Mizuho Securities USA LLC Boosts Stock Holdings in Hasbro, Inc. (NASDAQ:HAS)

Mizuho Securities USA LLC raised its holdings in Hasbro, Inc. (NASDAQ:HAS) by 9,806.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,000,000 shares of the company’s stock after purchasing an additional 989,906 shares during the period. Mizuho Securities USA LLC owned about 0.72% of Hasbro worth $72,320,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its position in shares of Hasbro by 7.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,858,541 shares of the company’s stock worth $108,723,000 after purchasing an additional 135,548 shares during the period. Samlyn Capital LLC boosted its holdings in Hasbro by 87.4% in the second quarter. Samlyn Capital LLC now owns 1,833,374 shares of the company’s stock valued at $107,252,000 after purchasing an additional 855,099 shares in the last quarter. Swedbank AB purchased a new position in shares of Hasbro in the 1st quarter valued at $82,523,000. Point72 Asset Management L.P. increased its position in shares of Hasbro by 43.2% during the second quarter. Point72 Asset Management L.P. now owns 707,809 shares of the company’s stock worth $41,407,000 after purchasing an additional 213,664 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in Hasbro by 469.4% during the second quarter. AQR Capital Management LLC now owns 686,144 shares of the company’s stock worth $40,037,000 after buying an additional 565,645 shares during the period. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Hasbro Stock Down 1.3 %

HAS opened at $62.21 on Friday. Hasbro, Inc. has a fifty-two week low of $43.74 and a fifty-two week high of $73.46. The company 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 stock has a fifty day moving average of $69.01 and a 200-day moving average of $64.27. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.29 and a current ratio of 1.47.

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

Hasbro Announces Dividend

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

Analyst Upgrades and Downgrades

HAS has been the subject of a number of recent analyst reports. Jefferies Financial Group raised their price objective on shares of Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Morgan Stanley lifted their price target on Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. DA Davidson increased their target price on Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Stifel Nicolaus raised their price target on shares of Hasbro from $78.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Finally, Bank of America lifted their price objective on Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Hasbro has an average rating of “Moderate Buy” and an average price target of $80.67.

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.