Candriam S.C.A. Buys 11,159 Shares of Hasbro, Inc. $HAS

Candriam S.C.A. lifted its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 17.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 75,609 shares of the company’s stock after acquiring an additional 11,159 shares during the quarter. Candriam S.C.A. owned approximately 0.05% of Hasbro worth $7,077,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in HAS. CYBER HORNET ETFs LLC bought a new stake in shares of Hasbro in the 2nd quarter valued at about $25,000. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Hasbro in the 4th quarter worth approximately $27,000. MUFG Securities EMEA plc bought a new position in shares of Hasbro during the second quarter valued at approximately $28,000. Cedar Mountain Advisors LLC bought a new position in Hasbro in the first quarter worth approximately $37,000. Finally, Wexford Capital LP purchased a new stake in Hasbro during the third quarter worth $37,000. Institutional investors own 91.83% of the company’s stock.

Hasbro Price Performance

NASDAQ HAS opened at $78.96 on Monday. The firm’s fifty day simple moving average is $86.62 and its two-hundred day simple moving average is $90.31. The firm has a market capitalization of $11.17 billion, a P/E ratio of -47.57, a P/E/G ratio of 1.92 and a beta of 0.49. The company has a current ratio of 1.65, a quick ratio of 1.49 and a debt-to-equity ratio of 4.59. Hasbro, Inc. has a 12-month low of $69.50 and a 12-month high of $106.98.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Wednesday, May 13th. The company reported $1.47 EPS for the quarter, beating the consensus estimate 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 positive return on equity of 174.64% and a negative net margin of 4.62%.The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.04 EPS. Analysts forecast that Hasbro, Inc. will post 6.03 EPS for the current fiscal year.

Hasbro Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Monday, June 1st were given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Monday, June 1st. Hasbro’s dividend payout ratio (DPR) is presently -168.67%.

Analyst Upgrades and Downgrades

HAS has been the topic of several recent research reports. Wells Fargo & Company dropped their target price on Hasbro from $92.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Tuesday, June 9th. Zacks Research upgraded Hasbro from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 27th. Citigroup dropped their price objective on Hasbro from $114.00 to $101.00 and set a “buy” rating on the stock in a research report on Friday. BNP Paribas Exane lifted their target price on Hasbro from $115.00 to $117.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. Finally, JPMorgan Chase & Co. boosted 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. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $112.21.

Key Hasbro News

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 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.