Mirae Asset Global Investments Co. Ltd. Increases Holdings in Hasbro, Inc. (NASDAQ:HAS)

Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 20.1% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 17,094 shares of the company’s stock after purchasing an additional 2,866 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Hasbro were worth $1,036,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Hasbro by 60.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 16,597 shares of the company’s stock valued at $1,021,000 after buying an additional 6,225 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Hasbro in the 4th quarter worth approximately $540,000. Polymer Capital Management US LLC purchased a new position in Hasbro in the 4th quarter worth approximately $502,000. Jones Financial Companies Lllp increased its stake in Hasbro by 32.4% in the 4th quarter. Jones Financial Companies Lllp now owns 9,911 shares of the company’s stock worth $554,000 after purchasing an additional 2,426 shares during the period. Finally, Merit Financial Group LLC purchased a new position in Hasbro in the 1st quarter worth approximately $306,000. 91.83% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HAS has been the topic of a number of analyst reports. Monness Crespi & Hardt raised Hasbro to a “strong-buy” rating in a research note on Tuesday, April 22nd. DA Davidson reaffirmed a “neutral” rating and issued a $75.00 price target on shares of Hasbro in a research note on Thursday, May 15th. Morgan Stanley lifted their price target on Hasbro from $71.00 to $77.00 and gave the stock an “overweight” rating in a research note on Thursday, May 29th. The Goldman Sachs Group raised Hasbro from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $66.00 to $85.00 in a research note on Monday. Finally, Citigroup reaffirmed a “buy” rating and issued a $79.00 price target (up from $72.00) on shares of Hasbro in a research note on Monday, June 16th. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $81.67.

Hasbro Stock Down 0.9%

Shares of Hasbro stock opened at $77.55 on Friday. The company has a current ratio of 1.65, a quick ratio of 1.40 and a debt-to-equity ratio of 2.78. The company’s fifty day simple moving average is $67.39 and its two-hundred day simple moving average is $61.66. The company has a market cap of $10.87 billion, a P/E ratio of 25.59, a PEG ratio of 2.14 and a beta of 0.59. Hasbro, Inc. has a 12-month low of $49.00 and a 12-month high of $78.83.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.37. The business had revenue of $887.10 million for the quarter, compared to the consensus estimate of $770.60 million. Hasbro had a net margin of 9.99% and a return on equity of 51.39%. The company’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.61 EPS. Research analysts anticipate that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 21st were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date of this dividend was Wednesday, May 21st. Hasbro’s payout ratio 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.