Mitsubishi UFJ Asset Management Co. Ltd. Makes New $14.25 Million Investment in Hasbro, Inc. $HAS

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Hasbro, Inc. (NASDAQ:HAS) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 172,580 shares of the company’s stock, valued at approximately $14,253,000. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.12% of Hasbro at the end of the most recent reporting period.

Several other large investors have also modified their holdings of HAS. Vanguard Group Inc. grew its holdings in Hasbro by 2.7% during the 4th quarter. Vanguard Group Inc. now owns 16,976,679 shares of the company’s stock valued at $1,392,088,000 after buying an additional 453,038 shares during the last quarter. State Street Corp raised its holdings in shares of Hasbro by 2.1% in the second quarter. State Street Corp now owns 6,508,052 shares of the company’s stock worth $480,424,000 after acquiring an additional 131,678 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Hasbro by 47.3% in the fourth 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. Geode Capital Management LLC lifted its position in shares of Hasbro by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 3,661,020 shares of the company’s stock valued at $299,700,000 after acquiring an additional 122,592 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Hasbro by 21.9% during the third quarter. Bank of America Corp DE now owns 3,633,213 shares of the company’s stock valued at $275,579,000 after acquiring an additional 651,790 shares during the last quarter. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Key Hasbro News

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: Hasbro’s Magic: The Gathering business is showing strong momentum, with Marvel-related releases supporting record growth. The upcoming Hobbit-themed products could provide another catalyst for Wizards of the Coast and help extend growth. Hasbro Magic Business Is Booming: Can Marvel and Hobbit Extend Growth?
• Positive Sentiment: Analysts remain broadly optimistic about Hasbro’s growth prospects, and the company’s shares have outpaced the broader market this year. This supports the favorable investor sentiment surrounding the stock. Hasbro Stock: Analyst Estimates & Ratings
• Positive Sentiment: Hasbro’s latest results exceeded expectations, with quarterly earnings and revenue beating consensus estimates and revenue increasing 16.2% year over year. The earnings beat remains a key reason the stock has increased since the report. Why Is Hasbro Up Since Last Earnings Report?
• Positive Sentiment: Hasbro is expanding its X-Men ’97 Marvel Legends collection with a new Beast figure. The release adds support to Hasbro’s licensed-product pipeline, though its direct financial impact is likely limited. Beast Joins Hasbro’s X-Men ’97 Marvel Legends Series Collection

Wall Street Analysts Forecast Growth

A number of research firms recently commented on HAS. Roth Capital reiterated a “buy” rating on shares of Hasbro in a research report on Wednesday, July 22nd. Zacks Research cut shares of Hasbro from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 13th. Wells Fargo & Company lifted their price target on shares of Hasbro from $85.00 to $90.00 and gave the stock an “equal weight” rating in a report on Thursday. Bank of America lowered their price target on shares of Hasbro from $115.00 to $105.00 and set a “buy” rating for the company in a report on Thursday, July 16th. Finally, Jefferies Financial Group cut their price objective on shares of Hasbro from $120.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday, July 16th. Twelve equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Hasbro currently has a consensus rating of “Moderate Buy” and an average target price of $109.43.

Hasbro Stock Up 0.2%

HAS opened at $93.56 on Friday. Hasbro, Inc. has a 12 month low of $69.50 and a 12 month high of $106.98. The business has a 50-day moving average of $86.93 and a two-hundred day moving average of $91.23. The company has a debt-to-equity ratio of 4.16, a current ratio of 1.66 and a quick ratio of 1.46. The stock has a market capitalization of $13.20 billion, a price-to-earnings ratio of 16.83, a price-to-earnings-growth ratio of 1.71 and a beta of 0.47.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Tuesday, July 21st. The company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.12. Hasbro had a net margin of 15.97% and a return on equity of 141.11%. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the firm posted $1.30 EPS. The company’s revenue was up 16.2% on a year-over-year basis. On average, research analysts expect that Hasbro, Inc. will post 6.15 earnings per share for the current year.

Hasbro Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $2.80 dividend on an annualized basis and a yield of 3.0%. Hasbro’s dividend payout ratio (DPR) is currently 50.36%.

Insider Activity at Hasbro

In other Hasbro news, CFO Gina M. Goetter sold 11,000 shares of Hasbro stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $95.44, for a total value of $1,049,840.00. Following the transaction, the chief financial officer owned 88,104 shares in the company, valued at $8,408,645.76. This trade represents a 11.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Elizabeth Hamren sold 1,975 shares of the business’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $92.84, for a total transaction of $183,359.00. Following the sale, the director directly owned 9,896 shares of the company’s stock, valued at $918,744.64. This represents a 16.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 45,415 shares of company stock worth $4,260,164. Company insiders own 0.71% of the company’s stock.

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.