Contravisory Investment Management Inc. Buys 11,269 Shares of Hasbro, Inc. $HAS

Contravisory Investment Management Inc. lifted its position in Hasbro, Inc. (NASDAQ:HAS) by 9,799.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,384 shares of the company’s stock after acquiring an additional 11,269 shares during the period. Contravisory Investment Management Inc.’s holdings in Hasbro were worth $1,066,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank bought a new stake in Hasbro in the fourth quarter valued at approximately $147,748,000. Bank of America Corp DE grew its holdings in shares of Hasbro by 128.7% in the 2nd quarter. Bank of America Corp DE now owns 2,981,423 shares of the company’s stock valued at $220,089,000 after buying an additional 1,677,962 shares during the period. AQR Capital Management LLC grew its holdings in shares of Hasbro by 47.3% in the 4th quarter. AQR Capital Management LLC now owns 4,357,147 shares of the company’s stock valued at $357,286,000 after buying an additional 1,399,499 shares during the period. Assenagon Asset Management S.A. increased its position in shares of Hasbro by 454.3% in the 1st quarter. Assenagon Asset Management S.A. now owns 727,407 shares of the company’s stock valued at $68,085,000 after buying an additional 596,167 shares in the last quarter. Finally, Amundi increased its position in shares of Hasbro by 55.5% in the 4th quarter. Amundi now owns 1,403,288 shares of the company’s stock valued at $115,070,000 after buying an additional 501,117 shares in the last quarter. Institutional investors own 91.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. DA Davidson reiterated a “neutral” rating and set a $100.00 target price on shares of Hasbro in a report on Thursday, May 21st. Wall Street Zen downgraded Hasbro from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 16th. Wells Fargo & Company cut their price objective on Hasbro from $92.00 to $85.00 and set an “equal weight” rating on the stock in a report on Tuesday, June 9th. UBS Group reiterated a “buy” rating and issued a $110.00 price objective on shares of Hasbro in a research report on Thursday, June 18th. Finally, Argus set a $105.00 target price on Hasbro in a research note on Friday, March 13th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $113.14.

Trending Headlines about Hasbro

Here are the key news stories impacting Hasbro this week:

• Negative Sentiment: Multiple reports say Hasbro faced backlash after allegedly asking child actors to sign contracts giving the company rights to use their voices for AI, sparking criticism online and in entertainment media. Peppa Pig Owner Demands Child Actors Sign Away Voice Rights to AI
• Negative Sentiment: An open letter and follow-up coverage amplified concerns that a “major studio” was pushing children to give voice rights to AI, which could pressure Hasbro’s brand image and attract scrutiny from parents, talent groups, and regulators. Open Letter Alleges ‘Major Studio’ Demands Children Give Voices to AI
• Negative Sentiment: Additional articles framed the controversy as a broader backlash against AI use in entertainment, suggesting the issue could become a longer-running reputational overhang for Hasbro’s Peppa Pig and family-entertainment operations. Peppa Pig Contract Backlash Is the Latest Over the Use of AI in Entertainment
• Neutral Sentiment: Separately, a court update in Hasbro’s intellectual-property fight over Peppa Pig sound recordings reinforces that the brand remains protected, but this appears more like a legal maintenance item than a major new stock catalyst. Hasbro v Sconnect: High Court grants summary judgment over Wolfoo’s copying of Peppa Pig sound recordings
• Positive Sentiment: On the brighter side, BNP Paribas reiterated a bullish view on Hasbro, saying investors may be underestimating the growth and profitability of Magic: The Gathering and implying meaningful upside potential. Hasbro’s Magic Has Unlocked A 41% Stock Upside — But The Market Still Doesn’t Get It
• Positive Sentiment: Hasbro also has fresh product-related buzz with the announcement of Hasbro Games Junior Collection for multiple gaming platforms, which supports its broader licensed-content and games strategy. Hasbro Games Junior Collection announced for PS5, Xbox Series, Switch 2, PS4, Switch, and PC

Hasbro Price Performance

Shares of NASDAQ HAS opened at $84.88 on Friday. The company has a fifty day moving average price of $89.75 and a 200 day moving average price of $90.42. Hasbro, Inc. has a 1-year low of $69.50 and a 1-year high of $106.98. The firm has a market cap of $12.01 billion, a PE ratio of -51.13, a PEG ratio of 2.04 and a beta of 0.48. The company has a current ratio of 1.65, a quick ratio of 1.49 and a debt-to-equity ratio of 4.59.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Wednesday, May 13th. The company reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.27. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $969.20 million. Hasbro had a positive return on equity of 174.64% and a negative net margin of 4.62%.The company’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.04 earnings per share. Research analysts predict that Hasbro, Inc. will post 6.01 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Monday, June 1st were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Monday, June 1st. Hasbro’s dividend payout ratio (DPR) is currently -168.67%.

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.