Hasbro, Inc. $HAS Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its position in Hasbro, Inc. (NASDAQ:HAS) by 24.7% in the 3rd quarter, Holdings Channel reports. The fund owned 744,270 shares of the company’s stock after purchasing an additional 147,227 shares during the period. JPMorgan Chase & Co.’s holdings in Hasbro were worth $56,455,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. CYBER HORNET ETFs LLC acquired a new stake in shares of Hasbro during the second quarter worth $25,000. MUFG Securities EMEA plc acquired a new position in Hasbro in the second quarter valued at $28,000. First Horizon Corp acquired a new position in Hasbro in the third quarter valued at $29,000. Foster Dykema Cabot & Partners LLC purchased a new position in Hasbro during the third quarter worth about $34,000. Finally, Wexford Capital LP purchased a new position in Hasbro during the third quarter worth about $37,000. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the company. Monness Crespi & Hardt lifted their price target on Hasbro from $90.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Jefferies Financial Group increased their price objective on shares of Hasbro from $95.00 to $112.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Wolfe Research boosted their target price on shares of Hasbro from $90.00 to $124.00 and gave the company an “outperform” rating in a report on Friday, February 13th. BNP Paribas Exane assumed coverage on shares of Hasbro in a research note on Wednesday, February 25th. They set an “outperform” rating and a $118.00 price objective for the company. Finally, Roth Mkm set a $120.00 target price on Hasbro in a report on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $113.07.

Key Headlines Impacting Hasbro

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: Opened a flagship 600,000‑sq‑ft U.S. distribution center in Midway, Georgia — the company says the facility (leased/developed and branded by Hasbro) will boost omni‑channel distribution, support Hasbro Pulse DTC and retail fulfillment, and improve speed/efficiency across North America; GXO’s GXO IQ automation will be used. Hasbro Celebrates Grand Opening of Midway, Georgia Distribution Center
• Positive Sentiment: Hasbro continues to monetize IP via Hollywood: Amazon MGM/Chernin are developing a feature film adaptation of the board game “The Game of Life” (Sean Anders directing, Allan Loeb writing). Film and streaming deals expand Hasbro’s entertainment pipeline and create cross‑sell, licensing and marketing upside for core brands. ‘The Game Of Life’ Movie In The Works From Amazon MGM, Chernin And Hasbro With Sean Anders Directing And Allan Loeb Writing
• Neutral Sentiment: Product/brand marketing: Hasbro released a G.I. Joe: Classified Series Duke action figure tied to America’s 250th birthday — useful for category engagement but unlikely to move shares materially. G.I. Joe: Classified Series celebrates America’s 250th Birthday with Duke action figure
• Neutral Sentiment: Local footprint shift: the company is opening the Georgia warehouse as it prepares to leave Rhode Island — this may reduce logistics costs and centralize distribution, but could create transitional expenses and local/regulatory scrutiny. Hasbro opens 600,000-square-foot warehouse as it prepares to leave Rhode Island
• Negative Sentiment: Shares are underperforming peers and slipped in recent sessions — market reports note HAS lagged competitors and fell more steeply than the broader market, reflecting near‑term investor caution despite recent earnings beats. High leverage (reported debt/equity) and short‑term technical weakness (50‑day SMA above the current price) may add pressure. Hasbro Inc. stock underperforms Wednesday when compared to competitors Hasbro (HAS) Falls More Steeply Than Broader Market

Insider Activity at Hasbro

In other news, insider Timothy J. Kilpin sold 7,773 shares of the company’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $103.00, for a total value of $800,619.00. Following the sale, the insider owned 36,528 shares in the company, valued at approximately $3,762,384. This represents a 17.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Christian P. Cocks sold 196,411 shares of the business’s stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $100.33, for a total value of $19,705,915.63. Following the completion of the sale, the chief executive officer owned 303,310 shares of the company’s stock, valued at $30,431,092.30. This trade represents a 39.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 413,342 shares of company stock worth $42,241,679 over the last three months. 0.85% of the stock is owned by corporate insiders.

Hasbro Stock Performance

Hasbro stock opened at $91.36 on Friday. The company has a debt-to-equity ratio of 4.89, a quick ratio of 1.24 and a current ratio of 1.38. Hasbro, Inc. has a one year low of $49.00 and a one year high of $106.98. The stock’s 50 day moving average price is $94.43 and its 200 day moving average price is $84.12. The firm has a market capitalization of $12.85 billion, a PE ratio of -38.88 and a beta of 0.54.

Hasbro (NASDAQ:HAS) last posted its earnings results on Tuesday, February 10th. The company reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.52. The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Hasbro had a negative net margin of 6.86% and a positive return on equity of 127.21%. The business’s revenue for the quarter was up 31.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.46 earnings per share. As a group, sell-side analysts expect that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Wednesday, February 18th were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Wednesday, February 18th. Hasbro’s dividend payout ratio is presently -119.15%.

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.