Hasbro, Inc. (NASDAQ:HAS) Shares Acquired by Mizuho Securities USA LLC

Mizuho Securities USA LLC increased its holdings in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 9,806.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,000,000 shares of the company's stock after acquiring an additional 989,906 shares during the quarter. Mizuho Securities USA LLC owned approximately 0.72% of Hasbro worth $72,320,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HAS. Huntington National Bank grew its stake in Hasbro by 27.3% in the third quarter. Huntington National Bank now owns 759 shares of the company's stock valued at $55,000 after purchasing an additional 163 shares during the last quarter. Axiom Advisory LLC increased its position in shares of Hasbro by 1.6% during the third quarter. Axiom Advisory LLC now owns 10,880 shares of the company's stock worth $787,000 after purchasing an additional 170 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its position in shares of Hasbro by 2.8% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 6,588 shares of the company's stock worth $385,000 after purchasing an additional 179 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Hasbro by 18.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,256 shares of the company's stock worth $81,000 after buying an additional 196 shares during the last quarter. Finally, Stratos Wealth Advisors LLC increased its position in Hasbro by 4.6% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 4,924 shares of the company's stock valued at $356,000 after buying an additional 217 shares in the last quarter. 91.83% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on HAS. Morgan Stanley boosted 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. JPMorgan Chase & Co. lifted their price target on Hasbro from $76.00 to $82.00 and gave the stock an "overweight" rating in a research report on Monday, October 21st. Stifel Nicolaus boosted their price target on Hasbro from $78.00 to $82.00 and gave the company a "buy" rating in a research note on Tuesday, October 8th. Jefferies Financial Group lifted 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. Finally, DA Davidson increased their price target on shares of Hasbro from $59.00 to $73.00 and gave the stock a "neutral" rating in a report on Friday, October 25th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $80.67.

Hasbro Price Performance

Shares of HAS traded down $0.85 during mid-day trading on Friday, hitting $62.21. 1,168,618 shares of the company were exchanged, compared to its average volume of 1,624,571. The stock has a market cap 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, Inc. has a 1-year low of $43.74 and a 1-year high of $73.46. The company has a 50 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 - Get Free Report) last announced its earnings results on Thursday, October 24th. The company reported $1.73 EPS for the quarter, beating analysts' consensus estimates of $1.28 by $0.45. Hasbro had a positive return on equity of 47.91% and a negative net margin of 14.83%. The business had revenue of $1.28 billion during the quarter, compared to analysts' expectations of $1.30 billion. During the same quarter in the prior year, the firm earned $1.64 earnings per share. The business's revenue was down 14.8% compared to the same quarter last year. Analysts expect that Hasbro, Inc. will post 3.93 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. Stockholders of record on Wednesday, November 20th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.50%. The ex-dividend date is Wednesday, November 20th. Hasbro's dividend payout ratio (DPR) is -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.