Hasbro, Inc. $HAS Stake Lifted by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. increased its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 734.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,783 shares of the company’s stock after buying an additional 29,735 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Hasbro were worth $2,770,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in Hasbro by 24.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 744,270 shares of the company’s stock worth $56,455,000 after buying an additional 147,227 shares during the last quarter. Dorato Capital Management bought a new position in Hasbro during the 4th quarter worth $1,804,000. Crossmark Global Holdings Inc. grew its stake in Hasbro by 186.4% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 23,395 shares of the company’s stock worth $1,775,000 after buying an additional 15,225 shares during the last quarter. AGF Management Ltd. bought a new position in Hasbro during the 3rd quarter worth $895,000. Finally, Principal Financial Group Inc. grew its stake in Hasbro by 34.0% during the 3rd quarter. Principal Financial Group Inc. now owns 197,629 shares of the company’s stock worth $14,990,000 after buying an additional 50,189 shares during the last quarter. 91.83% of the stock is currently owned by institutional investors.

Hasbro Trading Up 0.4%

Shares of HAS stock opened at $84.47 on Friday. The company has a debt-to-equity ratio of 4.59, a quick ratio of 1.49 and a current ratio of 1.65. Hasbro, Inc. has a 1 year low of $65.06 and a 1 year high of $106.98. The stock has a fifty day moving average of $91.91 and a two-hundred day moving average of $90.03. The firm has a market capitalization 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.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Wednesday, May 20th. The company reported $1.47 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1 billion during the quarter, compared to analyst estimates of $969.20 million. During the same quarter in the previous year, the firm posted $1.04 EPS. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. As a group, research analysts expect that Hasbro, Inc. will post 5.96 EPS for the current year.

Hasbro Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on HAS. Roth Mkm set a $120.00 price objective on Hasbro in a research note on Wednesday, February 11th. Wall Street Zen lowered Hasbro from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 16th. Wolfe Research boosted their price target on Hasbro from $90.00 to $124.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. Bank of America boosted their price target on Hasbro from $113.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Finally, DA Davidson reiterated a “neutral” rating and set a $100.00 price target on shares of Hasbro in a research report on Thursday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Hasbro currently has an average rating of “Moderate Buy” and a consensus price target of $113.64.

Key Stories Impacting 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 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.