Hasbro, Inc. $HAS Shares Sold by Valley Wealth Managers Inc.

Valley Wealth Managers Inc. trimmed its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 3.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 320,301 shares of the company’s stock after selling 11,680 shares during the period. Hasbro comprises about 1.9% of Valley Wealth Managers Inc.’s portfolio, making the stock its 7th biggest position. Valley Wealth Managers Inc. owned 0.23% of Hasbro worth $29,980,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in HAS. Norges Bank acquired a new stake in shares of Hasbro in the 4th quarter valued at $147,748,000. Bank of America Corp DE lifted its position in shares of Hasbro by 128.7% during the 2nd quarter. Bank of America Corp DE now owns 2,981,423 shares of the company’s stock worth $220,089,000 after purchasing an additional 1,677,962 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Hasbro by 47.3% during the fourth quarter. AQR Capital Management LLC now owns 4,357,147 shares of the company’s stock worth $357,286,000 after purchasing an additional 1,399,499 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Hasbro by 454.3% during the first quarter. Assenagon Asset Management S.A. now owns 727,407 shares of the company’s stock worth $68,085,000 after purchasing an additional 596,167 shares in the last quarter. Finally, Amundi increased its holdings in Hasbro by 55.5% in the fourth 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 during the last quarter. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro Price Performance

Shares of HAS opened at $81.55 on Friday. 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 1-year low of $69.50 and a 1-year high of $106.98. The stock has a market cap of $11.54 billion, a PE ratio of -49.13, a price-to-earnings-growth ratio of 1.98 and a beta of 0.49. The firm has a fifty day moving average price of $85.00 and a 200 day moving average price of $90.20.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Wednesday, May 13th. 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 positive return on equity of 174.64% and a negative net margin of 4.62%.The company had revenue of $1 billion for the quarter, compared to analyst estimates of $969.20 million. During the same quarter last year, the company posted $1.04 earnings per share. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Hasbro, Inc. will post 6.04 EPS for the current year.

Hasbro Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Monday, June 1st were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Monday, June 1st. Hasbro’s dividend payout ratio (DPR) is currently -168.67%.

Hasbro News Summary

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: Hasbro announced a licensing partnership with Nintendo to produce The Legend of Zelda toys and related products, with the first reveal coming soon and products expected to roll out starting in 2027. The deal could strengthen Hasbro’s collectibles and action-figure business by tying it to one of gaming’s most valuable franchises. Article Title
• Positive Sentiment: Hasbro also unveiled new KPop Demon Hunters role-playing toys, signaling continued momentum in licensing-driven product launches that can help refresh the company’s toy lineup and broaden its appeal. Article Title
• Positive Sentiment: Hasbro’s partnership with Get After It Media on a new streaming channel suggests the company is expanding beyond toys into media and digital content, which could create additional brand exposure and monetization opportunities. Article Title
• Neutral Sentiment: Investors are also watching Hasbro ahead of its second-quarter earnings report on July 21, after the company beat expectations in the prior quarter. The upcoming results should be a key catalyst for the stock. Article Title
• Negative Sentiment: On the cautious side, Zacks Research trimmed several long-term earnings estimates for Hasbro and kept a Hold rating, which may temper enthusiasm even though the changes were small. Article Title

Analyst Upgrades and Downgrades

A number of research firms have weighed in on HAS. Bank of America cut their price target on Hasbro from $115.00 to $105.00 and set a “buy” rating on the stock in a research note on Thursday. UBS Group reiterated a “buy” rating and issued a $110.00 price objective on shares of Hasbro in a report on Thursday, June 18th. JPMorgan Chase & Co. raised their target price on Hasbro from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. Morgan Stanley boosted their target price on Hasbro from $122.00 to $123.00 and gave the stock an “overweight” rating in a research note on Thursday, May 14th. Finally, Wells Fargo & Company lowered their price target on Hasbro from $92.00 to $85.00 and set an “equal weight” rating for the company in a report on Tuesday, June 9th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $109.71.

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.