Nomura Asset Management Co. Ltd. boosted its holdings in Hasbro, Inc. (NASDAQ:HAS – Free Report) by 734.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 33,783 shares of the company’s stock after buying an additional 29,735 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Hasbro were worth $2,770,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in HAS. MUFG Securities EMEA plc raised its holdings in shares of Hasbro by 114.4% in the 4th quarter. MUFG Securities EMEA plc now owns 5,468 shares of the company’s stock worth $448,000 after purchasing an additional 2,918 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of Hasbro by 34.0% in the 4th quarter. BNP Paribas Financial Markets now owns 700,240 shares of the company’s stock worth $57,420,000 after purchasing an additional 177,794 shares during the period. Norges Bank purchased a new position in shares of Hasbro in the 4th quarter worth about $147,748,000. Eurizon Capital SGR S.p.A. purchased a new position in shares of Hasbro in the 4th quarter worth about $863,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of Hasbro by 25.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 11,053 shares of the company’s stock worth $906,000 after purchasing an additional 2,226 shares during the period. 91.83% of the stock is owned by institutional investors and hedge funds.
Hasbro Price Performance
Shares of NASDAQ HAS opened at $84.47 on Friday. Hasbro, Inc. has a twelve month low of $65.06 and a twelve month high of $106.98. The company has a current ratio of 1.65, a quick ratio of 1.49 and a debt-to-equity ratio of 4.59. The company has a market capitalization of $11.95 billion, a price-to-earnings ratio of -50.89, a price-to-earnings-growth ratio of 2.07 and a beta of 0.48. The business has a 50 day simple moving average of $91.91 and a 200-day simple moving average of $90.03.
Hasbro Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Monday, June 1st will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Monday, June 1st. Hasbro’s payout ratio is -168.67%.
Analyst Ratings Changes
A number of equities analysts have recently commented on the company. Morgan Stanley raised their price objective on Hasbro from $122.00 to $123.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. Citigroup dropped their price objective on Hasbro from $118.00 to $114.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Wolfe Research lifted their price objective on Hasbro from $90.00 to $124.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. The Goldman Sachs Group lifted their price objective on Hasbro from $88.00 to $114.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Finally, Wells Fargo & Company dropped their price objective on Hasbro from $98.00 to $92.00 and set an “equal weight” rating on the stock in a report on Thursday, May 21st. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $113.64.
View Our Latest Stock Report on HAS
Key Stories Impacting Hasbro
Here are the key news stories impacting Hasbro this week:
- Positive Sentiment: Hasbro launched Sixth Wall, a new AI studio aimed at turning its iconic characters into interactive experiences and creating a new licensing channel for its intellectual property. Hasbro’s New AI Studio Looks to Bring Its Iconic Characters to Next-Generation Experiences
- Positive Sentiment: Hasbro said it will license characters into AI experiences, and reports also noted a partnership with ElevenLabs, suggesting early outside demand for the new platform. Hasbro creates a program to license its iconic characters to AI experiences
- Positive Sentiment: Coverage from multiple outlets highlighted AI-powered versions of Hasbro’s characters, reinforcing investor interest in the company’s ability to monetize legacy brands in new ways. Hasbro AI Studio Unveils Interactive AI Versions Of Iconic Characters
- Neutral Sentiment: Hasbro also promoted a nostalgia-heavy toy lineup featuring Transformers, X-Men, and Star Wars, which supports the brand but appears less likely to move the stock on its own. Hasbro’s Latest Toy Drop Is Packed With Transformers, X-Men, And Star Wars Nostalgia
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.
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