Owlhouse Capital LP boosted its position in Hasbro, Inc. (NASDAQ:HAS – Free Report) by 40.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,856 shares of the company’s stock after buying an additional 10,056 shares during the period. Hasbro makes up 4.3% of Owlhouse Capital LP’s holdings, making the stock its 12th biggest holding. Owlhouse Capital LP’s holdings in Hasbro were worth $3,263,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of HAS. University of Texas Texas AM Investment Management Co. bought a new position in shares of Hasbro in the 4th quarter worth about $27,000. CYBER HORNET ETFs LLC bought a new stake in Hasbro in the second quarter worth approximately $25,000. MUFG Securities EMEA plc bought a new stake in Hasbro in the second quarter worth approximately $28,000. Cedar Mountain Advisors LLC acquired a new position in Hasbro in the first quarter valued at approximately $37,000. Finally, Cassaday & Co Wealth Management LLC bought a new position in shares of Hasbro during the 1st quarter worth approximately $39,000. 91.83% of the stock is currently owned by institutional investors and hedge funds.
Trending Headlines about Hasbro
Here are the key news stories impacting Hasbro this week:
- Positive Sentiment: Argus raised its price target on Hasbro to $105 from $90 and reiterated a buy rating, implying additional upside from recent trading levels.
- Positive Sentiment: Hasbro unveiled My Little Pony: Forever Friendship, a new animated YouTube series set to premiere in early 2027, adding another way to monetize its valuable intellectual property. Article Title
- Positive Sentiment: Hasbro also expanded its licensed toy lineup with new Legend of Zelda, Transformers, and Street Fighter figure reveals, showing ongoing strength in its entertainment-driven product pipeline.
- Neutral Sentiment: Recent commentary about Hasbro’s growth strategy shifting toward “kidults” highlights the company’s effort to broaden its audience, but it is more of a strategic narrative than a near-term catalyst.
- Neutral Sentiment: Short interest data showed no meaningful change, with reported short interest at zero shares, so it does not appear to be influencing the stock today.
- Negative Sentiment: A report on Hasbro scaling back parts of its gaming ambitions after a $56 million loss could raise concerns about profitability in its gaming segment, even though some projects remain safe.
- Negative Sentiment: JPMorgan reportedly lowered its price target to $111, which may temper enthusiasm somewhat despite the target still being above the current share price.
Hasbro Stock Performance
Hasbro (NASDAQ:HAS – Get Free Report) last issued its quarterly earnings results on Tuesday, July 21st. The company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.12. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.07 billion. Hasbro had a return on equity of 141.11% and a net margin of 15.97%.Hasbro’s quarterly revenue was up 16.2% compared to the same quarter last year. During the same period last year, the company posted $1.30 earnings per share. Equities research analysts forecast that Hasbro, Inc. will post 6.13 EPS for the current fiscal year.
Hasbro Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Wednesday, August 19th. Hasbro’s dividend payout ratio (DPR) is currently 50.36%.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on HAS. BNP Paribas Exane cut their target price on shares of Hasbro from $117.00 to $114.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 15th. JPMorgan Chase & Co. decreased their price target 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. Argus increased their price objective on shares of Hasbro from $90.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday. DA Davidson reduced their target price on Hasbro from $100.00 to $95.00 and set a “neutral” rating for the company in a research note on Wednesday. Finally, Wall Street Zen lowered Hasbro from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 16th. Twelve research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $108.36.
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.
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