Dimensional Fund Advisors LP Decreases Stock Holdings in Hasbro, Inc. $HAS

Key Points

• Dimensional Fund Advisors LP trimmed its Hasbro stake by 1.6% in the first quarter, selling 38,838 shares and ending with 2.32 million shares valued at about $216.8 million.
• Hasbro’s latest earnings were strong: the company beat Q2 expectations with $1.28 EPS on $1.14 billion in revenue and raised its full-year outlook, helped by momentum in Wizards of the Coast and Magic: The Gathering.
• Wall Street remains upbeat overall, with multiple analysts reiterating Buy ratings and raising price targets, while the company also announced a $0.70 quarterly dividend payable Sept. 2.

Dimensional Fund Advisors LP lowered its stake in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 1.6% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 2,317,220 shares of the company's stock after selling 38,838 shares during the quarter. Dimensional Fund Advisors LP owned 1.64% of Hasbro worth $216,840,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. CYBER HORNET ETFs LLC acquired a new stake in shares of Hasbro in the second quarter valued at about $25,000. University of Texas Texas AM Investment Management Co. purchased a new position in Hasbro in the 4th quarter valued at about $27,000. MUFG Securities EMEA plc acquired a new stake in Hasbro in the 2nd quarter worth about $28,000. Wexford Capital LP acquired a new stake in Hasbro in the 3rd quarter worth about $37,000. Finally, Cedar Mountain Advisors LLC purchased a new position in shares of Hasbro in the first quarter valued at approximately $37,000. Hedge funds and other institutional investors own 91.83% of the company's stock.

More Hasbro News

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: Hasbro reported better-than-expected Q2 results and raised its full-year outlook, with management citing strong momentum in Wizards of the Coast, Magic: The Gathering, and consumer demand for toys and trading cards. HAS Stock On Track For Biggest One-Day Gains In Nearly 15 Months – ‘Wizards Of The Coast’ Helps Hasbro Shine In Q2
• Positive Sentiment: Argus raised its price target on Hasbro to $105 and reiterated a Buy rating, signaling confidence that the company still has meaningful upside after the post-earnings rally. Benzinga report on Argus price target increase
• Positive Sentiment: Other bullish research notes also backed the stock, including continued Buy ratings from Jefferies, UBS, and Wolfe Research, suggesting Wall Street sees earnings and guidance momentum as sustainable. TipRanks analyst note
• Positive Sentiment: Hasbro unveiled new licensed toy lines tied to The Legend of Zelda and Street Fighter, which could add incremental revenue and broaden the company’s appeal beyond traditional kids’ products. Legend of Zelda toyline reveal
• Neutral Sentiment: Hasbro is scaling back parts of its gaming ambitions after a $56 million write-down and cancellations of some future projects, but management said key titles such as Exodus and Warlock are not affected. Eurogamer article on gaming write-down
• Neutral Sentiment: Analyst coverage and options activity suggest traders are paying close attention to the post-earnings move, but some commentary still warns that valuation and margin risks remain mixed. Zacks analysis on growth and valuation

Analyst Upgrades and Downgrades

HAS has been the subject of several research reports. Roth Capital reiterated a "buy" rating on shares of Hasbro in a research report on Wednesday. JPMorgan Chase & Co. dropped their target price on shares of Hasbro from $125.00 to $111.00 and set an "overweight" rating for the company in a report on Wednesday. Morgan Stanley increased their target price on shares of Hasbro from $122.00 to $123.00 and gave the company an "overweight" rating in a research report on Thursday, May 14th. Wall Street Zen lowered shares of Hasbro from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 16th. Finally, Argus upped their price objective on shares of Hasbro from $90.00 to $105.00 and gave the company a "buy" rating in a research note on Thursday. Twelve equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $108.36.

Hasbro Price Performance

Hasbro stock opened at $87.35 on Friday. The company has a current ratio of 1.66, a quick ratio of 1.49 and a debt-to-equity ratio of 4.16. The company has a 50-day moving average price of $84.35 and a 200 day moving average price of $90.37. Hasbro, Inc. has a 12-month low of $69.50 and a 12-month high of $106.98. The stock has a market cap of $12.36 billion, a P/E ratio of 15.71, a PEG ratio of 1.64 and a beta of 0.49.

Hasbro (NASDAQ:HAS - Get Free Report) last posted its earnings results on Tuesday, July 21st. The company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.12. Hasbro had a net margin of 15.97% and a return on equity of 141.11%. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the business posted $1.30 EPS. Hasbro's revenue was up 16.2% on a year-over-year basis. Sell-side analysts anticipate that Hasbro, Inc. will post 6.1 earnings per share for the current year.

Hasbro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be issued a $0.70 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $2.80 dividend on an annualized basis and a yield of 3.2%. 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.

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.