Bank of New York Mellon Corp purchased a new position in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,582,892 shares of the company's stock, valued at approximately $130,731,000. Bank of New York Mellon Corp owned approximately 1.12% of Hasbro as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. University of Texas Texas AM Investment Management Co. purchased a new position in Hasbro in the 4th quarter valued at approximately $27,000. CYBER HORNET ETFs LLC acquired a new stake in shares of Hasbro in the second quarter valued at $25,000. MUFG Securities EMEA plc purchased a new position in Hasbro in the second quarter valued at $28,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Hasbro by 1,190.0% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 387 shares of the company's stock valued at $32,000 after purchasing an additional 357 shares during the period. Finally, Cedar Mountain Advisors LLC acquired a new position in Hasbro during the 1st quarter worth $37,000. 91.83% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on HAS shares. UBS Group reaffirmed a "buy" rating and issued a $120.00 price target on shares of Hasbro in a research report on Monday, July 27th. Zacks Research downgraded Hasbro from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 13th. JPMorgan Chase & Co. cut their target price on shares of Hasbro from $125.00 to $111.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 22nd. Wall Street Zen cut shares of Hasbro from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. Finally, Morgan Stanley lifted their price target on shares of Hasbro from $122.00 to $123.00 and gave the stock an "overweight" rating in a research note on Thursday, May 14th. Twelve equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Hasbro has an average rating of "Moderate Buy" and a consensus target price of $109.43.
View Our Latest Research Report on HAS
Insider Activity at Hasbro
In other news, insider John Hight sold 3,186 shares of the business's stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $93.71, for a total value of $298,560.06. Following the completion of the sale, the insider directly owned 67,557 shares of the company's stock, valued at approximately $6,330,766.47. The trade was a 4.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Timothy J. Kilpin sold 20,000 shares of the business's stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $93.12, for a total value of $1,862,400.00. Following the completion of the sale, the insider directly owned 54,229 shares of the company's stock, valued at $5,049,804.48. The trade was a 26.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 45,415 shares of company stock valued at $4,260,164 over the last quarter. 0.71% of the stock is owned by insiders.
Hasbro Price Performance
Shares of NASDAQ HAS opened at $93.54 on Monday. The stock's 50-day simple moving average is $87.12 and its 200-day simple moving average is $91.22. The firm has a market capitalization of $13.19 billion, a PE ratio of 16.82, a price-to-earnings-growth ratio of 1.71 and a beta of 0.47. Hasbro, Inc. has a fifty-two week low of $69.50 and a fifty-two week high of $106.98. The company has a debt-to-equity ratio of 4.16, a quick ratio of 1.46 and a current ratio of 1.66.
Hasbro (NASDAQ:HAS - Get Free Report) last announced its quarterly earnings results on Tuesday, July 21st. The company reported $1.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.16 by $0.12. Hasbro had a return on equity of 141.11% and a net margin of 15.97%.The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the prior year, the company posted $1.30 earnings per share. The firm's quarterly revenue was up 16.2% compared to the same quarter last year. As a group, equities research analysts forecast that Hasbro, Inc. will post 6.15 EPS for the current fiscal year.
Hasbro Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Wednesday, August 19th. Hasbro's dividend payout ratio (DPR) is 50.36%.
About Hasbro
(
Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Hasbro, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hasbro wasn't on the list.
While Hasbro currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we’ll send you MarketBeat’s list of ten stocks set to soar in Summer 2026, despite the threat of tariffs and what's happening in Iran. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
