Great Lakes Advisors LLC Cuts Holdings in Hasbro, Inc. $HAS

Great Lakes Advisors LLC lessened its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 8.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 330,712 shares of the company’s stock after selling 31,940 shares during the period. Great Lakes Advisors LLC owned approximately 0.24% of Hasbro worth $25,084,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Hasbro by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 16,574,471 shares of the company’s stock worth $1,223,527,000 after purchasing an additional 110,433 shares during the period. State Street Corp grew its holdings in shares of Hasbro by 2.1% in the 2nd 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 period. Bank of America Corp DE boosted its position in Hasbro by 128.7% during the second 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 in the last quarter. Marshall Wace LLP boosted its position in shares of Hasbro by 15.1% in the 2nd quarter. Marshall Wace LLP now owns 2,634,857 shares of the company’s stock worth $194,505,000 after buying an additional 346,637 shares in the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of Hasbro by 95.7% in the second quarter. AQR Capital Management LLC now owns 2,259,812 shares of the company’s stock valued at $164,831,000 after purchasing an additional 1,105,004 shares in the last quarter. Institutional investors and hedge funds own 91.83% of the company’s stock.

Insider Transactions at Hasbro

In other news, Director Hope F. Cochran sold 4,000 shares of the stock in a transaction on Monday, November 10th. The shares were sold at an average price of $77.24, for a total value of $308,960.00. Following the completion of the sale, the director owned 17,102 shares of the company’s stock, valued at $1,320,958.48. This represents a 18.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.85% of the stock is currently owned by corporate insiders.

Key Stories Impacting Hasbro

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: Hasbro is part of a major licensed push for “KPop Demon Hunters” toys and dolls tied to the Netflix property — this broad, cross‑brand merchandising effort (including an American Girl variant via Mattel and Hasbro lines) expands retail SKUs and leverages trending IP, which could boost near‑term toy sales and licensing revenue. KPop Demon Hunters’ Toys By Mattel And Hasbro Coming This Year
• Positive Sentiment: Hasbro unveiled new Transformers figures (Optimus Prime, Megatron) tied to the movie, a reliable franchise revenue driver with strong collector demand and merchandising lift around theatrical releases. This supports toy segment sales and licensing visibility. Hasbro reveals new Optimus Prime and Megatron figures
• Neutral Sentiment: Wide media coverage and first‑look pieces (MSN, 6ABC, USA Today, Gizmodo) are generating consumer buzz around the KPop Demon Hunters merchandise rollout — positive for awareness, but actual financial impact depends on retail sell‑through and margins. Mattel, Hasbro announce ‘KPop Demon Hunters’ toys coming soon to store shelves
• Negative Sentiment: Shareholders have filed suit accusing Hasbro of overprinting Magic: The Gathering cards, alleging the company is diluting product scarcity and harming long‑term brand value — this legal and reputational risk could pressure margins, customer trust in the MTG franchise, and create litigation costs or changes to print strategy. Hasbro is being sued by its own shareholders for printing so many Magic cards

Hasbro Stock Performance

Hasbro stock opened at $89.88 on Thursday. The company has a debt-to-equity ratio of 7.65, a current ratio of 1.70 and a quick ratio of 1.42. Hasbro, Inc. has a 12 month low of $49.00 and a 12 month high of $90.47. The company has a market cap of $12.61 billion, a price-to-earnings ratio of -22.41, a price-to-earnings-growth ratio of 1.61 and a beta of 0.55. The stock’s 50-day moving average is $83.70 and its 200-day moving average is $79.38.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HAS. Morgan Stanley reissued an “overweight” rating and issued a $94.00 price target on shares of Hasbro in a report on Sunday, December 14th. UBS Group lifted their price objective on Hasbro from $89.00 to $99.00 and gave the stock a “buy” rating in a research report on Wednesday, January 7th. Citigroup upped their target price on shares of Hasbro from $91.00 to $97.00 and gave the company a “buy” rating in a report on Friday, October 24th. Roth Mkm set a $96.00 price target on shares of Hasbro and gave the stock a “buy” rating in a report on Friday, October 24th. Finally, Seaport Research Partners raised shares of Hasbro to a “strong-buy” rating in a research report on Monday, November 10th. Nine investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Hasbro currently has an average rating of “Moderate Buy” and an average price target of $93.00.

About Hasbro

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.