Mirae Asset Global Investments Co. Ltd. grew its position in Hasbro, Inc. (NASDAQ:HAS – Get Rating) by 29.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,474 shares of the company’s stock after acquiring an additional 8,262 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Hasbro were worth $2,225,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of HAS. Russell Investments Group Ltd. grew its stake in shares of Hasbro by 383.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 129,908 shares of the company’s stock valued at $8,757,000 after purchasing an additional 103,042 shares during the last quarter. Brighton Jones LLC acquired a new stake in shares of Hasbro during the third quarter worth $205,000. Toronto Dominion Bank grew its position in Hasbro by 5.3% in the 4th quarter. Toronto Dominion Bank now owns 62,220 shares of the company’s stock valued at $3,794,000 after buying an additional 3,123 shares during the last quarter. Clarius Group LLC grew its position in Hasbro by 2.0% in the 4th quarter. Clarius Group LLC now owns 14,443 shares of the company’s stock valued at $881,000 after buying an additional 289 shares during the last quarter. Finally, BDO Wealth Advisors LLC increased its stake in Hasbro by 4.5% in the 4th quarter. BDO Wealth Advisors LLC now owns 5,878 shares of the company’s stock valued at $359,000 after buying an additional 254 shares during the period. 80.87% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on the stock. UBS Group cut their price target on shares of Hasbro from $110.00 to $90.00 and set a “buy” rating for the company in a report on Friday, January 27th. Bank of America raised their price target on Hasbro from $63.00 to $68.00 in a report on Wednesday, May 17th. 1-800-FLOWERS.COM reaffirmed a “maintains” rating on shares of Hasbro in a report on Friday, April 28th. Stifel Nicolaus raised their target price on Hasbro from $68.00 to $70.00 and gave the company a “buy” rating in a report on Friday, April 28th. Finally, DA Davidson reaffirmed a “buy” rating and set a $80.00 price target on shares of Hasbro in a research note on Monday, April 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Hasbro currently has a consensus rating of “Hold” and a consensus target price of $75.50.
Hasbro Price Performance
Hasbro (NASDAQ:HAS – Get Rating) last issued its quarterly earnings results on Thursday, April 27th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The business had revenue of $1,000.00 million for the quarter, compared to analyst estimates of $883.06 million. Hasbro had a net margin of 2.11% and a return on equity of 18.56%. Hasbro’s revenue for the quarter was down 14.0% on a year-over-year basis. During the same period last year, the business posted $0.57 earnings per share. Analysts forecast that Hasbro, Inc. will post 4.46 EPS for the current year.
Hasbro Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.66%. The ex-dividend date is Monday, July 31st. Hasbro’s dividend payout ratio (DPR) is presently 325.59%.
Hasbro Company Profile
Hasbro, Inc engages in the provision of children and family leisure time products and services with a portfolio of brands and entertainment properties. The firm’s brands of toys include Power Rangers, Magic: The Gathering, Monopoly, My Little Pony, Nerf, Play-Doh and Transformers. It operates through the following segments: Consumer Products, Wizards of the Coast and Digital Gaming, Entertainment, and Corporate and Other.
Recommended Stories
- Get a free copy of the StockNews.com research report on Hasbro (HAS)
- Big Lots Becomes A Stomach Churning Value Play
- The Melt-Up In Marvell Is On; But Don’t Chase It Higher
- Is Apple a Growth Stock or a Value Stock?
- Costco’s Earnings Call Reassure Economists, Recession Cancelled
- Hot Inflation, What It Means For The Summer Rally
Want to see what other hedge funds are holding HAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hasbro, Inc. (NASDAQ:HAS – Get Rating).
Receive News & Ratings for Hasbro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hasbro and related companies with MarketBeat.com's FREE daily email newsletter.
