ING Groep NV Has $8.45 Million Position in Hasbro, Inc. $HAS

ING Groep NV lowered its stake in Hasbro, Inc. (NASDAQ:HAS) by 7.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 103,074 shares of the company’s stock after selling 8,192 shares during the quarter. ING Groep NV’s holdings in Hasbro were worth $8,452,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. CYBER HORNET ETFs LLC acquired a new stake in shares of Hasbro in the second quarter valued at approximately $25,000. MUFG Securities EMEA plc acquired a new stake in shares of Hasbro in the second quarter valued at approximately $28,000. Foster Dykema Cabot & Partners LLC acquired a new stake in shares of Hasbro in the third quarter valued at approximately $34,000. Wexford Capital LP acquired a new stake in shares of Hasbro in the third quarter valued at approximately $37,000. Finally, Leonteq Securities AG acquired a new stake in shares of Hasbro in the fourth quarter valued at approximately $49,000. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro Stock Performance

Shares of Hasbro stock opened at $84.18 on Monday. The firm has a fifty day moving average of $91.75 and a two-hundred day moving average of $90.08. The stock has a market capitalization of $11.91 billion, a price-to-earnings ratio of -50.71, a PEG ratio of 2.08 and a beta of 0.48. Hasbro, Inc. has a 52 week low of $65.43 and a 52 week high of $106.98. The company has a debt-to-equity ratio of 4.59, a quick ratio of 1.49 and a current ratio of 1.65.

Hasbro (NASDAQ:HAS) last issued its earnings results on Wednesday, May 20th. The company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.20 by $0.27. The company had revenue of $1 billion during the quarter, compared to analysts’ expectations of $969.20 million. Hasbro had a negative net margin of 4.62% and a positive return on equity of 174.64%. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.04 EPS. As a group, equities research analysts predict that Hasbro, Inc. will post 5.96 EPS for the current year.

Hasbro Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Monday, June 1st will be given a $0.70 dividend. The ex-dividend date is Monday, June 1st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.3%. Hasbro’s dividend payout ratio is currently -168.67%.

Analyst Upgrades and Downgrades

HAS has been the subject of a number of research reports. Wolfe Research raised their price target on shares of Hasbro from $90.00 to $124.00 and gave the company an “outperform” rating in a report on Friday, February 13th. Morgan Stanley lifted their target price on shares of Hasbro from $122.00 to $123.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. Wells Fargo & Company dropped their target price on shares of Hasbro from $98.00 to $92.00 and set an “equal weight” rating for the company in a research report on Thursday, May 21st. Citigroup dropped their target price on shares of Hasbro from $118.00 to $114.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Finally, Monness Crespi & Hardt upped their target price on shares of Hasbro from $90.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $113.64.

Hasbro News Summary

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: Hasbro launched Sixth Wall, a new AI studio focused on creating next-generation character experiences and licensing its iconic IP to partners, potentially expanding monetization of its brand portfolio. Hasbro Launching an AI Studio That Will Let Companies License Its Stable of Characters
• Positive Sentiment: Hasbro also announced a program to license its characters to AI experiences, with reports that ElevenLabs is partnering with the company, reinforcing the idea that Hasbro can turn its IP into recurring digital licensing revenue. ElevenLabs Partners with Hasbro’s AI Studios to License Characters
• Positive Sentiment: Separately, Zacks highlighted HAS as one of the best consumer dividend stocks to buy, pointing to its strong-buy ranking and dividend appeal, which may help support investor confidence. Best Consumer Dividend Stocks to Buy Now: HAS, KVUE, MOV
• Neutral Sentiment: Additional coverage focused on Hasbro’s latest toy releases featuring Transformers, X-Men, and Star Wars, underscoring continued strength in its core franchise business but without a major new financial catalyst. Hasbro’s Latest Toy Drop Is Packed With Transformers, X-Men, And Star Wars Nostalgia
• Neutral Sentiment: Several other reports repeated the same AI-studio announcement, amplifying the story but not adding materially new information. Hasbro Launches AI-Powered Versions of Its Iconic Characters: Which Ones Are Included?

Hasbro Company Profile

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.