AIA Group Ltd Acquires 15,307 Shares of Hasbro, Inc. $HAS

AIA Group Ltd grew its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 23.4% during the 1st quarter, HoldingsChannel reports. The fund owned 80,789 shares of the company’s stock after acquiring an additional 15,307 shares during the quarter. AIA Group Ltd’s holdings in Hasbro were worth $7,562,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Dorato Capital Management bought a new position in Hasbro in the fourth quarter worth $1,804,000. Howard Capital Management Inc. bought a new stake in shares of Hasbro during the 4th quarter valued at $964,000. OFI Invest Asset Management purchased a new stake in shares of Hasbro in the 4th quarter worth about $9,758,000. Oak Thistle LLC purchased a new stake in shares of Hasbro in the 4th quarter worth about $1,140,000. Finally, Nomura Asset Management Co. Ltd. increased its stake in shares of Hasbro by 734.6% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 33,783 shares of the company’s stock worth $2,770,000 after acquiring an additional 29,735 shares in the last quarter. 91.83% of the stock is currently owned by institutional investors.

More Hasbro News

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

Analysts Set New Price Targets

Several equities research analysts recently commented on HAS shares. JPMorgan Chase & Co. boosted their price objective on shares of Hasbro from $115.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. Citigroup decreased their target price on shares of Hasbro from $114.00 to $101.00 and set a “buy” rating for the company in a research note on Friday, July 10th. Morgan Stanley lifted their target price on shares of Hasbro from $122.00 to $123.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Wells Fargo & Company cut their price target on Hasbro from $92.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Tuesday, June 9th. Finally, Roth Capital reduced their price objective on Hasbro from $120.00 to $100.00 and set a “buy” rating for the company in a research report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $109.71.

Hasbro Stock Performance

Hasbro stock opened at $81.55 on Monday. 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, Inc. has a one year low of $69.50 and a one year high of $106.98. The stock has a market capitalization 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. The business’s fifty day moving average is $85.00 and its 200 day moving average is $90.25.

Hasbro (NASDAQ:HAS) last issued its earnings results on Wednesday, May 13th. The company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.27. The business 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%.Hasbro’s revenue was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.04 EPS. On average, sell-side analysts predict that Hasbro, Inc. will post 6.04 EPS for the current year.

Hasbro Announces Dividend

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