Nomura Asset Management Co. Ltd. Increases Stock Holdings in Hasbro, Inc. (NASDAQ:HAS)

Nomura Asset Management Co. Ltd. boosted its stake in Hasbro, Inc. (NASDAQ:HAS) by 12.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,367 shares of the company’s stock after acquiring an additional 379 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Hasbro were worth $244,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Huntington National Bank boosted its stake in shares of 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 period. Glenmede Trust Co. NA boosted its position in Hasbro by 2.2% in the 3rd quarter. Glenmede Trust Co. NA now owns 7,657 shares of the company’s stock valued at $554,000 after buying an additional 166 shares during the last quarter. Axiom Advisory LLC grew its stake in shares of Hasbro by 1.6% during the third quarter. Axiom Advisory LLC now owns 10,880 shares of the company’s stock valued at $787,000 after acquiring an additional 170 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its position in shares of Hasbro by 2.8% during the second quarter. Mercer Global Advisors Inc. ADV now owns 6,588 shares of the company’s stock worth $385,000 after acquiring an additional 179 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Hasbro by 18.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,256 shares of the company’s stock worth $81,000 after acquiring an additional 196 shares in the last quarter. Institutional investors and hedge funds own 91.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on HAS shares. Bank of America raised their price objective on Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Morgan Stanley lifted their price target 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. Stifel Nicolaus upped their price target on shares of Hasbro from $78.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. DA Davidson raised their price objective on shares of Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. upped their target price on shares of Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.67.

Hasbro Trading Down 3.6 %

Hasbro stock opened at $61.76 on Monday. Hasbro, Inc. has a 1 year low of $46.09 and a 1 year high of $73.46. The firm’s 50-day moving average is $66.38 and its 200-day moving average is $64.76. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.29 and a current ratio of 1.47. The company has a market cap of $8.62 billion, a P/E ratio of -13.31, a PEG ratio of 0.60 and a beta of 0.62.

Hasbro (NASDAQ:HAS) last issued its earnings results on Thursday, October 24th. The company reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $1.30 billion. Hasbro’s revenue was down 14.8% on a year-over-year basis. During the same quarter last year, the company posted $1.64 earnings per share. On average, equities analysts expect that Hasbro, Inc. will post 3.93 earnings per share for the current year.

Hasbro Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th were given a dividend of $0.70 per share. The ex-dividend date was Wednesday, November 20th. This represents a $2.80 dividend on an annualized basis and a yield of 4.53%. Hasbro’s dividend payout ratio is currently -60.34%.

Insider Buying and Selling

In related news, EVP Matthew Edward Austin sold 1,718 shares of Hasbro stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $65.06, for a total value of $111,773.08. Following the sale, the executive vice president now directly owns 36,828 shares in the company, valued at $2,396,029.68. This trade represents a 4.46 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.82% of the stock is owned by company insiders.

Hasbro Profile

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.