Mizuho Securities USA LLC Purchases 989,906 Shares of Hasbro, Inc. (NASDAQ:HAS)

Mizuho Securities USA LLC increased its position in Hasbro, Inc. (NASDAQ:HAS) by 9,806.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,000,000 shares of the company’s stock after acquiring an additional 989,906 shares during the quarter. Mizuho Securities USA LLC’s holdings in Hasbro were worth $72,320,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Russell Investments Group Ltd. increased its stake in Hasbro by 43.0% in the 1st quarter. Russell Investments Group Ltd. now owns 27,546 shares of the company’s stock worth $1,557,000 after acquiring an additional 8,280 shares during the last quarter. State Board of Administration of Florida Retirement System increased its holdings in shares of Hasbro by 7.8% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 151,770 shares of the company’s stock worth $8,149,000 after buying an additional 10,961 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Hasbro by 6.4% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 142,476 shares of the company’s stock valued at $8,053,000 after buying an additional 8,566 shares in the last quarter. SageView Advisory Group LLC bought a new stake in shares of Hasbro during the 1st quarter worth $301,000. Finally, Orion Portfolio Solutions LLC grew its position in Hasbro by 2.7% in the first quarter. Orion Portfolio Solutions LLC now owns 66,903 shares of the company’s stock worth $3,781,000 after acquiring an additional 1,749 shares in the last quarter. 91.83% of the stock is currently owned by institutional investors.

Hasbro Stock Performance

Shares of Hasbro stock opened at $62.21 on Friday. The business has a fifty day simple moving average of $69.01 and a two-hundred day simple moving average of $64.27. The firm has a market capitalization of $8.68 billion, a P/E ratio of -13.41, a P/E/G ratio of 0.58 and a beta of 0.63. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 2.64. Hasbro, Inc. has a 12 month low of $43.74 and a 12 month high of $73.46.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Thursday, October 24th. The company reported $1.73 EPS for the quarter, topping the consensus estimate of $1.28 by $0.45. Hasbro had a negative net margin of 14.83% and a positive return on equity of 47.91%. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the previous year, the firm posted $1.64 earnings per share. Hasbro’s quarterly revenue was down 14.8% on a year-over-year basis. On average, equities analysts forecast that Hasbro, Inc. will post 3.93 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.50%. The ex-dividend date of this dividend is Wednesday, November 20th. Hasbro’s dividend payout ratio (DPR) is presently -60.34%.

Analysts Set New Price Targets

A number of research firms have weighed in on HAS. Bank of America raised their price target on Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. DA Davidson raised their price objective on Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Morgan Stanley upped their target price on Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Jefferies Financial Group lifted their price target on shares of Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Hasbro from $76.00 to $82.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $80.67.

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.