Hasbro, Inc. $HAS Stock Holdings Lifted by Sellaronda Global Management LP

Sellaronda Global Management LP boosted its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 8.6% in the first quarter, HoldingsChannel reports. The institutional investor owned 190,000 shares of the company’s stock after acquiring an additional 15,000 shares during the quarter. Hasbro makes up approximately 11.7% of Sellaronda Global Management LP’s holdings, making the stock its 4th biggest holding. Sellaronda Global Management LP’s holdings in Hasbro were worth $17,784,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. CYBER HORNET ETFs LLC purchased a new position in shares of Hasbro in the second quarter valued at about $25,000. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Hasbro during the fourth quarter worth about $27,000. MUFG Securities EMEA plc bought a new stake in shares of Hasbro in the second quarter worth about $28,000. Cedar Mountain Advisors LLC purchased a new position in Hasbro during the 1st quarter valued at about $37,000. Finally, Wexford Capital LP purchased a new position in Hasbro during the 3rd quarter valued at about $37,000. Institutional investors own 91.83% of the company’s stock.

Hasbro News Summary

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: Hasbro reported better-than-expected Q2 results and raised its full-year outlook, with management citing strong momentum in Wizards of the Coast, Magic: The Gathering, and consumer demand for toys and trading cards. HAS Stock On Track For Biggest One-Day Gains In Nearly 15 Months – ‘Wizards Of The Coast’ Helps Hasbro Shine In Q2
• Positive Sentiment: Argus raised its price target on Hasbro to $105 and reiterated a Buy rating, signaling confidence that the company still has meaningful upside after the post-earnings rally. Benzinga report on Argus price target increase
• Positive Sentiment: Other bullish research notes also backed the stock, including continued Buy ratings from Jefferies, UBS, and Wolfe Research, suggesting Wall Street sees earnings and guidance momentum as sustainable. TipRanks analyst note
• Positive Sentiment: Hasbro unveiled new licensed toy lines tied to The Legend of Zelda and Street Fighter, which could add incremental revenue and broaden the company’s appeal beyond traditional kids’ products. Legend of Zelda toyline reveal
• Neutral Sentiment: Hasbro is scaling back parts of its gaming ambitions after a $56 million write-down and cancellations of some future projects, but management said key titles such as Exodus and Warlock are not affected. Eurogamer article on gaming write-down
• Neutral Sentiment: Analyst coverage and options activity suggest traders are paying close attention to the post-earnings move, but some commentary still warns that valuation and margin risks remain mixed. Zacks analysis on growth and valuation

Hasbro Price Performance

HAS opened at $87.35 on Friday. The company has a current ratio of 1.66, a quick ratio of 1.49 and a debt-to-equity ratio of 4.16. The company has a market cap of $12.36 billion, a price-to-earnings ratio of 15.71, a price-to-earnings-growth ratio of 1.64 and a beta of 0.49. The stock has a fifty day simple moving average of $84.35 and a two-hundred day simple moving average of $90.37. Hasbro, Inc. has a 12-month low of $69.50 and a 12-month high of $106.98.

Hasbro (NASDAQ:HAS) last released its earnings results on Tuesday, July 21st. The company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.12. Hasbro had a net margin of 15.97% and a return on equity of 141.11%. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the prior year, the firm earned $1.30 EPS. The company’s revenue was up 16.2% compared to the same quarter last year. Research analysts predict that Hasbro, Inc. will post 6.1 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Wednesday, August 19th. Hasbro’s payout ratio is -168.67%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. DA Davidson dropped their price objective on Hasbro from $100.00 to $95.00 and set a “neutral” rating for the company in a report on Wednesday. Argus upped their target price on Hasbro from $90.00 to $105.00 and gave the company a “buy” rating in a report on Thursday. Wells Fargo & Company dropped their price target on Hasbro from $92.00 to $85.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 9th. Citigroup reiterated a “buy” rating on shares of Hasbro in a report on Thursday. Finally, Wall Street Zen downgraded shares of Hasbro from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. Twelve analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Hasbro presently has a consensus rating of “Moderate Buy” and a consensus target price of $108.36.

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.