Hasbro, Inc. $HAS Shares Purchased by Pinnbrook Capital Management LP

Pinnbrook Capital Management LP grew its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 20.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 48,419 shares of the company’s stock after purchasing an additional 8,386 shares during the quarter. Pinnbrook Capital Management LP’s holdings in Hasbro were worth $3,970,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Personal CFO Solutions LLC boosted its stake in shares of Hasbro by 3.9% during the 4th quarter. Personal CFO Solutions LLC now owns 3,666 shares of the company’s stock worth $301,000 after purchasing an additional 137 shares during the last quarter. Signaturefd LLC boosted its stake in shares of Hasbro by 6.4% during the 4th quarter. Signaturefd LLC now owns 2,268 shares of the company’s stock worth $186,000 after purchasing an additional 137 shares during the last quarter. United Capital Financial Advisors LLC boosted its stake in shares of Hasbro by 2.2% during the 3rd quarter. United Capital Financial Advisors LLC now owns 6,500 shares of the company’s stock worth $493,000 after purchasing an additional 139 shares during the last quarter. Retirement Systems of Alabama boosted its stake in shares of Hasbro by 0.5% during the 3rd quarter. Retirement Systems of Alabama now owns 28,418 shares of the company’s stock worth $2,156,000 after purchasing an additional 151 shares during the last quarter. Finally, Fifth Third Bancorp boosted its stake in shares of Hasbro by 2.0% during the 3rd quarter. Fifth Third Bancorp now owns 7,620 shares of the company’s stock worth $578,000 after purchasing an additional 152 shares during the last quarter. 91.83% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Christian P. Cocks sold 196,411 shares of the firm’s stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $100.33, for a total value of $19,705,915.63. Following the sale, the chief executive officer directly owned 303,310 shares of the company’s stock, valued at approximately $30,431,092.30. This trade represents a 39.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.71% of the company’s stock.

Trending Headlines about Hasbro

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: Hasbro reported Q1 EPS of $1.47 and revenue of about $1.0 billion, both above Wall Street expectations, with strength coming from Wizards of the Coast and digital gaming, especially Magic: The Gathering. Reuters article
• Positive Sentiment: Analysts remain constructive overall, with BNP Paribas Exane raising its price target to $117 and DA Davidson maintaining a neutral rating with a $100 target, suggesting upside from current levels. BNP Paribas article
• Positive Sentiment: Hasbro also announced new product and licensing initiatives, including Monopoly Formula 1 Edition and new Marvel Legends exclusives, which support its franchise pipeline and brand visibility. Formula 1 partnership article
• Neutral Sentiment: Hasbro held its full-year revenue growth and adjusted EBITDA outlook steady, which reassured some investors but did not provide a new catalyst after the earnings release. U.S. News article
• Negative Sentiment: Management warned that cash flow may be lumpy because a March cyberattack delayed invoicing, adding uncertainty around near-term collections and working capital. Boston Business Journal article
• Negative Sentiment: Investor sentiment was also hurt by the company’s decision to cancel a Dungeons & Dragons game and by reports that Hasbro’s shares fell after management chose not to raise full-year guidance, overshadowing the earnings beat. IGN article

Hasbro Price Performance

HAS opened at $90.08 on Friday. The company’s 50 day simple moving average is $93.23 and its 200 day simple moving average is $89.41. 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, Inc. has a 1 year low of $64.74 and a 1 year high of $106.98. The stock has a market capitalization of $12.75 billion, a PE ratio of -54.27, a P/E/G ratio of 2.59 and a beta of 0.52.

Hasbro (NASDAQ:HAS) last released its earnings results on Wednesday, May 20th. The company reported $1.47 earnings per share (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 for the quarter, compared to analysts’ expectations of $969.20 million. During the same period last year, the company earned $1.04 earnings per share. The company’s quarterly revenue was up 12.7% on a year-over-year basis. As a group, sell-side analysts expect that Hasbro, Inc. will post 5.8 EPS for the current year.

Hasbro Dividend Announcement

The business also recently announced 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 of this dividend is Monday, June 1st. This represents a $2.80 annualized dividend and a dividend yield of 3.1%. Hasbro’s dividend payout ratio (DPR) is currently -119.15%.

Analyst Ratings Changes

Several research firms have issued reports on HAS. Bank of America raised their price target on shares of Hasbro from $113.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday. Wall Street Zen cut shares of Hasbro from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. Citigroup decreased their price target on shares of Hasbro from $118.00 to $114.00 and set a “buy” rating on the stock in a research note on Thursday. Monness Crespi & Hardt raised their price target on shares of Hasbro from $90.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Finally, Jefferies Financial Group raised their price target on shares of Hasbro from $95.00 to $112.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $113.64.

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.