Great Lakes Advisors LLC Has $23.91 Million Stock Holdings in Hasbro, Inc. $HAS

Key Points

• Great Lakes Advisors LLC reduced its Hasbro stake by 11.8% in the fourth quarter, selling 39,121 shares and ending with 291,591 shares valued at about $23.9 million.
• Analysts remain broadly positive on Hasbro, with a consensus rating of “Moderate Buy” and a price target around $113.14; recent updates included higher targets from UBS and Wolfe Research, while Zacks upgraded the stock to Strong Buy.
• Hasbro’s recent earnings topped expectations, as it posted $1.47 EPS on $1.0 billion in revenue, both above estimates, and also continued returning cash to shareholders with a quarterly dividend of $0.70 per share.

Great Lakes Advisors LLC cut its position in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 11.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 291,591 shares of the company's stock after selling 39,121 shares during the period. Great Lakes Advisors LLC owned about 0.21% of Hasbro worth $23,910,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its holdings in Hasbro by 24.7% in the third quarter. JPMorgan Chase & Co. now owns 744,270 shares of the company's stock worth $56,455,000 after purchasing an additional 147,227 shares during the period. Dorato Capital Management acquired a new stake in Hasbro in the fourth quarter worth $1,804,000. Crossmark Global Holdings Inc. raised its holdings in Hasbro by 186.4% in the third quarter. Crossmark Global Holdings Inc. now owns 23,395 shares of the company's stock worth $1,775,000 after purchasing an additional 15,225 shares during the period. Aberdeen Group plc raised its holdings in Hasbro by 187.1% in the third quarter. Aberdeen Group plc now owns 23,161 shares of the company's stock worth $1,757,000 after purchasing an additional 15,095 shares during the period. Finally, OFI Invest Asset Management acquired a new stake in Hasbro in the fourth quarter worth $9,758,000. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. UBS Group increased their price objective on shares of Hasbro from $99.00 to $110.00 and gave the stock a "buy" rating in a research report on Thursday, March 5th. Zacks Research raised shares of Hasbro from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 27th. Argus set a $105.00 price objective on shares of Hasbro in a research report on Friday, March 13th. Wolfe Research increased their price objective on shares of Hasbro from $90.00 to $124.00 and gave the stock an "outperform" rating in a research report on Friday, February 13th. Finally, Citigroup lowered their price objective on shares of Hasbro from $118.00 to $114.00 and set a "buy" rating for the company in a research report on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $113.14.

Key Stories Impacting Hasbro

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: Zacks Research raised several Hasbro earnings forecasts for 2026-2028, including higher FY2026, FY2027 and FY2028 EPS estimates, while keeping a Strong-Buy rating. That kind of estimate revision can signal improving fundamentals and help lift investor sentiment. MarketBeat Hasbro stock page
• Positive Sentiment: The company’s shareholder/analyst call transcript and related coverage suggest management is continuing to emphasize its turnaround and operating execution, which may reinforce the market’s view that Hasbro is on a better earnings path. Hasbro, Inc. (HAS) Shareholder/Analyst Call Prepared Remarks Transcript
• Positive Sentiment: Hasbro announced a new collaboration with tonies® to reimagine MONOPOLY®, GUESS WHO?® and THE GAME OF LIFE® for screen-free, listening-led gaming, highlighting continued monetization of its core brands through licensing and innovation. tonies® and Hasbro Reimagine MONOPOLY®, GUESS WHO?®, and THE GAME OF LIFE®
• Positive Sentiment: Coverage around Hasbro’s AI licensing push and a new AI studio for characters like Optimus Prime and Mr. Potato Head points to additional revenue opportunities from its IP portfolio. Optimus Prime will take your call: Hasbro leans into AI-driven licensing
• Neutral Sentiment: Analyst coverage remained broadly constructive, with Hasbro described as having a “Moderate Buy” consensus, which supports the stock but does not by itself mark a major new catalyst. Hasbro, Inc. NASDAQ: HAS Given Consensus Recommendation of "Moderate Buy" by Analysts
• Neutral Sentiment: Hasbro also announced a Transformers x Jem Autobot Blaster set for SDCC 2026, which reinforces product pipeline and brand activity, though the near-term stock impact is likely limited. Hasbro announces Transformers x Jem Autobot Blaster set for SDCC 2026
• Negative Sentiment: Zacks also trimmed its Q2 2026 EPS estimate for Hasbro, suggesting some near-term earnings caution even as longer-dated forecasts improved. MarketBeat Hasbro stock page

Hasbro Stock Up 1.8%

Shares of HAS stock opened at $83.77 on Friday. The firm has a fifty day moving average of $91.17 and a 200-day moving average of $90.26. 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, Inc. has a 12-month low of $67.11 and a 12-month high of $106.98. The company has a market capitalization of $11.85 billion, a price-to-earnings ratio of -50.46, a P/E/G ratio of 2.01 and a beta of 0.48.

Hasbro (NASDAQ:HAS - Get Free Report) last released its earnings results on Wednesday, May 20th. The company reported $1.47 earnings per share for the quarter, beating 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 negative net margin of 4.62% and a positive return on equity of 174.64%. The firm's revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.04 earnings per share. As a group, equities research analysts predict that Hasbro, Inc. will post 6.01 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Monday, June 1st were given a $0.70 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $2.80 dividend on an annualized basis and a yield of 3.3%. Hasbro's dividend payout ratio (DPR) is -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.

Want to see what other hedge funds are holding HAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hasbro, Inc. (NASDAQ:HAS - Free Report).

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.