Valley Wealth Managers Inc. Cuts Stake in Hasbro, Inc. $HAS

Valley Wealth Managers Inc. lowered its position in Hasbro, Inc. (NASDAQ:HAS) by 18.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 327,326 shares of the company’s stock after selling 74,066 shares during the period. Hasbro comprises approximately 1.6% of Valley Wealth Managers Inc.’s holdings, making the stock its 16th largest position. Valley Wealth Managers Inc. owned about 0.23% of Hasbro worth $24,828,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new stake in shares of Hasbro in the 4th quarter valued at approximately $317,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Hasbro by 11.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,563 shares of the company’s stock worth $1,018,000 after acquiring an additional 1,753 shares in the last quarter. Empowered Funds LLC lifted its holdings in Hasbro by 95.8% in the first quarter. Empowered Funds LLC now owns 13,187 shares of the company’s stock valued at $811,000 after acquiring an additional 6,451 shares during the period. Woodline Partners LP boosted its position in shares of Hasbro by 40.7% during the 1st quarter. Woodline Partners LP now owns 11,078 shares of the company’s stock worth $681,000 after purchasing an additional 3,203 shares in the last quarter. Finally, Focus Partners Wealth acquired a new position in shares of Hasbro during the 1st quarter worth $292,000. Institutional investors and hedge funds own 91.83% of the company’s stock.

Insider Buying and Selling

In related news, Director Hope F. Cochran sold 4,000 shares of the business’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $77.24, for a total value of $308,960.00. Following the completion of the transaction, the director owned 17,102 shares of the company’s stock, valued at approximately $1,320,958.48. The trade was a 18.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Wall Street Zen downgraded shares of Hasbro from a “strong-buy” rating to a “buy” rating in a report on Sunday, January 11th. Morgan Stanley reissued an “overweight” rating and set a $94.00 price target on shares of Hasbro in a research note on Sunday, December 14th. Wolfe Research upped their price target on Hasbro from $89.00 to $90.00 in a report on Wednesday, October 29th. Zacks Research downgraded Hasbro from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. Finally, UBS Group boosted their target price on Hasbro from $89.00 to $99.00 and gave the stock a “buy” rating in a research report on Wednesday, January 7th. Nine equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $93.00.

More Hasbro News

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: New licensed toy lines (co?releases with Mattel and Netflix) tied to the viral “KPop Demon Hunters” franchise should boost seasonal toy sales, merchandising revenue and retail shelf presence later this year. Forbes: KPop Demon Hunters’ Toys By Mattel And Hasbro Coming This Year
• Positive Sentiment: Product refresh in core franchises — Hasbro revealed new Optimus Prime and Megatron figures tied to Transformers: The Movie, which supports collector demand and higher?margin specialty SKUs. MSN: ‘Kpop Demon Hunters’ Toys And Merchandise Unveiled
• Neutral Sentiment: Broad media coverage of the new toy lines increases brand visibility, but execution risk remains (retail sell?through, inventory management). Coverage includes mainstream outlets highlighting the first looks and release timing. USA Today: Mattel ‘KPop Demon Hunters’ American Girl dolls, new toys coming soon
• Negative Sentiment: A shareholder lawsuit alleges Hasbro deliberately overprinted Magic: The Gathering cards to generate cash and plug revenue shortfalls elsewhere, claiming this dilutes long?term collectibles value and brand equity — potential impacts include reputational damage, weaker long?term demand for premium MTG products, and legal costs. Wargamer: Investor lawsuit claims Hasbro overprinted MTG cards as a “cash cow” PCGamer: Hasbro sued by shareholders over printing MTG cards

Hasbro Stock Performance

Hasbro stock opened at $90.46 on Friday. Hasbro, Inc. has a fifty-two week low of $49.00 and a fifty-two week high of $90.80. The company has a market capitalization of $12.70 billion, a price-to-earnings ratio of -22.56, a PEG ratio of 1.61 and a beta of 0.55. The stock has a fifty day moving average of $83.98 and a two-hundred day moving average of $79.46. The company has a debt-to-equity ratio of 7.65, a quick ratio of 1.42 and a current ratio of 1.70.

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.