Mirae Asset Global Investments Co. Ltd. Purchases 35,716 Shares of Hasbro, Inc. $HAS

Mirae Asset Global Investments Co. Ltd. acquired a new position in Hasbro, Inc. (NASDAQ:HAS) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 35,716 shares of the company’s stock, valued at approximately $3,132,000.

Other institutional investors also recently bought and sold shares of the company. Mather Group LLC. increased its position in Hasbro by 19.9% in the third quarter. Mather Group LLC. now owns 704 shares of the company’s stock worth $62,000 after buying an additional 117 shares in the last quarter. Marathon Mission Inc. grew its stake in shares of Hasbro by 1.4% during the 2nd quarter. Marathon Mission Inc. now owns 9,152 shares of the company’s stock valued at $756,000 after acquiring an additional 128 shares during the period. Tema ETFs LLC grew its stake in shares of Hasbro by 7.1% during the 2nd quarter. Tema ETFs LLC now owns 2,183 shares of the company’s stock valued at $180,000 after acquiring an additional 145 shares during the period. Empirical Finance LLC increased its holdings in Hasbro by 3.4% in the 2nd quarter. Empirical Finance LLC now owns 4,751 shares of the company’s stock worth $392,000 after acquiring an additional 155 shares in the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC increased its holdings in Hasbro by 5.3% in the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,127 shares of the company’s stock worth $258,000 after acquiring an additional 156 shares in the last quarter. 91.83% of the stock is owned by institutional investors.

Hasbro Price Performance

Shares of Hasbro stock traded down $0.63 on Friday, hitting $118.91. 1,789,416 shares of the company traded hands, compared to its average volume of 2,608,861. Hasbro, Inc. has a 52 week low of $74.78 and a 52 week high of $124.00. The business has a 50-day simple moving average of $98.78 and a 200 day simple moving average of $93.19. The company has a debt-to-equity ratio of 2.79, a quick ratio of 1.24 and a current ratio of 1.40. The stock has a market capitalization of $16.63 billion, a P/E ratio of 17.77, a price-to-earnings-growth ratio of 1.53 and a beta of 0.36.

Hasbro (NASDAQ:HAS) last posted its earnings results on Tuesday, October 20th. The company reported $2.90 earnings per share for the quarter, beating the consensus estimate of $1.86 by $1.04. The company had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Hasbro had a net margin of 18.44% and a return on equity of 140.60%. Hasbro’s quarterly revenue was up 15.0% on a year-over-year basis. During the same period last year, the company posted $1.68 earnings per share. Research analysts expect that Hasbro, Inc. will post 6.69 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 2nd. Investors of record on Wednesday, November 18th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Wednesday, November 18th. Hasbro’s payout ratio is currently 41.85%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on HAS shares. DA Davidson lowered their price target on shares of Hasbro from $100.00 to $95.00 and set a “neutral” rating on the stock in a report on Wednesday, July 22nd. Wall Street Zen upgraded shares of Hasbro from a “hold” rating to a “buy” rating in a research report on Saturday, October 31st. Citigroup lifted their target price on shares of Hasbro from $117.00 to $137.00 and gave the company a “buy” rating in a research note on Wednesday, October 21st. Weiss Ratings raised shares of Hasbro from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday. Finally, Argus increased their price target on Hasbro from $90.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $114.93.

Insider Buying and Selling

In related news, CFO Gina Goetter sold 7,262 shares of the stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $118.99, for a total transaction of $864,105.38. Following the completion of the transaction, the chief financial officer directly owned 72,577 shares of the company’s stock, valued at approximately $8,635,937.23. This represents a 9.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Holly Barbacovi sold 5,057 shares of Hasbro stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $94.20, for a total value of $476,369.40. Following the completion of the sale, the insider directly owned 37,486 shares in the company, valued at approximately $3,531,181.20. The trade was a 11.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.71% of the stock is currently owned by corporate insiders.

Hasbro Company Profile

Hasbro, Inc is a global branded entertainment company that develops and markets toys, games, entertainment experiences and consumer products. Its portfolio includes well-known brands such as Monopoly, Play-Doh, Transformers, Nerf, My Little Pony, Dungeons & Dragons and Magic: The Gathering.

The company serves consumers through a range of channels, including retail, e-commerce, digital gaming, entertainment content and licensing. Hasbro also works with third-party partners to extend its brands into film and television, apparel, publishing and other consumer products.