Hasbro, Inc. $HAS Stock: Cardinal Capital Management Raises Holdings

Cardinal Capital Management grew its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 4.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 104,457 shares of the company’s stock after purchasing an additional 4,677 shares during the quarter. Cardinal Capital Management owned approximately 0.07% of Hasbro worth $9,159,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in HAS. Strengthening Families & Communities LLC increased its stake in Hasbro by 9.6% in the third quarter. Strengthening Families & Communities LLC now owns 21,662 shares of the company’s stock valued at $1,899,000 after purchasing an additional 1,896 shares during the last quarter. 365 WMG Private Fund I Primus Fund LLC purchased a new position in Hasbro during the third quarter worth about $254,000. Nisa Investment Advisors LLC boosted its stake in Hasbro by 4.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 19,462 shares of the company’s stock worth $1,706,000 after buying an additional 875 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in Hasbro by 3.5% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 737,370 shares of the company’s stock worth $64,653,000 after buying an additional 25,077 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC grew its holdings in Hasbro by 6.7% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 2,901 shares of the company’s stock valued at $254,000 after buying an additional 182 shares during the period. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro News Summary

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: Q3 results significantly exceeded expectations. Hasbro reported approximately $1.60 billion in revenue, up 15% year over year, and adjusted EPS of $2.90 versus the $1.86 consensus estimate. Net earnings rose sharply, while Wizards of the Coast and Digital Gaming revenue increased 31% to $747.2 million. Hasbro Reports Third Quarter 2026 Financial Results
• Positive Sentiment: Magic: The Gathering reached a new milestone. Quarterly Magic revenue climbed 34% to $616.1 million, surpassing $600 million for the first time. Recent coverage describes trading cards as one of the largest and fastest-growing categories in toys and games, supporting Hasbro’s higher-margin growth profile. Hasbro Stock Surges as Magic Sales Top $600 Million
• Positive Sentiment: Management raised its outlook and expanded buybacks. Hasbro increased its constant-currency 2026 revenue-growth forecast to 7%-9%, from 5%-7%, alongside improved margin and EBITDA expectations. It also doubled its share-repurchase target, potentially boosting per-share earnings and signaling confidence in cash generation. Hasbro Raises Outlook and Doubles Buyback
• Positive Sentiment: Analyst sentiment improved. Citigroup raised its price target to $137 and assigned a “buy” rating, while BNP Paribas Exane lifted its target to $127 and reaffirmed “outperform.” The revisions indicate that analysts view the earnings momentum as more durable than previously expected.
• Neutral Sentiment: Reported revenue guidance is roughly in line with expectations. Hasbro issued FY 2026 revenue guidance of $5.0 billion-$5.1 billion versus a $5.1 billion consensus estimate. This may temper some of the enthusiasm despite the stronger constant-currency growth outlook.
• Negative Sentiment: Investors face concentration and governance risks. Coverage indicates that Magic contributes a substantial share of Hasbro’s profits, increasing dependence on trading-card demand and product execution. Separately, company insiders have reported sales but no purchases over the past six months, a potential caution signal after the stock’s rally.

Insider Activity

In other Hasbro news, insider John Hight sold 3,186 shares of Hasbro stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $93.71, for a total transaction of $298,560.06. Following the transaction, the insider directly owned 67,557 shares of the company’s stock, valued at $6,330,766.47. The trade was a 4.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Gina M. Goetter sold 8,265 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $93.96, for a total transaction of $776,579.40. Following the sale, the chief financial officer owned 79,839 shares of the company’s stock, valued at approximately $7,501,672.44. This represents a 9.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 50,472 shares of company stock worth $4,736,533. Insiders own 0.71% of the company’s stock.

Hasbro Price Performance

HAS stock opened at $114.00 on Thursday. The stock has a 50-day moving average price of $93.05 and a two-hundred day moving average price of $90.20. Hasbro, Inc. has a 12-month low of $69.50 and a 12-month high of $114.05. The company has a current ratio of 1.40, a quick ratio of 1.46 and a debt-to-equity ratio of 2.79. The company has a market cap of $16.08 billion, a PE ratio of 17.04, a price-to-earnings-growth ratio of 1.90 and a beta of 0.45.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Tuesday, October 20th. The company reported $2.90 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $1.04. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the business posted $1.68 EPS. As a group, research analysts predict that Hasbro, Inc. will post 6.14 EPS for the current year.

Hasbro Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 2nd. Stockholders of record on Wednesday, November 18th will be issued a dividend of $0.70 per share. The ex-dividend date is Wednesday, November 18th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.5%. Hasbro’s payout ratio is presently 50.36%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Hasbro from $125.00 to $111.00 and set an “overweight” rating for the company in a research note on Wednesday, July 22nd. The Goldman Sachs Group decreased their target price on shares of Hasbro from $117.00 to $115.00 and set a “buy” rating on the stock in a research report on Monday, September 21st. Citigroup boosted their target price on shares of Hasbro from $117.00 to $137.00 and gave the company a “buy” rating in a report on Wednesday. Wall Street Zen downgraded shares of Hasbro from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Finally, DA Davidson dropped their price target on shares of Hasbro from $100.00 to $95.00 and set a “neutral” rating for the company in a research report on Wednesday, July 22nd. Thirteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Hasbro currently has a consensus rating of “Moderate Buy” and a consensus price target of $114.07.

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.