Mizuho Markets Americas LLC Sells 46,881 Shares of Hasbro, Inc. (NASDAQ:HAS)

by · The Cerbat Gem

Mizuho Markets Americas LLC lowered its stake in shares of Hasbro, Inc. (NASDAQ:HAS – Free Report) by 91.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 4,369 shares of the company’s stock after selling 46,881 shares during the quarter. Mizuho Markets Americas LLC’s holdings in Hasbro were worth $316,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Plato Investment Management Ltd purchased a new stake in shares of Hasbro in the second quarter valued at $27,000. Asset Dedication LLC lifted its stake in Hasbro by 290.1% in the second quarter. Asset Dedication LLC now owns 472 shares of the company’s stock worth $28,000 after purchasing an additional 351 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Hasbro by 224.8% during the third quarter. Blue Trust Inc. now owns 432 shares of the company’s stock valued at $31,000 after buying an additional 299 shares during the period. International Assets Investment Management LLC bought a new position in shares of Hasbro during the second quarter valued at approximately $46,000. Finally, Summit Securities Group LLC purchased a new stake in shares of Hasbro in the second quarter worth approximately $47,000. 91.83% of the stock is currently owned by institutional investors.

Hasbro Trading Down 1.3 %

Hasbro stock opened at $62.21 on Friday. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.29 and a current ratio of 1.47. The stock has a market cap of $8.68 billion, a PE ratio of -13.41, a price-to-earnings-growth ratio of 0.58 and a beta of 0.63. The stock has a 50-day moving average of $69.01 and a two-hundred day moving average of $64.27. Hasbro, Inc. has a one year low of $43.74 and a one year high of $73.46.

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

Hasbro Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend 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%.

Wall Street Analyst Weigh In

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

View Our Latest Research Report on Hasbro

About Hasbro

(Free Report)

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.

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