Cooke & Bieler LP Sells 150,635 Shares of Hasbro, Inc. $HAS

Cooke & Bieler LP lessened its holdings in Hasbro, Inc. (NASDAQ:HAS) by 7.1% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,985,039 shares of the company’s stock after selling 150,635 shares during the period. Hasbro comprises approximately 1.6% of Cooke & Bieler LP’s holdings, making the stock its 21st biggest position. Cooke & Bieler LP owned approximately 1.42% of Hasbro worth $150,565,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in HAS. Clarius Group LLC raised its position in Hasbro by 0.6% in the third quarter. Clarius Group LLC now owns 23,283 shares of the company’s stock worth $1,766,000 after acquiring an additional 146 shares during the period. Kaufman Rossin Wealth LLC raised its holdings in Hasbro by 4.1% in the 3rd quarter. Kaufman Rossin Wealth LLC now owns 3,839 shares of the company’s stock worth $291,000 after purchasing an additional 151 shares during the period. Retirement Systems of Alabama raised its holdings in Hasbro by 0.5% in the 3rd quarter. Retirement Systems of Alabama now owns 28,418 shares of the company’s stock worth $2,156,000 after purchasing an additional 151 shares during the period. Visionary Horizons LLC lifted its position in Hasbro by 1.4% during the third quarter. Visionary Horizons LLC now owns 12,069 shares of the company’s stock valued at $915,000 after purchasing an additional 166 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale grew its holdings in Hasbro by 0.5% during the second quarter. DekaBank Deutsche Girozentrale now owns 34,020 shares of the company’s stock valued at $2,490,000 after purchasing an additional 167 shares during the period. 91.83% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on HAS shares. Roth Mkm set a $96.00 price objective on Hasbro and gave the company a “buy” rating in a research report on Friday, October 24th. Zacks Research lowered shares of Hasbro from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 10th. Morgan Stanley reissued an “overweight” rating and issued a $94.00 price objective on shares of Hasbro in a research note on Sunday, December 14th. Citigroup lifted their target price on shares of Hasbro from $91.00 to $97.00 and gave the company a “buy” rating in a research note on Friday, October 24th. Finally, Seaport Research Partners upgraded Hasbro to a “strong-buy” rating in a research note on Monday, November 10th. Nine investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $93.00.

Key Headlines Impacting Hasbro

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: Hasbro expanded its board with new consumer and gaming leaders, strengthening governance and bringing expertise aligned with its strategic push into gaming and consumer experiences. This can reassure investors about execution and long-term strategy. Hasbro Expands Board With New Consumer and Gaming Leaders
• Positive Sentiment: Hasbro announced product collaborations (including a Hasbro x Nintendo collection) that extend IP leverage and create cross-platform sales opportunities—potential near-term revenue and marketing lift from recognizable partnerships. The Hasbro x Nintendo Collab: From Bowser to Board Games
• Positive Sentiment: Limited-edition Transformers releases on Hasbro Pulse target collectors and direct-to-consumer margins, supporting short-term revenue and brand engagement among core fans. Transformers sweeps into Hasbro Pulse with new limited anniversary release
• Neutral Sentiment: Local political/PR fallout from Hasbro’s HQ move to Boston has prompted Rhode Island lawmakers to consider retiring Mr. Potato Head specialty license plates — a reputational story with limited direct financial impact but potential regional goodwill effects. Rhode Island may ditch Mr. Potato Head license plates after Hasbro’s move to Boston
• Negative Sentiment: Two shareholder lawsuits allege Hasbro (and CEO Chris Cocks) misled investors by overprinting Magic: The Gathering cards, which could damage MTG’s scarcity-driven value, invite regulatory scrutiny, and raise litigation costs — this is the primary catalyst for today’s stock weakness. Magic the Gathering lawsuit claims Hasbro misled investors over card production Two Hasbro shareholders are suing Chris Cocks for alleged over-printing of MTG cards

Hasbro Stock Performance

HAS opened at $88.68 on Monday. The company has a debt-to-equity ratio of 7.65, a quick ratio of 1.42 and a current ratio of 1.70. The stock has a market capitalization of $12.45 billion, a price-to-earnings ratio of -22.11, a PEG ratio of 1.59 and a beta of 0.55. The company has a fifty day moving average of $82.91 and a 200 day moving average of $79.12. Hasbro, Inc. has a fifty-two week low of $49.00 and a fifty-two week high of $89.20.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Thursday, October 23rd. The company reported $1.68 EPS for the quarter, beating the consensus estimate of $1.63 by $0.05. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.35 billion. Hasbro had a negative net margin of 12.81% and a positive return on equity of 82.17%. The business’s revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.73 EPS. As a group, sell-side analysts forecast that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Hasbro news, Director Hope F. Cochran sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $77.24, for a total transaction of $308,960.00. Following the completion of the transaction, the director owned 17,102 shares in the company, valued at $1,320,958.48. This trade represents a 18.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.85% of the company’s stock.

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.