4th quarter valued at $44,000. 91.83% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Roth Mkm increased their price objective on Hasbro from $68.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Monness Crespi & Hardt raised shares of Hasbro to a “strong-buy” rating in a report on Tuesday, April 22nd. Morgan Stanley restated an “overweight” rating and set a $84.00 price objective (down previously from $88.00) on shares of Hasbro in a report on Friday, February 21st. Wall Street Zen raised shares of Hasbro from a “hold” rating to a “buy” rating in a research report on Thursday, May 22nd. Finally, Citigroup raised Hasbro from a “neutral” rating to a “buy” rating and set a $72.00 target price on the stock in a research report on Friday, April 25th. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $81.25.

Hasbro Stock Down 0.9%

Shares of HAS opened at $65.83 on Tuesday. 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 company has a 50-day moving average price of $59.52 and a two-hundred day moving average price of $60.38. The stock has a market cap of $9.22 billion, a price-to-earnings ratio of 23.94, a P/E/G ratio of 0.60 and a beta of 0.54. Hasbro, Inc. has a 12 month low of $49.00 and a 12 month high of $73.46.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Thursday, April 24th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.67 by $0.37. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. The business had revenue of $887.10 million for the quarter, compared to analyst estimates of $770.60 million. During the same quarter in the previous year, the firm earned $0.61 EPS. Hasbro’s quarterly revenue was up 17.1% on a year-over-year basis. Equities analysts predict that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 21st will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date is Wednesday, May 21st. Hasbro’s dividend payout ratio (DPR) is currently 92.41%.

Hasbro 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.