Hasbro (NASDAQ:HAS) Sets New 1-Year High on Earnings Beat

Key Points

• Hasbro reported a substantial earnings beat: Quarterly EPS came in at $2.90 versus the $1.86 consensus, while revenue rose 15% year over year to $1.60 billion, exceeding estimates of $1.48 billion.
• Magic: The Gathering and digital gaming drove growth: Magic revenue increased 34% to a record $616.1 million, while Wizards of the Coast and Digital Gaming revenue rose 31% to $747.2 million.
• Shares reached a new 52-week high as management raised its outlook: Hasbro now expects 2026 constant-currency revenue growth of 7% to 9%, doubled its stock-repurchase target, and maintained its $0.70 quarterly dividend. Analysts hold a “Moderate Buy” consensus rating with an average price target of $110.64.

Shares of Hasbro, Inc. (NASDAQ:HAS - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday following a better than expected earnings announcement. The company traded as high as $108.30 and last traded at $104.1460, with a volume of 1,796,892 shares. The stock had previously closed at $98.49.

The company reported $2.90 earnings per share for the quarter, beating analysts' consensus estimates of $1.86 by $1.04. Hasbro had a net margin of 15.97% and a return on equity of 141.11%. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the prior year, the firm earned $1.68 earnings per share. The firm's revenue for the quarter was up 15.0% compared to the same quarter last year.

More Hasbro News

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: Significant earnings and revenue beat: Hasbro reported quarterly EPS of $2.90, well above the $1.86 analyst consensus, while revenue rose 15% year over year to approximately $1.60 billion versus expectations of $1.48 billion. Profit also increased sharply from the prior-year period. Hasbro Tops Q3 Earnings and Revenue Estimates
• Positive Sentiment: Magic: The Gathering led growth: Magic revenue climbed 34% to a record $616.1 million. Wizards of the Coast and Digital Gaming revenue increased 31% to $747.2 million, highlighting strong demand for digital games and collectible products. Hasbro Q3 2026 Earnings
• Positive Sentiment: Full-year outlook raised: Management now expects constant-currency revenue growth of 7% to 9% in 2026, up from its previous 5% to 7% forecast. Hasbro also doubled its stock-repurchase target and maintained its $0.70 quarterly dividend, supporting shareholder returns. Hasbro Raises 2026 Outlook and Buyback Target
• Neutral Sentiment: Consumer Products also grew: Consumer Products revenue rose 4%, while Entertainment revenue increased 9%. These gains broaden the quarter’s strength beyond Magic, although the company remains heavily reliant on Wizards of the Coast and Digital Gaming for growth.
• Negative Sentiment: Insider and options signals are cautious: Reported insider activity showed selling but no purchases over the past six months, while put-option volume surged on October 19. These signals may weigh on sentiment despite the strong fundamental results.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Bank of America cut their price target on Hasbro from $115.00 to $105.00 and set a "buy" rating for the company in a report on Thursday, July 16th. Argus lifted their price target on shares of Hasbro from $90.00 to $105.00 and gave the stock a "buy" rating in a research note on Thursday, July 23rd. The Goldman Sachs Group decreased their price target on Hasbro from $117.00 to $115.00 and set a "buy" rating for the company in a research note on Monday, September 21st. Wells Fargo & Company raised their price target on Hasbro from $85.00 to $90.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 20th. Finally, Citigroup boosted their price objective on Hasbro from $107.00 to $117.00 and gave the company a "buy" rating in a report on Tuesday, October 13th. Thirteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $110.64.

Insider Buying and Selling at Hasbro

In related news, CFO Gina M. Goetter sold 8,265 shares of the stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $93.96, for a total transaction of $776,579.40. Following the completion of the sale, the chief financial officer owned 79,839 shares of the company's stock, valued at $7,501,672.44. This represents a 9.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Elizabeth Hamren sold 1,975 shares of the stock in a transaction on Friday, August 7th. The shares were sold at an average price of $92.84, for a total value of $183,359.00. Following the sale, the director owned 9,896 shares of the company's stock, valued at approximately $918,744.64. This represents a 16.64% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 50,472 shares of company stock worth $4,736,533. 0.71% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Hasbro

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Community Bank N.A. acquired a new position in Hasbro in the second quarter worth $26,000. Retirement Wealth Solutions LLC grew its holdings in shares of Hasbro by 1,741.2% during the third quarter. Retirement Wealth Solutions LLC now owns 313 shares of the company's stock worth $27,000 after purchasing an additional 296 shares during the last quarter. Pension & Wealth Management Advisors Inc. acquired a new stake in shares of Hasbro in the third quarter valued at $27,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of 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 buying an additional 357 shares in the last quarter. Finally, Cedar Mountain Advisors LLC acquired a new stake in shares of Hasbro in the first quarter valued at $37,000. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Hasbro Price Performance

The stock has a fifty day moving average of $92.42 and a 200-day moving average of $89.89. The company has a quick ratio of 1.46, a current ratio of 1.66 and a debt-to-equity ratio of 4.16. The firm has a market capitalization of $14.47 billion, a P/E ratio of 18.46, a PEG ratio of 1.71 and a beta of 0.45.

Hasbro Company Profile

Hasbro, Inc is a global branded entertainment company that develops and markets toys, games, entertainment experiences and consumer products. Its portfolio includes well-known brands such as Monopoly, Play-Doh, Transformers, Nerf, My Little Pony, Dungeons & Dragons and Magic: The Gathering.

The company serves consumers through a range of channels, including retail, e-commerce, digital gaming, entertainment content and licensing. Hasbro also works with third-party partners to extend its brands into film and television, apparel, publishing and other consumer products.

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