Hasbro, Inc. $HAS Shares Bought by Dorsey Wright & Associates

Dorsey Wright & Associates increased its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 276.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,827 shares of the company’s stock after purchasing an additional 11,621 shares during the period. Dorsey Wright & Associates’ holdings in Hasbro were worth $1,481,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HAS. Norges Bank acquired a new stake in shares of Hasbro in the fourth quarter valued at about $147,748,000. Bank of America Corp DE boosted its position in Hasbro by 128.7% during the second quarter. Bank of America Corp DE now owns 2,981,423 shares of the company’s stock worth $220,089,000 after acquiring an additional 1,677,962 shares during the last quarter. AQR Capital Management LLC grew its stake in Hasbro by 47.3% during the 4th quarter. AQR Capital Management LLC now owns 4,357,147 shares of the company’s stock valued at $357,286,000 after acquiring an additional 1,399,499 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Hasbro by 454.3% during the 1st quarter. Assenagon Asset Management S.A. now owns 727,407 shares of the company’s stock valued at $68,085,000 after acquiring an additional 596,167 shares in the last quarter. Finally, Amundi grew its stake in Hasbro by 55.5% during the 4th quarter. Amundi now owns 1,403,288 shares of the company’s stock valued at $115,070,000 after acquiring an additional 501,117 shares in the last quarter. 91.83% of the stock is owned by hedge funds and other institutional investors.

Hasbro Trading Down 0.7%

HAS opened at $81.55 on Friday. Hasbro, Inc. has a 52 week low of $69.50 and a 52 week high of $106.98. The business has a fifty day simple moving average of $85.00 and a 200-day simple moving average of $90.20. The firm has a market cap of $11.54 billion, a P/E ratio of -49.13, a P/E/G ratio of 2.00 and a beta of 0.49. The company has a quick ratio of 1.49, a current ratio of 1.65 and a debt-to-equity ratio of 4.59.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Wednesday, May 13th. The company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.20 by $0.27. Hasbro had a negative net margin of 4.62% and a positive return on equity of 174.64%. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $969.20 million. During the same quarter in the previous year, the firm posted $1.04 earnings per share. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. On average, equities analysts expect that Hasbro, Inc. will post 6.04 earnings per share for the current year.

Hasbro Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Monday, June 1st were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Monday, June 1st. Hasbro’s payout ratio is -168.67%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on HAS. UBS Group reiterated a “buy” rating and set a $110.00 price objective on shares of Hasbro in a research report on Thursday, June 18th. Citigroup cut their target price on Hasbro from $114.00 to $101.00 and set a “buy” rating for the company in a research note on Friday, July 10th. Jefferies Financial Group reduced their price target on Hasbro from $120.00 to $110.00 and set a “buy” rating on the stock in a report on Thursday. JPMorgan Chase & Co. boosted their price target on shares of Hasbro from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. Finally, Morgan Stanley boosted their price target on shares of Hasbro from $122.00 to $123.00 and gave the company an “overweight” rating in a research report on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $109.71.

Key Stories Impacting Hasbro

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: Hasbro announced a licensing partnership with Nintendo to produce The Legend of Zelda toys and related products, with the first reveal coming soon and products expected to roll out starting in 2027. The deal could strengthen Hasbro’s collectibles and action-figure business by tying it to one of gaming’s most valuable franchises. Article Title
• Positive Sentiment: Hasbro also unveiled new KPop Demon Hunters role-playing toys, signaling continued momentum in licensing-driven product launches that can help refresh the company’s toy lineup and broaden its appeal. Article Title
• Positive Sentiment: Hasbro’s partnership with Get After It Media on a new streaming channel suggests the company is expanding beyond toys into media and digital content, which could create additional brand exposure and monetization opportunities. Article Title
• Neutral Sentiment: Investors are also watching Hasbro ahead of its second-quarter earnings report on July 21, after the company beat expectations in the prior quarter. The upcoming results should be a key catalyst for the stock. Article Title
• Negative Sentiment: On the cautious side, Zacks Research trimmed several long-term earnings estimates for Hasbro and kept a Hold rating, which may temper enthusiasm even though the changes were small. Article Title

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.