Hasbro, Inc. $HAS Shares Purchased by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 55.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 109,807 shares of the company’s stock after buying an additional 39,251 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Hasbro were worth $8,329,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of HAS. SteelPeak Wealth LLC acquired a new stake in shares of Hasbro during the second quarter valued at $2,822,000. Prudential Financial Inc. boosted its stake in shares of Hasbro by 14.2% during the 2nd quarter. Prudential Financial Inc. now owns 159,288 shares of the company’s stock worth $11,759,000 after purchasing an additional 19,752 shares during the last quarter. PARK CIRCLE Co purchased a new stake in shares of Hasbro during the second quarter worth about $738,000. Truist Financial Corp raised its position in shares of Hasbro by 35.0% in the second quarter. Truist Financial Corp now owns 42,126 shares of the company’s stock valued at $3,110,000 after buying an additional 10,931 shares during the last quarter. Finally, Picton Mahoney Asset Management raised its position in shares of Hasbro by 249.9% in the second quarter. Picton Mahoney Asset Management now owns 205,967 shares of the company’s stock valued at $15,203,000 after buying an additional 147,104 shares during the last quarter. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Hasbro

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: Netflix?backed KPop Demon Hunters toy lines will be produced by major toymakers including Hasbro (alongside Mattel), giving Hasbro exposure to a high?profile, youth/collectible franchise and near?term licensed revenue opportunities. Read More.
• Positive Sentiment: Hasbro unveiled new Optimus Prime and Megatron figures tied to Transformers: The Movie — continued franchise product drops help drive collectible/enthusiast sales and support toy segment revenue. Read More.
• Neutral Sentiment: Widespread first?look coverage and lifestyle pieces highlight strong consumer attention for the new licensed lines, but some outlets note high price/collectible positioning — good for margins if sell?through is strong, riskier if broader consumer demand softens. Read More.
• Neutral Sentiment: Technical/valuation context: HAS is trading near its 50? and 200?day moving averages and close to its one?year high, with a negative trailing P/E reflecting recent earnings variability — investors should weigh growth from new licenses against covenants and earnings cyclicality.
• Negative Sentiment: A shareholder lawsuit alleges Hasbro has diluted Magic: The Gathering’s long?term value by overprinting cards, which raises legal, reputational and franchise?value risks for one of Hasbro’s highest?margin, recurring?revenue properties. This could pressure future margins and collector confidence if resolved unfavorably. Read More.

Analyst Ratings Changes

A number of brokerages recently issued reports on HAS. Wall Street Zen lowered shares of Hasbro from a “strong-buy” rating to a “buy” rating in a research report on Sunday, January 11th. Zacks Research cut Hasbro from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Hasbro in a research report on Monday, December 29th. Morgan Stanley reiterated an “overweight” rating and issued a $94.00 target price on shares of Hasbro in a research note on Sunday, December 14th. Finally, Jefferies Financial Group raised their price target on Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, December 29th. Nine investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Hasbro has a consensus rating of “Moderate Buy” and a consensus price target of $93.00.

Insider Transactions at Hasbro

In other Hasbro news, Director Hope F. Cochran sold 4,000 shares of the company’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $77.24, for a total transaction of $308,960.00. Following the completion of the sale, the director directly owned 17,102 shares in the company, valued at $1,320,958.48. This represents a 18.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.85% of the company’s stock.

Hasbro Trading Up 0.2%

HAS stock opened at $89.88 on Thursday. The company has a market cap of $12.61 billion, a price-to-earnings ratio of -22.41, a PEG ratio of 1.61 and a beta of 0.55. The company has a quick ratio of 1.42, a current ratio of 1.70 and a debt-to-equity ratio of 7.65. The business has a fifty day simple moving average of $83.70 and a 200-day simple moving average of $79.38. Hasbro, Inc. has a 52 week low of $49.00 and a 52 week high of $90.47.

Hasbro 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.