Hasbro, Inc. $HAS Stock Holdings Trimmed by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 0.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,610,491 shares of the company’s stock after selling 7,765 shares during the period. Bank of New York Mellon Corp owned approximately 1.14% of Hasbro worth $150,742,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of HAS. Vanguard Group Inc. lifted its holdings in Hasbro by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 16,976,679 shares of the company’s stock valued at $1,392,088,000 after acquiring an additional 453,038 shares during the last quarter. State Street Corp grew its stake in shares of Hasbro by 2.1% in the 2nd quarter. State Street Corp now owns 6,508,052 shares of the company’s stock worth $480,424,000 after purchasing an additional 131,678 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Hasbro by 47.3% in the 4th quarter. AQR Capital Management LLC now owns 4,357,147 shares of the company’s stock worth $357,286,000 after purchasing an additional 1,399,499 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Hasbro by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 3,661,020 shares of the company’s stock worth $299,700,000 after purchasing an additional 122,592 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in Hasbro by 21.9% during the third quarter. Bank of America Corp DE now owns 3,633,213 shares of the company’s stock valued at $275,579,000 after purchasing an additional 651,790 shares during the last quarter. 91.83% of the stock is currently owned by institutional investors.

Hasbro Price Performance

Shares of NASDAQ:HAS opened at $81.55 on Monday. The firm has a 50 day simple moving average of $85.00 and a 200 day simple moving average of $90.25. Hasbro, Inc. has a 52 week low of $69.50 and a 52 week high of $106.98. The company has a debt-to-equity ratio of 4.59, a quick ratio of 1.49 and a current ratio of 1.65. The company has a market cap of $11.54 billion, a PE ratio of -49.13, a price-to-earnings-growth ratio of 2.02 and a beta of 0.49.

Hasbro (NASDAQ:HAS) last released its earnings results on Wednesday, May 13th. The company reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.27. Hasbro had a positive return on equity of 174.64% and a negative net margin of 4.62%.The company had revenue of $1 billion during the quarter, compared to analyst estimates of $969.20 million. During the same quarter in the prior year, the company earned $1.04 earnings per share. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. As a group, research analysts expect that Hasbro, Inc. will post 6.04 earnings per share for the current year.

Hasbro Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Monday, June 1st were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Monday, June 1st. Hasbro’s dividend payout ratio (DPR) is currently -168.67%.

Trending Headlines about Hasbro

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: Hasbro announced a licensing partnership with Nintendo to produce The Legend of Zelda toys and related products, with the first reveal coming soon and products expected to roll out starting in 2027. The deal could strengthen Hasbro’s collectibles and action-figure business by tying it to one of gaming’s most valuable franchises. Article Title
• Positive Sentiment: Hasbro also unveiled new KPop Demon Hunters role-playing toys, signaling continued momentum in licensing-driven product launches that can help refresh the company’s toy lineup and broaden its appeal. Article Title
• Positive Sentiment: Hasbro’s partnership with Get After It Media on a new streaming channel suggests the company is expanding beyond toys into media and digital content, which could create additional brand exposure and monetization opportunities. Article Title
• Neutral Sentiment: Investors are also watching Hasbro ahead of its second-quarter earnings report on July 21, after the company beat expectations in the prior quarter. The upcoming results should be a key catalyst for the stock. Article Title
• Negative Sentiment: On the cautious side, Zacks Research trimmed several long-term earnings estimates for Hasbro and kept a Hold rating, which may temper enthusiasm even though the changes were small. Article Title

Wall Street Analyst Weigh In

A number of analysts recently weighed in on HAS shares. Wells Fargo & Company reduced their target price on shares of Hasbro from $92.00 to $85.00 and set an “equal weight” rating for the company in a report on Tuesday, June 9th. BNP Paribas Exane dropped their price target on Hasbro from $117.00 to $114.00 and set an “outperform” rating on the stock in a report on Wednesday, July 15th. UBS Group reiterated a “buy” rating and set a $110.00 price objective on shares of Hasbro in a research report on Thursday, June 18th. Wall Street Zen lowered Hasbro from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. Finally, Citigroup decreased their target price on Hasbro from $114.00 to $101.00 and set a “buy” rating on the stock in a report on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $109.71.

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.