Savant Capital LLC Reduces Holdings in Hasbro, Inc. $HAS

Savant Capital LLC trimmed its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 92.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,437 shares of the company’s stock after selling 65,846 shares during the quarter. Savant Capital LLC’s holdings in Hasbro were worth $446,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. CYBER HORNET ETFs LLC acquired a new position in Hasbro during the second quarter worth $25,000. MUFG Securities EMEA plc acquired a new position in Hasbro during the second quarter worth $28,000. Foster Dykema Cabot & Partners LLC acquired a new position in Hasbro during the third quarter worth $34,000. Wexford Capital LP acquired a new position in Hasbro during the third quarter worth $37,000. Finally, Leonteq Securities AG acquired a new position in Hasbro during the fourth quarter worth $49,000. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Hasbro

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: Hasbro launched Sixth Wall, a new AI studio aimed at turning its iconic characters into interactive experiences and creating a new licensing channel for its intellectual property. Hasbro’s New AI Studio Looks to Bring Its Iconic Characters to Next-Generation Experiences
• Positive Sentiment: Hasbro said it will license characters into AI experiences, and reports also noted a partnership with ElevenLabs, suggesting early outside demand for the new platform. Hasbro creates a program to license its iconic characters to AI experiences
• Positive Sentiment: Coverage from multiple outlets highlighted AI-powered versions of Hasbro’s characters, reinforcing investor interest in the company’s ability to monetize legacy brands in new ways. Hasbro AI Studio Unveils Interactive AI Versions Of Iconic Characters
• Neutral Sentiment: Hasbro also promoted a nostalgia-heavy toy lineup featuring Transformers, X-Men, and Star Wars, which supports the brand but appears less likely to move the stock on its own. Hasbro’s Latest Toy Drop Is Packed With Transformers, X-Men, And Star Wars Nostalgia

Hasbro Stock Performance

Shares of Hasbro stock opened at $84.47 on Friday. Hasbro, Inc. has a 52 week low of $65.06 and a 52 week high of $106.98. The business’s fifty day simple moving average is $91.91 and its 200-day simple moving average is $90.03. The firm has a market cap of $11.95 billion, a PE ratio of -50.89, a price-to-earnings-growth ratio of 2.07 and a beta of 0.48. The company has a quick ratio of 1.49, a current ratio of 1.65 and a debt-to-equity ratio of 4.59.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Wednesday, May 20th. The company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.20 by $0.27. The business had revenue of $1 billion for 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 company’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.04 EPS. Equities analysts forecast that Hasbro, Inc. will post 5.96 earnings per share for the current year.

Hasbro Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Monday, June 1st will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $2.80 annualized dividend and a yield of 3.3%. Hasbro’s dividend payout ratio is presently -168.67%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on HAS. Zacks Research raised Hasbro from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 27th. The Goldman Sachs Group upped their price target on Hasbro from $88.00 to $114.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Citigroup decreased their price target on Hasbro from $118.00 to $114.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Wall Street Zen lowered Hasbro from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. Finally, JPMorgan Chase & Co. upped their price target on Hasbro from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, April 23rd. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $113.64.

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.