Wedge Capital Management L L P NC Has $34.25 Million Stock Position in Hasbro, Inc. $HAS

Wedge Capital Management L L P NC raised its position in Hasbro, Inc. (NASDAQ:HAS) by 14.7% during the second quarter, HoldingsChannel.com reports. The firm owned 414,717 shares of the company’s stock after buying an additional 53,212 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Hasbro were worth $34,251,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. CYBER HORNET ETFs LLC purchased a new stake in shares of Hasbro during the 2nd quarter worth about $25,000. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Hasbro in the 4th quarter valued at approximately $27,000. MUFG Securities EMEA plc bought a new stake in shares of Hasbro in the 2nd quarter valued at approximately $28,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Hasbro by 1,190.0% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 387 shares of the company’s stock worth $32,000 after buying an additional 357 shares during the last quarter. Finally, Cedar Mountain Advisors LLC acquired a new position in Hasbro in the first quarter worth approximately $37,000. 91.83% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Hasbro

In other news, insider John Hight sold 3,186 shares of the firm’s stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $93.71, for a total value of $298,560.06. Following the sale, the insider directly owned 67,557 shares of the company’s stock, valued at approximately $6,330,766.47. This trade represents a 4.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Gina M. Goetter sold 8,265 shares of Hasbro stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $93.96, for a total value of $776,579.40. Following the completion of the transaction, the chief financial officer owned 79,839 shares in the company, valued at $7,501,672.44. The trade was a 9.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 42,451 shares of company stock worth $3,987,379 over the last ninety days. Company insiders own 0.71% of the company’s stock.

Hasbro News Summary

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: Zacks Research raised several earnings forecasts. The firm increased its FY2026 EPS estimate to $6.11 from $5.94, Q4 2026 EPS to $1.50 from $1.42, Q2 2027 EPS to $1.35 from $1.33, Q3 2027 EPS to $2.22 from $2.07, and Q4 2027 EPS to $1.70 from $1.62. These revisions suggest expectations for improved profitability in multiple future periods.
• Positive Sentiment: Hasbro’s recent operating performance remains a supportive backdrop. The company’s latest reported quarter exceeded analyst expectations for both earnings and revenue, with revenue up 16.2% year over year, according to the company’s prior results.
• Positive Sentiment: Trading momentum has been strong. Hasbro outperformed competitors during a strong trading session, while another report noted the stock’s approximately 62% run, indicating sustained investor interest. Hasbro Inc. stock outperforms competitors on strong trading day
• Neutral Sentiment: Zacks maintained a “Hold” rating. Its current-year EPS forecast of $6.11 is close to the broader consensus estimate of $6.13, suggesting the revisions are incremental rather than a major change in the investment thesis.
• Neutral Sentiment: Hasbro launched preorders for a Transformers Optimus Prime and Autobot Jazz cereal-box set. The product supports the company’s licensing and collectibles strategy, but the immediate financial impact is likely limited. Transformers Optimus Prime and Autobot Jazz cereal box set launches pre-orders from Hasbro
• Negative Sentiment: Some forward estimates were reduced. Zacks cut Q3 2026 EPS to $1.86 from $1.88, Q1 2027 EPS to $1.26 from $1.30, and Q2 2028 EPS to $1.45 from $1.51, signaling uneven expectations for upcoming periods.
• Negative Sentiment: Valuation may limit further upside. After its strong advance, Hasbro was described as trading below fair value but has already experienced a substantial run, potentially encouraging profit-taking. Hasbro stock trades below fair value after a 62% run

Analyst Ratings Changes

A number of research firms have issued reports on HAS. Wall Street Zen cut shares of Hasbro from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Zacks Research lowered shares of Hasbro from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 13th. BNP Paribas Exane cut their price target on shares of Hasbro from $117.00 to $114.00 and set an “outperform” rating on the stock in a report on Wednesday, July 15th. Jefferies Financial Group reduced their price objective on shares of Hasbro from $120.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, July 16th. Finally, Argus upped their price objective on shares of Hasbro from $90.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Twelve analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Hasbro has a consensus rating of “Moderate Buy” and an average price target of $109.07.

Hasbro Stock Up 2.7%

Shares of Hasbro stock opened at $97.04 on Wednesday. Hasbro, Inc. has a 12-month low of $69.50 and a 12-month high of $106.98. The company has a quick ratio of 1.46, a current ratio of 1.66 and a debt-to-equity ratio of 4.16. The stock has a 50 day moving average price of $85.38 and a two-hundred day moving average price of $90.96. The stock has a market capitalization of $13.69 billion, a P/E ratio of 17.45, a PEG ratio of 1.74 and a beta of 0.47.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings data 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 business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the previous year, the company earned $1.30 earnings per share. Hasbro’s revenue for the quarter was up 16.2% on a year-over-year basis. Equities analysts expect that Hasbro, Inc. will post 6.13 earnings per share for the current year.

Hasbro Announces Dividend

The company 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. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $2.80 dividend on an annualized basis and a yield of 2.9%. Hasbro’s payout ratio is currently 50.36%.

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.