Dorsey Wright & Associates Boosts Holdings in Hasbro, Inc. $HAS

Dorsey Wright & Associates lifted its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 276.3% during the first quarter, Holdings Channel reports. The firm owned 15,827 shares of the company’s stock after acquiring an additional 11,621 shares during the quarter. Dorsey Wright & Associates’ holdings in Hasbro were worth $1,481,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in HAS. Assetmark Inc. increased its position in Hasbro by 3.2% in the 1st quarter. Assetmark Inc. now owns 35,357 shares of the company’s stock valued at $3,309,000 after acquiring an additional 1,103 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Hasbro by 5.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,765 shares of the company’s stock worth $515,000 after acquiring an additional 303 shares during the period. Wealthfront Advisers LLC lifted its position in Hasbro by 15.4% during the 1st quarter. Wealthfront Advisers LLC now owns 4,518 shares of the company’s stock worth $423,000 after acquiring an additional 603 shares during the period. D.A. Davidson & CO. grew its stake in shares of Hasbro by 7.1% in the 1st quarter. D.A. Davidson & CO. now owns 19,180 shares of the company’s stock valued at $1,795,000 after purchasing an additional 1,268 shares during the last quarter. Finally, Illinois Municipal Retirement Fund grew its stake in shares of Hasbro by 57.3% in the 1st quarter. Illinois Municipal Retirement Fund now owns 65,408 shares of the company’s stock valued at $6,122,000 after purchasing an additional 23,815 shares during the last quarter. 91.83% of the stock is owned by institutional investors and hedge funds.

Hasbro News Roundup

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 Trading Down 0.7%

Shares of HAS stock opened at $81.55 on Friday. The business’s fifty day moving average price is $85.00 and its 200 day moving average price is $90.20. The firm has a market capitalization of $11.54 billion, a PE ratio of -49.13, a P/E/G ratio of 2.00 and a beta of 0.49. 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.

Hasbro (NASDAQ:HAS) last issued its earnings results on Wednesday, May 13th. The company reported $1.47 earnings per share for the quarter, topping the consensus estimate 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 negative net margin of 4.62% and a positive return on equity of 174.64%. The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.04 earnings per share. As a group, sell-side analysts forecast that Hasbro, Inc. will post 6.04 EPS for the current fiscal year.

Hasbro Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Monday, June 1st were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Monday, June 1st. Hasbro’s payout ratio is -168.67%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on HAS shares. Weiss Ratings cut shares of Hasbro from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, June 1st. Wells Fargo & Company reduced their target price on shares of Hasbro from $92.00 to $85.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 9th. Jefferies Financial Group lowered their target price on shares of Hasbro from $120.00 to $110.00 and set a “buy” rating on the stock in a report on Thursday. Wall Street Zen lowered shares of Hasbro from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. Finally, BNP Paribas Exane cut their price target on shares of Hasbro from $117.00 to $114.00 and set an “outperform” rating for the company in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus 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.