Hasbro, Inc. $HAS is Valley Wealth Managers Inc.’s 7th Largest Position

Valley Wealth Managers Inc. lowered its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 3.5% in the first quarter, Holdings Channel reports. The firm owned 320,301 shares of the company’s stock after selling 11,680 shares during the quarter. Hasbro accounts for 1.9% of Valley Wealth Managers Inc.’s investment portfolio, making the stock its 7th biggest holding. Valley Wealth Managers Inc.’s holdings in Hasbro were worth $29,980,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. CYBER HORNET ETFs LLC acquired a new position in Hasbro in the second quarter valued at $25,000. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Hasbro during the fourth quarter worth about $27,000. MUFG Securities EMEA plc acquired a new stake in shares of Hasbro during the second quarter worth about $28,000. Cedar Mountain Advisors LLC purchased a new position in shares of Hasbro during the first quarter worth about $37,000. Finally, Wexford Capital LP purchased a new position in shares of Hasbro during the third quarter worth about $37,000. 91.83% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HAS has been the subject of several analyst reports. Bank of America reduced their price objective on Hasbro from $115.00 to $105.00 and set a “buy” rating for the company in a research note on Thursday. Roth Capital lowered their target price on Hasbro from $120.00 to $100.00 and set a “buy” rating on the stock in a research note on Tuesday, July 14th. BNP Paribas Exane dropped their target price on Hasbro from $117.00 to $114.00 and set an “outperform” rating on the stock in a report on Wednesday. UBS Group reaffirmed a “buy” rating and set a $110.00 price target on shares of Hasbro in a report on Thursday, June 18th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Hasbro from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. One 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, Hasbro presently has a consensus rating of “Moderate Buy” and a consensus target price of $109.71.

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

Hasbro Stock Performance

NASDAQ HAS opened at $81.55 on Friday. The company has a current ratio of 1.65, a quick ratio of 1.49 and a debt-to-equity ratio of 4.59. The business’s 50 day moving average is $85.00 and its two-hundred day moving average is $90.20. Hasbro, Inc. has a 12-month low of $69.50 and a 12-month high of $106.98. The stock has a market capitalization of $11.54 billion, a price-to-earnings ratio of -49.13, a PEG ratio of 1.98 and a beta of 0.49.

Hasbro (NASDAQ:HAS) last issued its earnings results on Wednesday, May 13th. The company reported $1.47 earnings per share (EPS) 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 the consensus estimate 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 revenue for the quarter was up 12.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.04 EPS. Research analysts expect that Hasbro, Inc. will post 6.04 EPS for the current year.

Hasbro Announces Dividend

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