Assenagon Asset Management S.A. Raises Position in Hasbro, Inc. $HAS

Assenagon Asset Management S.A. lifted its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 454.3% during the 1st quarter, Holdings Channel.com reports. The firm owned 727,407 shares of the company’s stock after acquiring an additional 596,167 shares during the period. Assenagon Asset Management S.A.’s holdings in Hasbro were worth $68,085,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Huntington National Bank increased its stake in Hasbro by 10.2% in the fourth quarter. Huntington National Bank now owns 1,233 shares of the company’s stock valued at $101,000 after purchasing an additional 114 shares during the last quarter. Signaturefd LLC grew its holdings in Hasbro by 6.4% in the 4th quarter. Signaturefd LLC now owns 2,268 shares of the company’s stock valued at $186,000 after buying an additional 137 shares during the period. Personal CFO Solutions LLC increased its stake in shares of Hasbro by 3.9% during the 4th quarter. Personal CFO Solutions LLC now owns 3,666 shares of the company’s stock valued at $301,000 after acquiring an additional 137 shares during the last quarter. United Capital Financial Advisors LLC increased its stake in shares of Hasbro by 2.2% during the 3rd quarter. United Capital Financial Advisors LLC now owns 6,500 shares of the company’s stock valued at $493,000 after acquiring an additional 139 shares during the last quarter. Finally, Federated Hermes Inc. lifted its holdings in shares of Hasbro by 2.9% during the 4th quarter. Federated Hermes Inc. now owns 5,159 shares of the company’s stock worth $423,000 after acquiring an additional 147 shares during the period. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Hasbro Stock Performance

NASDAQ HAS opened at $84.88 on Friday. The company has a debt-to-equity ratio of 4.59, a current ratio of 1.65 and a quick ratio of 1.49. Hasbro, Inc. has a 1-year low of $69.50 and a 1-year high of $106.98. The firm has a market capitalization of $12.01 billion, a P/E ratio of -51.13, a P/E/G ratio of 2.04 and a beta of 0.48. The business’s 50-day simple moving average is $89.75 and its 200-day simple moving average is $90.42.

Hasbro (NASDAQ:HAS) last posted its earnings results on Wednesday, May 13th. The company reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.27. Hasbro had a negative net margin of 4.62% and a positive return on equity of 174.64%. The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $969.20 million. During the same quarter in the prior year, the company earned $1.04 EPS. The company’s revenue was up 12.7% on a year-over-year basis. Equities analysts predict that Hasbro, Inc. will post 6.01 EPS for the current year.

Hasbro Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Monday, June 1st were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.3%. The ex-dividend date was Monday, June 1st. Hasbro’s payout ratio is currently -168.67%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on HAS. Citigroup decreased their target price on shares of Hasbro from $118.00 to $114.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Wall Street Zen lowered shares of Hasbro from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 16th. JPMorgan Chase & Co. increased their price target on shares of Hasbro from $115.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. Argus set a $105.00 price target on shares of Hasbro in a report on Friday, March 13th. Finally, BNP Paribas Exane boosted their price objective on shares of Hasbro from $115.00 to $117.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Hasbro has an average rating of “Moderate Buy” and an average price target of $113.14.

Hasbro News Summary

Here are the key news stories impacting Hasbro this week:

• Negative Sentiment: Multiple reports say Hasbro faced backlash after allegedly asking child actors to sign contracts giving the company rights to use their voices for AI, sparking criticism online and in entertainment media. Peppa Pig Owner Demands Child Actors Sign Away Voice Rights to AI
• Negative Sentiment: An open letter and follow-up coverage amplified concerns that a “major studio” was pushing children to give voice rights to AI, which could pressure Hasbro’s brand image and attract scrutiny from parents, talent groups, and regulators. Open Letter Alleges ‘Major Studio’ Demands Children Give Voices to AI
• Negative Sentiment: Additional articles framed the controversy as a broader backlash against AI use in entertainment, suggesting the issue could become a longer-running reputational overhang for Hasbro’s Peppa Pig and family-entertainment operations. Peppa Pig Contract Backlash Is the Latest Over the Use of AI in Entertainment
• Neutral Sentiment: Separately, a court update in Hasbro’s intellectual-property fight over Peppa Pig sound recordings reinforces that the brand remains protected, but this appears more like a legal maintenance item than a major new stock catalyst. Hasbro v Sconnect: High Court grants summary judgment over Wolfoo’s copying of Peppa Pig sound recordings
• Positive Sentiment: On the brighter side, BNP Paribas reiterated a bullish view on Hasbro, saying investors may be underestimating the growth and profitability of Magic: The Gathering and implying meaningful upside potential. Hasbro’s Magic Has Unlocked A 41% Stock Upside — But The Market Still Doesn’t Get It
• Positive Sentiment: Hasbro also has fresh product-related buzz with the announcement of Hasbro Games Junior Collection for multiple gaming platforms, which supports its broader licensed-content and games strategy. Hasbro Games Junior Collection announced for PS5, Xbox Series, Switch 2, PS4, Switch, and PC

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.