Illinois Municipal Retirement Fund Increases Position in Hasbro, Inc. $HAS

Illinois Municipal Retirement Fund lifted its stake in Hasbro, Inc. (NASDAQ:HAS) by 57.3% in the 1st quarter, Holdings Channel reports. The firm owned 65,408 shares of the company’s stock after purchasing an additional 23,815 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Hasbro were worth $6,122,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in Hasbro during the fourth quarter worth about $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 valued at $220,089,000 after acquiring an additional 1,677,962 shares during the period. AQR Capital Management LLC boosted its stake in shares of Hasbro by 47.3% during the 4th quarter. AQR Capital Management LLC now owns 4,357,147 shares of the company’s stock worth $357,286,000 after acquiring an additional 1,399,499 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Hasbro by 454.3% during the 1st quarter. Assenagon Asset Management S.A. now owns 727,407 shares of the company’s stock worth $68,085,000 after acquiring an additional 596,167 shares in the last quarter. Finally, Amundi grew its holdings in shares of Hasbro by 55.5% in the 4th quarter. Amundi now owns 1,403,288 shares of the company’s stock worth $115,070,000 after acquiring an additional 501,117 shares during the period. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Key Stories Impacting Hasbro

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

Hasbro Stock Down 0.7%

HAS stock opened at $81.55 on Friday. The stock has a market capitalization of $11.54 billion, a P/E ratio of -49.13, a PEG ratio of 2.00 and a beta of 0.49. The company has a debt-to-equity ratio of 4.59, a quick ratio of 1.49 and a current ratio of 1.65. Hasbro, Inc. has a one year low of $69.50 and a one year high of $106.98. The company has a 50 day moving average price of $85.00 and a two-hundred day moving average price of $90.20.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Wednesday, May 13th. The company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates 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 in the prior year, the company posted $1.04 EPS. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. As a group, sell-side analysts expect that Hasbro, Inc. will post 6.04 EPS for the current year.

Hasbro Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Monday, June 1st were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.4%. The ex-dividend date was Monday, June 1st. Hasbro’s dividend payout ratio is presently -168.67%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. DA Davidson reaffirmed a “neutral” rating and issued a $100.00 price objective on shares of Hasbro in a research note on Thursday, May 21st. Morgan Stanley boosted their target price on Hasbro from $122.00 to $123.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. Wells Fargo & Company lowered their target price on Hasbro from $92.00 to $85.00 and set an “equal weight” rating on the stock in a report on Tuesday, June 9th. BNP Paribas Exane dropped their price target on Hasbro from $117.00 to $114.00 and set an “outperform” rating for the company in a research report on Wednesday. Finally, Bank of America cut their price target on Hasbro from $115.00 to $105.00 and set a “buy” rating for the company in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.