Hasbro, Inc. $HAS Shares Newly Acquired by Victory Financial Group LLC

Victory Financial Group LLC acquired a new stake in Hasbro, Inc. (NASDAQ:HAS) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 11,953 shares of the company’s stock, valued at approximately $1,048,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HAS. Mather Group LLC. increased its position in Hasbro by 19.9% during the 3rd quarter. Mather Group LLC. now owns 704 shares of the company’s stock worth $62,000 after purchasing an additional 117 shares during the period. Marathon Mission Inc. lifted its holdings in shares of Hasbro by 1.4% in the 2nd quarter. Marathon Mission Inc. now owns 9,152 shares of the company’s stock valued at $756,000 after buying an additional 128 shares during the period. Root Financial Partners LLC lifted its holdings in shares of Hasbro by 21.3% in the 1st quarter. Root Financial Partners LLC now owns 780 shares of the company’s stock valued at $73,000 after buying an additional 137 shares during the period. Severin Investments LLC lifted its holdings in shares of Hasbro by 3.1% in the 1st quarter. Severin Investments LLC now owns 4,595 shares of the company’s stock valued at $430,000 after buying an additional 137 shares during the period. Finally, Tema ETFs LLC boosted its stake in shares of Hasbro by 7.1% in the second quarter. Tema ETFs LLC now owns 2,183 shares of the company’s stock valued at $180,000 after buying an additional 145 shares in the last quarter. Institutional investors and hedge funds own 91.83% of the company’s stock.

Insider Buying and Selling

In related news, Director Elizabeth Hamren sold 1,975 shares of Hasbro stock in a transaction on Friday, August 7th. The stock was sold at an average price of $92.84, for a total transaction of $183,359.00. Following the completion of the transaction, the director directly owned 9,896 shares of the company’s stock, valued at approximately $918,744.64. The trade was a 16.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Gina Goetter sold 8,265 shares of the business’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $93.96, for a total value of $776,579.40. Following the sale, the chief financial officer owned 79,839 shares in the company, valued at approximately $7,501,672.44. The trade was a 9.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 16,286 shares of company stock valued at $1,525,733. 0.71% of the stock is owned by insiders.

Hasbro Trading Up 0.3%

Shares of Hasbro stock opened at $118.68 on Thursday. The company has a 50-day moving average of $95.34 and a two-hundred day moving average of $92.03. Hasbro, Inc. has a 12-month low of $74.78 and a 12-month high of $121.04. The company has a current ratio of 1.40, a quick ratio of 1.24 and a debt-to-equity ratio of 2.79. The stock has a market cap of $16.74 billion, a PE ratio of 17.74, a price-to-earnings-growth ratio of 1.52 and a beta of 0.45.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Tuesday, October 20th. The company reported $2.90 EPS for the quarter, topping the consensus estimate of $1.86 by $1.04. The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.48 billion. Hasbro had a return on equity of 140.60% and a net margin of 18.44%. The company’s quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.68 EPS. On average, research analysts anticipate that Hasbro, Inc. will post 6.69 EPS for the current fiscal year.

Hasbro Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 2nd. Investors of record on Wednesday, November 18th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, November 18th. Hasbro’s dividend payout ratio (DPR) is presently 41.85%.

Hasbro News Summary

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: UBS raises price target to $137: UBS maintained its Buy rating and increased its Hasbro price target from $120 to $137, citing improving fundamentals and multiple earnings-growth drivers through 2028. The more optimistic outlook may be supporting investor demand for HAS. Hasbro Earns Buy Rating as Fundamentals Improve and Price Target Rises Hasbro Has Multiple Drivers for Earnings Growth Through 2028, UBS Says
• Positive Sentiment: New digital-games leadership: Hasbro appointed Dan Ayoub, a 25-year video-game veteran and former Halo leader, as president of Wizards of the Coast and Hasbro Digital Games effective November 2. His experience could help strengthen digital execution, gaming monetization and key franchises such as Dungeons & Dragons and Magic: The Gathering. Hasbro Names Dan Ayoub President of Wizards of the Coast and Hasbro Digital Games
• Positive Sentiment: Expanding digital and collector initiatives: Hasbro is promoting an AI-generated Mr. Potato Head voiced by the late Don Rickles, launching a Play-Doh preschool YouTube series, and introducing a limited-edition adult Monopoly product. These efforts could increase engagement, licensing opportunities and direct-to-consumer appeal, though their financial contribution is not yet established. Hasbro’s AI Play Involves an AI-Generated Mr. Potato Head Hasbro Announces Play-Doh with Margo
• Neutral Sentiment: Leadership turnover bears watching: Ayoub is reportedly the third Wizards of the Coast president in fewer than five years. His appointment could improve execution, but repeated changes may raise concerns about strategic consistency. Hasbro Names Third Wizards of the Coast President in Under Five Years
• Negative Sentiment: Pawtucket relocation controversy: Hasbro CEO Chris Cocks faced criticism from Pawtucket officials and residents over comments about the city, including references to food delivery and the local talent pool as factors in the move. The dispute is primarily reputational but could weigh on employee, community and political relations. Pawtucket Mayor Criticizes Hasbro CEO

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Jefferies Financial Group dropped their price objective on Hasbro from $120.00 to $110.00 and set a “buy” rating on the stock in a report on Thursday, July 16th. Wells Fargo & Company increased their price objective on Hasbro from $90.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 21st. JPMorgan Chase & Co. reduced their target price on Hasbro from $125.00 to $111.00 and set an “overweight” rating for the company in a report on Wednesday, July 22nd. Bank of America decreased their target price on shares of Hasbro from $115.00 to $105.00 and set a “buy” rating on the stock in a research report on Thursday, July 16th. Finally, Weiss Ratings raised shares of Hasbro from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $114.93.

About Hasbro

Hasbro, Inc is a global branded entertainment company that develops and markets toys, games, entertainment experiences and consumer products. Its portfolio includes well-known brands such as Monopoly, Play-Doh, Transformers, Nerf, My Little Pony, Dungeons & Dragons and Magic: The Gathering.

The company serves consumers through a range of channels, including retail, e-commerce, digital gaming, entertainment content and licensing. Hasbro also works with third-party partners to extend its brands into film and television, apparel, publishing and other consumer products.