Contravisory Investment Management Inc. Has $1.07 Million Holdings in Hasbro, Inc. $HAS

Contravisory Investment Management Inc. grew its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 9,799.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,384 shares of the company’s stock after buying an additional 11,269 shares during the quarter. Contravisory Investment Management Inc.’s holdings in Hasbro were worth $1,066,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Fifth Third Wealth Advisors LLC bought a new stake in Hasbro during the 1st quarter worth approximately $312,000. Assenagon Asset Management S.A. increased its holdings in Hasbro by 454.3% during the 1st quarter. Assenagon Asset Management S.A. now owns 727,407 shares of the company’s stock valued at $68,085,000 after purchasing an additional 596,167 shares in the last quarter. SG Americas Securities LLC increased its holdings in Hasbro by 11.0% during the 1st quarter. SG Americas Securities LLC now owns 190,441 shares of the company’s stock valued at $17,825,000 after purchasing an additional 18,920 shares in the last quarter. Park National Corp OH bought a new position in Hasbro in the 1st quarter valued at $41,000. Finally, Diversified Trust Co bought a new position in Hasbro in the 1st quarter valued at $335,000. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro News Summary

Here are the key news stories impacting Hasbro this week:

• Negative Sentiment: Multiple reports say Hasbro faced backlash after allegedly asking child actors to sign contracts giving the company rights to use their voices for AI, sparking criticism online and in entertainment media. Peppa Pig Owner Demands Child Actors Sign Away Voice Rights to AI
• Negative Sentiment: An open letter and follow-up coverage amplified concerns that a “major studio” was pushing children to give voice rights to AI, which could pressure Hasbro’s brand image and attract scrutiny from parents, talent groups, and regulators. Open Letter Alleges ‘Major Studio’ Demands Children Give Voices to AI
• Negative Sentiment: Additional articles framed the controversy as a broader backlash against AI use in entertainment, suggesting the issue could become a longer-running reputational overhang for Hasbro’s Peppa Pig and family-entertainment operations. Peppa Pig Contract Backlash Is the Latest Over the Use of AI in Entertainment
• Neutral Sentiment: Separately, a court update in Hasbro’s intellectual-property fight over Peppa Pig sound recordings reinforces that the brand remains protected, but this appears more like a legal maintenance item than a major new stock catalyst. Hasbro v Sconnect: High Court grants summary judgment over Wolfoo’s copying of Peppa Pig sound recordings
• Positive Sentiment: On the brighter side, BNP Paribas reiterated a bullish view on Hasbro, saying investors may be underestimating the growth and profitability of Magic: The Gathering and implying meaningful upside potential. Hasbro’s Magic Has Unlocked A 41% Stock Upside — But The Market Still Doesn’t Get It
• Positive Sentiment: Hasbro also has fresh product-related buzz with the announcement of Hasbro Games Junior Collection for multiple gaming platforms, which supports its broader licensed-content and games strategy. Hasbro Games Junior Collection announced for PS5, Xbox Series, Switch 2, PS4, Switch, and PC

Hasbro Trading Up 1.9%

Shares of NASDAQ HAS opened at $84.88 on Friday. The company’s 50 day simple moving average is $89.75 and its 200 day simple moving average is $90.42. Hasbro, Inc. has a fifty-two week low of $69.50 and a fifty-two week high of $106.98. The firm has a market capitalization of $12.01 billion, a P/E ratio of -51.13, a P/E/G ratio of 2.04 and a beta of 0.48. 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 released its earnings results on Wednesday, May 13th. The company reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.27. The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $969.20 million. Hasbro had a negative net margin of 4.62% and a positive return on equity of 174.64%. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.04 EPS. On average, analysts predict that Hasbro, Inc. will post 6.01 EPS for the current year.

Hasbro Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Monday, June 1st were given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Monday, June 1st. Hasbro’s dividend payout ratio (DPR) is currently -168.67%.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Wells Fargo & Company decreased their target price on Hasbro from $92.00 to $85.00 and set an “equal weight” rating on the stock in a report on Tuesday, June 9th. Morgan Stanley lifted their price target on Hasbro from $122.00 to $123.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Wall Street Zen downgraded shares of Hasbro from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 16th. UBS Group reissued a “buy” rating and set a $110.00 price objective on shares of Hasbro in a report on Thursday, June 18th. Finally, BNP Paribas Exane raised their price objective on shares of Hasbro from $115.00 to $117.00 and gave the company an “outperform” rating in a research report on Thursday, May 21st. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $113.14.

Hasbro Company 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.