Bank of New York Mellon Corp Sells 7,765 Shares of Hasbro, Inc. $HAS

Bank of New York Mellon Corp reduced its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 0.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,610,491 shares of the company’s stock after selling 7,765 shares during the period. Bank of New York Mellon Corp’s holdings in Hasbro were worth $150,742,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CYBER HORNET ETFs LLC acquired a new position in shares of Hasbro during the 2nd quarter valued at about $25,000. University of Texas Texas AM Investment Management Co. bought a new position in shares of Hasbro in the 4th quarter valued at approximately $27,000. MUFG Securities EMEA plc acquired a new stake in Hasbro in the 2nd quarter worth approximately $28,000. Cedar Mountain Advisors LLC acquired a new stake in Hasbro in the 1st quarter worth approximately $37,000. Finally, Wexford Capital LP bought a new stake in Hasbro during the third quarter worth approximately $37,000. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro Price Performance

HAS stock opened at $81.55 on Monday. Hasbro, Inc. has a twelve month low of $69.50 and a twelve month high of $106.98. The company has a quick ratio of 1.49, a current ratio of 1.65 and a debt-to-equity ratio of 4.59. 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. The business’s 50-day simple moving average is $85.00 and its 200 day simple moving average is $90.25.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data 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 business had revenue of $1 billion for the quarter, compared to analysts’ expectations of $969.20 million. During the same period in the previous year, the business posted $1.04 earnings per share. Hasbro’s quarterly revenue was up 12.7% on a year-over-year basis. On average, research analysts anticipate that Hasbro, Inc. will post 6.04 earnings per share for the current year.

Hasbro Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Monday, June 1st were paid a $0.70 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $2.80 dividend on an annualized basis and a yield of 3.4%. Hasbro’s payout ratio is presently -168.67%.

Hasbro News Summary

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

Analyst Ratings Changes

HAS has been the topic of several analyst reports. UBS Group reiterated a “buy” rating and set a $110.00 price target on shares of Hasbro in a report on Thursday, June 18th. Citigroup reduced their price objective 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. Wells Fargo & Company decreased their price objective 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. JPMorgan Chase & Co. raised their target price on shares of Hasbro from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, April 23rd. Finally, Bank of America dropped their target price on shares of Hasbro from $115.00 to $105.00 and set a “buy” rating on the stock in a report on Thursday. One equities 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 given a Sell rating to the stock. According to data from MarketBeat, Hasbro has a consensus rating of “Moderate Buy” and an average target price of $109.71.

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.