Hasbro, Inc. $HAS Shares Purchased by Candriam S.C.A.

Candriam S.C.A. increased its position in Hasbro, Inc. (NASDAQ:HAS) by 17.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,609 shares of the company’s stock after acquiring an additional 11,159 shares during the period. Candriam S.C.A.’s holdings in Hasbro were worth $7,077,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HAS. CYBER HORNET ETFs LLC purchased a new position in shares of Hasbro in the second quarter worth about $25,000. University of Texas Texas AM Investment Management Co. purchased a new stake in Hasbro in the fourth quarter valued at approximately $27,000. MUFG Securities EMEA plc purchased a new stake in Hasbro in the second quarter valued at approximately $28,000. Cedar Mountain Advisors LLC purchased a new stake in Hasbro in the first quarter valued at approximately $37,000. Finally, Wexford Capital LP acquired a new position in Hasbro in the 3rd quarter worth approximately $37,000. Institutional investors and hedge funds own 91.83% of the company’s stock.

Wall Street Analysts Forecast Growth

HAS has been the subject of a number of recent research reports. Bank of America raised their price target on shares of Hasbro from $113.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Citigroup cut their price objective on shares of Hasbro from $114.00 to $101.00 and set a “buy” rating on the stock in a research note on Friday. JPMorgan Chase & Co. raised their target price on shares of Hasbro from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, April 23rd. Weiss Ratings downgraded shares of Hasbro from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, June 1st. Finally, Wall Street Zen lowered shares of Hasbro from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 16th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Hasbro currently has an average rating of “Moderate Buy” and a consensus price target of $112.21.

Hasbro News Summary

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: Hasbro unveiled Blooms by Play-Doh, a new adult-focused product line that expands the iconic brand beyond kids’ toys and could open a fresh revenue stream. Hasbro Introduces Blooms by Play-Doh, A New Creative Experience Designed for Adults
• Positive Sentiment: Hasbro also highlighted a Transformers crossover strategy, including a first-of-its-kind multipack and a Transformers x Scooby-Doo figure, reinforcing its ability to monetize beloved brands through new collectibles and fan-driven products. Hasbro Reveals a First-of-Its-Kind Transformers Multipack [EXCLUSIVE]
• Neutral Sentiment: Hasbro continues to lean into its “aging up” strategy, using influencers and adult-oriented branding to broaden Play-Doh’s appeal; the concept is promising, but execution risk remains after an earlier adult Play-Doh effort fell short. Hasbro’s ‘Aging Up’ Strategy Continues With a Reattempt at Adult Play-Doh
• Neutral Sentiment: Citigroup lowered its price target on Hasbro (HAS) to $101 from $114, but maintained a Buy rating, signaling confidence in upside even after the cut. Benzinga

Hasbro Price Performance

Shares of NASDAQ HAS opened at $78.96 on Monday. The stock has a market capitalization of $11.17 billion, a price-to-earnings ratio of -47.57, a PEG ratio of 1.92 and a beta of 0.49. Hasbro, Inc. has a 12 month low of $69.50 and a 12 month high of $106.98. The firm’s 50 day simple moving average is $86.62 and its 200-day simple moving average is $90.31. 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 (NASDAQ:HAS) last posted its earnings results on Wednesday, May 13th. The company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $969.20 million. During the same period in the previous year, the business posted $1.04 EPS. The business’s revenue was up 12.7% compared to the same quarter last year. Analysts expect that Hasbro, Inc. will post 6.03 EPS for the current year.

Hasbro Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Monday, June 1st were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Monday, June 1st. Hasbro’s dividend payout ratio is presently -168.67%.

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.