Hasbro, Inc. (NASDAQ:HAS) Shares Sold by Mizuho Markets Americas LLC

Mizuho Markets Americas LLC lessened its holdings in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 91.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HAS. Russell Investments Group Ltd. grew its holdings in Hasbro by 43.0% during the 1st quarter. Russell Investments Group Ltd. now owns 27,546 shares of the company's stock valued at $1,557,000 after buying an additional 8,280 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its position in Hasbro by 7.8% during the first quarter. State Board of Administration of Florida Retirement System now owns 151,770 shares of the company's stock worth $8,149,000 after acquiring an additional 10,961 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Hasbro by 6.4% in 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 acquiring an additional 8,566 shares during the last quarter. Intech Investment Management LLC lifted its stake in shares of Hasbro by 351.7% during the 1st quarter. Intech Investment Management LLC now owns 24,411 shares of the company's stock worth $1,380,000 after purchasing an additional 19,007 shares during the period. Finally, Edgestream Partners L.P. purchased a new stake in shares of Hasbro in the first quarter valued at $1,064,000. Institutional investors and hedge funds own 91.83% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on HAS shares. Stifel Nicolaus upped their price target on shares of Hasbro from $78.00 to $82.00 and gave the stock a "buy" rating in a research report on Tuesday, October 8th. Morgan Stanley boosted their price objective on shares of Hasbro from $80.00 to $92.00 and gave the stock an "overweight" rating in a research note on Friday, October 25th. JPMorgan Chase & Co. upped their price target on shares of Hasbro from $76.00 to $82.00 and gave the stock an "overweight" rating in a research report on Monday, October 21st. Jefferies Financial Group increased their target price on Hasbro from $75.00 to $83.00 and gave the company a "buy" rating in a research note on Tuesday, October 1st. Finally, Bank of America lifted their price objective on shares of Hasbro from $90.00 to $95.00 and gave the company a "buy" rating in a research note on Tuesday, October 15th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $80.67.

Hasbro Stock Performance

NASDAQ:HAS traded down $0.85 during midday trading on Friday, reaching $62.21. 1,168,618 shares of the company traded hands, compared to its average volume of 1,617,096. Hasbro, Inc. has a twelve month low of $43.74 and a twelve month high of $73.46. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.47 and a quick ratio of 1.29. The company has a fifty day moving average price of $69.01 and a 200 day moving average price of $64.29. The firm has a market capitalization of $8.68 billion, a price-to-earnings ratio of -13.41, a price-to-earnings-growth ratio of 0.58 and a beta of 0.63.

Hasbro (NASDAQ:HAS - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The company reported $1.73 earnings per share for the quarter, beating 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 firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same period last year, the firm posted $1.64 EPS. Hasbro's quarterly revenue was down 14.8% compared to the same quarter last year. On average, analysts expect that Hasbro, Inc. will post 3.94 EPS for the current fiscal year.

Hasbro Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.50%. The ex-dividend date of this dividend is Wednesday, November 20th. Hasbro's dividend payout ratio is currently -60.34%.

About Hasbro

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.