Comerica Bank Lowers Holdings in Hasbro, Inc. $HAS

Comerica Bank decreased its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 15.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 80,530 shares of the company’s stock after selling 14,839 shares during the quarter. Comerica Bank’s holdings in Hasbro were worth $6,603,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of Hasbro by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 16,976,679 shares of the company’s stock worth $1,392,088,000 after purchasing an additional 453,038 shares in the last quarter. State Street Corp increased its holdings in shares of Hasbro by 2.1% in the 2nd quarter. State Street Corp now owns 6,508,052 shares of the company’s stock worth $480,424,000 after purchasing an additional 131,678 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Hasbro by 21.9% in the 3rd quarter. Bank of America Corp DE now owns 3,633,213 shares of the company’s stock worth $275,579,000 after purchasing an additional 651,790 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Hasbro by 30.9% in the 3rd quarter. AQR Capital Management LLC now owns 2,957,648 shares of the company’s stock worth $224,338,000 after purchasing an additional 697,836 shares in the last quarter. Finally, Samlyn Capital LLC increased its holdings in shares of Hasbro by 18.9% in the 3rd quarter. Samlyn Capital LLC now owns 1,546,304 shares of the company’s stock worth $117,287,000 after purchasing an additional 245,721 shares in the last quarter. Institutional investors own 91.83% of the company’s stock.

Key Hasbro News

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: Hasbro is launching a high?end, ultra?realistic Grogu animatronic (~$599–$600), a collectible aimed at adult fans that can support higher ASPs and margins and drive franchise monetization and PR buzz. We Meet Ultimate Grogu Hasbro Is Releasing a $599 Movie?Accurate Baby Yoda USA Today: Lifelike Animatronic Grogu
• Positive Sentiment: Coverage from gaming and culture sites amplifies the product launch (Dexerto, Gizmodo, Polygon), increasing consumer awareness and media momentum that can translate into preorders and premium sales for Hasbro. Hasbro reveals ultra?realistic $600 Grogu Hasbro Wants You to Buy This $600 Grogu Polygon: $600 Grogu Animatronic
• Neutral Sentiment: Hasbro unveiled new Marvel Legends figures (Spider?Man, Hulk) ahead of a media release — routine product cadence that maintains engagement with collectors but is unlikely to move fundamentals by itself. IGN: Spider?Man Marvel Legends Figures ComicBook: Hasbro Unveils Spider?Man & Hulk
• Neutral Sentiment: Comparative coverage that mentions Hasbro alongside peers (Flexsteel comparison piece) provides sector context but contains no new company?specific catalysts. Flexsteel vs. Peers
• Negative Sentiment: A Zacks note flagged that Hasbro recently dipped more than the broader market, signaling short?term volatility and possibly profit?taking despite the company’s prior earnings beat; this could cap upside until product demand and preorder data are visible. Zacks: Why HAS Dipped

Insider Transactions at Hasbro

In related news, CFO Gina M. Goetter sold 12,429 shares of Hasbro stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $103.46, for a total value of $1,285,904.34. Following the completion of the sale, the chief financial officer owned 68,221 shares of the company’s stock, valued at $7,058,144.66. The trade was a 15.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Timothy J. Kilpin sold 7,773 shares of Hasbro stock in a transaction on Friday, February 13th. The stock was sold at an average price of $103.00, for a total value of $800,619.00. Following the completion of the sale, the insider directly owned 36,528 shares of the company’s stock, valued at $3,762,384. The trade was a 17.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 413,342 shares of company stock worth $42,241,679. 0.85% of the stock is currently owned by insiders.

Hasbro Stock Performance

Shares of HAS opened at $95.84 on Friday. The company has a debt-to-equity ratio of 4.89, a current ratio of 1.38 and a quick ratio of 1.24. Hasbro, Inc. has a one year low of $60.33 and a one year high of $106.98. The firm has a market capitalization of $13.57 billion, a P/E ratio of -40.78, a PEG ratio of 2.78 and a beta of 0.55. The business has a fifty day moving average of $94.08 and a 200 day moving average of $87.50.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Tuesday, February 10th. The company reported $1.51 EPS for the quarter, topping the consensus estimate of $0.99 by $0.52. Hasbro had a positive return on equity of 127.21% and a negative net margin of 6.86%.The company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the previous year, the company posted $0.46 earnings per share. Hasbro’s revenue was up 31.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Hasbro, Inc. will post 5.74 EPS for the current year.

Hasbro Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 4th. Investors of record on Wednesday, February 18th were issued a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, February 18th. This represents a $2.80 annualized dividend and a dividend yield of 2.9%. Hasbro’s payout ratio is presently -119.15%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. The Goldman Sachs Group lifted their target price on Hasbro from $88.00 to $114.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Monness Crespi & Hardt lifted their target price on Hasbro from $90.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. BNP Paribas Exane reduced their target price on Hasbro from $118.00 to $115.00 and set an “outperform” rating for the company in a report on Wednesday, April 1st. Wall Street Zen raised Hasbro from a “buy” rating to a “strong-buy” rating in a report on Sunday, March 15th. Finally, DA Davidson reduced their target price on Hasbro from $110.00 to $100.00 and set a “neutral” rating for the company in a report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $113.07.

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.