DNB Asset Management AS Purchases New Shares in Hasbro, Inc. $HAS

DNB Asset Management AS purchased a new stake in Hasbro, Inc. (NASDAQ:HAS) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 9,735 shares of the company’s stock, valued at approximately $798,000.

Several other institutional investors have also added to or reduced their stakes in the company. Convergence Investment Partners LLC bought a new stake in Hasbro in the 4th quarter valued at $510,000. Northwestern Mutual Wealth Management Co. boosted its stake in Hasbro by 5,042.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 453,895 shares of the company’s stock valued at $37,219,000 after purchasing an additional 445,068 shares during the period. Pinnacle Associates Ltd. boosted its stake in Hasbro by 3.9% in the 4th quarter. Pinnacle Associates Ltd. now owns 54,532 shares of the company’s stock valued at $4,472,000 after purchasing an additional 2,060 shares during the period. Allworth Financial LP boosted its stake in Hasbro by 52.8% in the 4th quarter. Allworth Financial LP now owns 4,100 shares of the company’s stock valued at $336,000 after purchasing an additional 1,416 shares during the period. Finally, Tepp RIA LLC acquired a new position in Hasbro in the 4th quarter valued at $202,000. 91.83% of the stock is currently owned by institutional investors.

Hasbro Price Performance

Shares of NASDAQ HAS opened at $88.60 on Thursday. The company has a debt-to-equity ratio of 4.59, a current ratio of 1.65 and a quick ratio of 1.49. Hasbro, Inc. has a fifty-two week low of $64.74 and a fifty-two week high of $106.98. The stock has a market capitalization of $12.54 billion, a PE ratio of -37.70, a P/E/G ratio of 2.84 and a beta of 0.52. The business has a fifty day moving average price of $93.33 and a two-hundred day moving average price of $89.31.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Wednesday, May 20th. The company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.27. Hasbro had a positive return on equity of 172.27% and a negative net margin of 4.62%.The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $969.20 million. During the same period in the prior year, the company earned $1.04 EPS. Hasbro’s revenue for the quarter was up 12.7% on a year-over-year basis. As a group, equities analysts predict that Hasbro, Inc. will post 5.8 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Monday, June 1st will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Monday, June 1st. Hasbro’s dividend payout ratio is currently -119.15%.

Insider Buying and Selling at Hasbro

In related news, CEO Christian P. Cocks sold 196,411 shares of the company’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $100.33, for a total transaction of $19,705,915.63. Following the completion of the sale, the chief executive officer directly owned 303,310 shares in the company, valued at $30,431,092.30. This represents a 39.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.71% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on HAS. Morgan Stanley lifted their price objective on Hasbro from $122.00 to $123.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Monness Crespi & Hardt lifted their price objective on Hasbro from $90.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Roth Mkm set a $120.00 price objective on Hasbro in a report on Wednesday, February 11th. Wolfe Research lifted their price objective on Hasbro from $90.00 to $124.00 and gave the company an “outperform” rating in a report on Friday, February 13th. Finally, Weiss Ratings raised Hasbro from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Hasbro presently has a consensus rating of “Moderate Buy” and an average price target of $113.14.

Key Headlines Impacting Hasbro

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: Hasbro beat Q1 earnings and revenue estimates, with results boosted by strong demand for Wizards of the Coast and digital gaming, especially Magic: The Gathering. Several reports highlighted the segment’s 26% revenue growth and record momentum as a key driver for the company. Reuters article
• Positive Sentiment: The company also announced a quarterly dividend of $0.70 per share, which supports its income appeal and signals continued shareholder returns. Dividend announcement
• Neutral Sentiment: Management reiterated its full-year outlook rather than raising guidance, which may have disappointed investors looking for a more aggressive upward revision after the earnings beat. Invezz article
• Negative Sentiment: Hasbro canceled a Dungeons & Dragons game tied to a high-profile studio partnership, adding concern around execution in its gaming pipeline and contributing to negative sentiment around the stock. TipRanks article
• Negative Sentiment: A recently disclosed cybersecurity issue also weighed on investor sentiment, creating uncertainty around timing and operations even though it did not derail the quarter’s core results. Reuters article

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.