35,716 Shares in Hasbro, Inc. $HAS Acquired by Mirae Asset Global Investments Co. Ltd.

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

Several other hedge funds and other institutional investors also recently bought and sold shares of HAS. Mather Group LLC. boosted its stake in shares of Hasbro by 19.9% during the 3rd quarter. Mather Group LLC. now owns 704 shares of the company’s stock worth $62,000 after purchasing an additional 117 shares during the period. Marathon Mission Inc. boosted its stake in shares of Hasbro by 1.4% during the second quarter. Marathon Mission Inc. now owns 9,152 shares of the company’s stock valued at $756,000 after purchasing an additional 128 shares during the period. Tema ETFs LLC grew its holdings in shares of Hasbro by 7.1% in the second quarter. Tema ETFs LLC now owns 2,183 shares of the company’s stock worth $180,000 after purchasing an additional 145 shares during the last quarter. Empirical Finance LLC increased its stake 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 buying an additional 155 shares during the period. Finally, Pinnacle Wealth Management Advisory Group LLC lifted its holdings in Hasbro by 5.3% during the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,127 shares of the company’s stock valued at $258,000 after buying an additional 156 shares in the last quarter. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Insider Activity at Hasbro

In other news, CFO Gina M. Goetter sold 7,262 shares of Hasbro stock in a transaction that occurred on Monday, November 2nd. The shares were 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 $8,635,937.23. The trade was a 9.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Holly Barbacovi sold 5,057 shares of the business’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $94.20, for a total transaction of $476,369.40. Following the completion of the transaction, the insider owned 37,486 shares of the company’s stock, valued at approximately $3,531,181.20. This represents a 11.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.71% of the company’s stock.

Hasbro Stock Performance

Shares of NASDAQ HAS traded down $0.63 during mid-day trading on Friday, hitting $118.91. The stock had a trading volume of 1,789,416 shares, compared to its average volume of 2,608,861. The company has a debt-to-equity ratio of 2.79, a quick ratio of 1.24 and a current ratio of 1.40. Hasbro, Inc. has a twelve month low of $74.78 and a twelve month high of $124.00. The firm has a market cap of $16.63 billion, a PE ratio of 17.77, a PEG ratio of 1.53 and a beta of 0.36. The company has a 50 day moving average of $98.78 and a two-hundred day moving average of $93.19.

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

Hasbro Announces Dividend

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

Wall Street Analysts Forecast Growth

HAS has been the topic of a number of research reports. Wells Fargo & Company raised their target price on shares of Hasbro from $90.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 21st. Weiss Ratings raised shares of Hasbro from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday. Argus lifted their price objective on shares of Hasbro from $90.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. UBS Group lifted their price objective on shares of Hasbro from $120.00 to $137.00 and gave the company a “buy” rating in a report on Wednesday, October 28th. Finally, Roth Capital reissued a “buy” rating on shares of Hasbro in a research note on Wednesday, October 21st. One 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’s stock. Based on data from MarketBeat, Hasbro presently has an average rating of “Moderate Buy” and an average target price of $114.93.

About Hasbro

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.