Mercer Global Advisors Inc. ADV Has $385,000 Holdings in Hasbro, Inc. (NASDAQ:HAS)

Mercer Global Advisors Inc. ADV grew its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 2.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,588 shares of the company’s stock after buying an additional 179 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Hasbro were worth $385,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in HAS. Capital Research Global Investors raised its stake in shares of Hasbro by 27.0% in the fourth quarter. Capital Research Global Investors now owns 15,381,255 shares of the company’s stock valued at $785,367,000 after purchasing an additional 3,273,563 shares in the last quarter. Swedbank AB acquired a new stake in shares of Hasbro during the first quarter worth about $82,523,000. SG Americas Securities LLC raised its position in shares of Hasbro by 4,052.6% during the first quarter. SG Americas Securities LLC now owns 288,399 shares of the company’s stock worth $16,300,000 after purchasing an additional 281,454 shares during the period. AMF Tjanstepension AB bought a new position in shares of Hasbro during the first quarter worth about $15,058,000. Finally, M&G Plc bought a new position in shares of Hasbro during the first quarter worth about $11,949,000. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Morgan Stanley lifted their target price on Hasbro from $78.00 to $79.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Bank of America lifted their price objective on Hasbro from $85.00 to $90.00 and gave the company a “buy” rating in a report on Monday, September 16th. DA Davidson reiterated a “neutral” rating and issued a $59.00 price target on shares of Hasbro in a research note on Friday, July 26th. Finally, Stifel Nicolaus upped their price target on Hasbro from $76.00 to $78.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $70.55.

Hasbro Trading Up 0.2 %

Shares of HAS stock opened at $72.10 on Monday. The business’s fifty day moving average is $66.63 and its 200 day moving average is $61.40. Hasbro, Inc. has a 52-week low of $42.66 and a 52-week high of $72.79. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.27 and a current ratio of 1.46. The company has a market capitalization of $10.04 billion, a PE ratio of -7.11, a price-to-earnings-growth ratio of 0.53 and a beta of 0.61.

Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Thursday, July 25th. The company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.44. Hasbro had a positive return on equity of 38.83% and a negative net margin of 22.78%. The business had revenue of $995.30 million for the quarter, compared to the consensus estimate of $941.38 million. During the same quarter last year, the business posted $0.49 earnings per share. The company’s revenue for the quarter was down 17.7% on a year-over-year basis. On average, equities research analysts anticipate that Hasbro, Inc. will post 3.93 EPS for the current fiscal year.

Hasbro Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.88%. Hasbro’s dividend payout ratio (DPR) is currently -27.61%.

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.