Pinnbrook Capital Management LP Cuts Stake in Hasbro, Inc. $HAS

Pinnbrook Capital Management LP lessened its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 75.4% during the third quarter, HoldingsChannel reports. The firm owned 40,033 shares of the company’s stock after selling 122,893 shares during the period. Pinnbrook Capital Management LP’s holdings in Hasbro were worth $3,037,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of HAS. CYBER HORNET ETFs LLC acquired a new stake in shares of Hasbro in the second quarter valued at about $25,000. MUFG Securities EMEA plc purchased a new stake in shares of Hasbro during the second quarter valued at approximately $28,000. First Horizon Corp acquired a new position in shares of Hasbro during the third quarter worth $29,000. Foster Dykema Cabot & Partners LLC acquired a new position in shares of Hasbro during the third quarter worth $34,000. Finally, Mather Group LLC. purchased a new position in shares of Hasbro in the third quarter valued at $39,000. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Key Hasbro News

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: CEO pledge to avoid generative AI in Magic: The Gathering and Dungeons & Dragons preserves brand integrity and reduces risk of community backlash or IP/legal issues — a defensive move that may protect long-term franchise value. Hasbro’s CEO Says ‘Magic: The Gathering’ and ‘Dungeons & Dragons’ Will Never Use Generative AI
• Positive Sentiment: Product pipeline update: Hasbro revealed a new Transformers “Grimlock” Studio Series Titan-class figure — incremental merchandising and collector product news that supports toy/IP revenue streams. Transformers: Age of Extinction Grimlock Studio Series figure revealed by Hasbro
• Neutral Sentiment: Wells Fargo initiated coverage of HAS — initiations can move stock depending on the published rating and price target; investors should check the note for guidance. Wells Fargo & Company Initiates Coverage on Hasbro
• Neutral Sentiment: CEO’s public response to anti–Harry Potter activists signals management’s willingness to defend key franchises — relevant to brand reputation but unlikely to move fundamentals materially. Hasbro CEO tells anti-Harry Potter activists to kick rocks!
• Neutral Sentiment: Analyst commentary: recent write-ups note HAS is down since the earnings report — useful context for momentum traders but not a new company development. Hasbro (HAS) Down 11% Since Last Earnings Report
• Negative Sentiment: Pawtucket job fair signals uncertainty and potential layoffs tied to Hasbro’s departure — raises near-term restructuring risk, local costs and employee-impact headlines that can pressure sentiment. Pawtucket to hold job fair for Hasbro workers, despite not knowing how many jobs will be lost
• Negative Sentiment: Completed $400M senior notes offering increases net debt and leverage at a time when Hasbro already shows high debt-to-equity — could weigh on credit metrics, interest expense and investor risk premium. Hasbro Completes $400 Million Senior Notes Offering

Insider Transactions at Hasbro

In other Hasbro news, CEO Christian P. Cocks sold 196,411 shares of the stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $100.33, for a total transaction of $19,705,915.63. Following the transaction, the chief executive officer owned 303,310 shares of the company’s stock, valued at $30,431,092.30. This trade represents a 39.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Timothy J. Kilpin sold 7,773 shares of the stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $103.00, for a total value of $800,619.00. Following the transaction, the insider directly owned 36,528 shares in the company, valued at approximately $3,762,384. This represents a 17.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 413,342 shares of company stock valued at $42,241,679 over the last ninety days. 0.85% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company assumed coverage on shares of Hasbro in a research note on Wednesday. They set an “equal weight” rating and a $98.00 price target on the stock. Argus set a $105.00 price objective on shares of Hasbro in a research report on Friday. Roth Mkm set a $120.00 target price on Hasbro in a research note on Wednesday, February 11th. Jefferies Financial Group lifted their target price on Hasbro from $95.00 to $112.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Finally, BNP Paribas Exane initiated coverage on Hasbro in a report on Wednesday, February 25th. They issued an “outperform” rating and a $118.00 price target for the company. Eleven research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $113.07.

Hasbro Trading Down 1.8%

HAS opened at $93.40 on Friday. Hasbro, Inc. has a 12-month low of $49.00 and a 12-month high of $106.98. The company has a debt-to-equity ratio of 4.89, a current ratio of 1.38 and a quick ratio of 1.24. The stock has a market capitalization of $13.14 billion, a PE ratio of -39.74 and a beta of 0.54. The firm’s fifty day moving average price is $94.03 and its 200 day moving average price is $83.82.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Tuesday, February 10th. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.52. The company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.26 billion. Hasbro had a negative net margin of 6.86% and a positive return on equity of 127.21%. The firm’s revenue for the quarter was up 31.3% compared to the same quarter last year. During the same period last year, the business earned $0.46 EPS. As a group, research analysts expect that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 4th. Investors of record on Wednesday, February 18th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Wednesday, February 18th. Hasbro’s dividend payout ratio (DPR) is -119.15%.

About Hasbro

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.