Mutual of America Capital Management LLC Has $1.17 Million Holdings in Hasbro, Inc. (NASDAQ:HAS)

Mutual of America Capital Management LLC decreased its stake in Hasbro, Inc. (NASDAQ:HAS) by 2.2% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 16,147 shares of the company’s stock after selling 366 shares during the period. Mutual of America Capital Management LLC’s holdings in Hasbro were worth $1,168,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Huntington National Bank lifted its holdings in shares of Hasbro by 27.3% during the third quarter. Huntington National Bank now owns 759 shares of the company’s stock valued at $55,000 after acquiring an additional 163 shares during the period. Axiom Advisory LLC lifted its holdings in Hasbro by 1.6% during the 3rd quarter. Axiom Advisory LLC now owns 10,880 shares of the company’s stock valued at $787,000 after purchasing an additional 170 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its position in Hasbro by 2.8% in the second quarter. Mercer Global Advisors Inc. ADV now owns 6,588 shares of the company’s stock valued at $385,000 after buying an additional 179 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Hasbro by 18.5% in the 2nd 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. Finally, Stratos Wealth Advisors LLC grew its holdings in shares of Hasbro by 4.6% during the third quarter. Stratos Wealth Advisors LLC now owns 4,924 shares of the company’s stock worth $356,000 after purchasing an additional 217 shares during the last quarter. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro Price Performance

Hasbro stock opened at $64.35 on Tuesday. The firm has a market capitalization of $8.98 billion, a P/E ratio of -13.87, a PEG ratio of 0.58 and a beta of 0.63. The business has a 50-day moving average of $68.32 and a 200-day moving average of $64.37. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 2.64. Hasbro, Inc. has a 1 year low of $44.85 and a 1 year high of $73.46.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Thursday, October 24th. The company reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.45. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.30 billion. Hasbro had a negative net margin of 14.83% and a positive return on equity of 47.91%. The firm’s revenue was down 14.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.64 EPS. On average, equities analysts anticipate that Hasbro, Inc. will post 3.93 EPS for the current year.

Hasbro Dividend Announcement

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 paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $2.80 dividend on an annualized basis and a yield of 4.35%. Hasbro’s payout ratio is -60.34%.

Wall Street Analyst Weigh In

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

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.