Hasbro, Inc. $HAS Shares Acquired by Sivia Capital Partners LLC

Sivia Capital Partners LLC lifted its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 164.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,316 shares of the company’s stock after purchasing an additional 7,040 shares during the period. Sivia Capital Partners LLC’s holdings in Hasbro were worth $928,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. CIBC Asset Management Inc increased its position in shares of Hasbro by 76.2% during the fourth quarter. CIBC Asset Management Inc now owns 29,841 shares of the company’s stock worth $2,447,000 after purchasing an additional 12,908 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Hasbro by 14.3% during the fourth quarter. Bank of New York Mellon Corp now owns 1,618,256 shares of the company’s stock worth $132,697,000 after purchasing an additional 201,856 shares in the last quarter. Natixis Advisors LLC increased its position in shares of Hasbro by 2.8% during the fourth quarter. Natixis Advisors LLC now owns 415,740 shares of the company’s stock worth $34,091,000 after purchasing an additional 11,245 shares in the last quarter. AXQ Capital LP increased its position in shares of Hasbro by 304.3% during the fourth quarter. AXQ Capital LP now owns 12,993 shares of the company’s stock worth $1,065,000 after purchasing an additional 9,779 shares in the last quarter. Finally, Crestmont Private Wealth LLC increased its position in Hasbro by 5.8% in the 4th quarter. Crestmont Private Wealth LLC now owns 4,782 shares of the company’s stock valued at $392,000 after acquiring an additional 262 shares during the period. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro News Roundup

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on HAS shares. BNP Paribas Exane boosted their price target on Hasbro from $115.00 to $117.00 and gave the company an “outperform” rating in a research report on Thursday, May 21st. Wells Fargo & Company dropped their price target on Hasbro from $98.00 to $92.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 21st. Zacks Research upgraded Hasbro from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 27th. Weiss Ratings cut Hasbro from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday. Finally, Wall Street Zen cut Hasbro from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 16th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $113.64.

Hasbro Price Performance

Shares of 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 stock’s 50 day moving average is $91.91 and its two-hundred day moving average is $90.03. The firm has a market capitalization of $11.95 billion, a PE ratio of -50.89, a P/E/G ratio of 2.07 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 announced its quarterly earnings data on Wednesday, May 20th. The company reported $1.47 earnings per share for the quarter, beating 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 previous year, the company earned $1.04 EPS. The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. Research analysts anticipate that Hasbro, Inc. will post 5.96 earnings per share for the current year.

Hasbro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders 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 yield of 3.3%. The ex-dividend date of this dividend is Monday, June 1st. Hasbro’s payout ratio 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.