Cannell & Spears LLC Acquires Shares of 81,606 Hasbro, Inc. $HAS

Cannell & Spears LLC acquired a new stake in Hasbro, Inc. (NASDAQ:HAS) in the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 81,606 shares of the company’s stock, valued at approximately $6,190,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Hasbro by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 16,574,471 shares of the company’s stock valued at $1,223,527,000 after purchasing an additional 110,433 shares during the last quarter. State Street Corp lifted its position in Hasbro by 2.1% in the second quarter. State Street Corp now owns 6,508,052 shares of the company’s stock worth $480,424,000 after buying an additional 131,678 shares during the last quarter. Bank of America Corp DE lifted its position in Hasbro by 21.9% in the third quarter. Bank of America Corp DE now owns 3,633,213 shares of the company’s stock worth $275,579,000 after buying an additional 651,790 shares during the last quarter. AQR Capital Management LLC boosted its stake in Hasbro by 30.9% during the third quarter. AQR Capital Management LLC now owns 2,957,648 shares of the company’s stock worth $224,338,000 after buying an additional 697,836 shares during the period. Finally, Marshall Wace LLP boosted its stake in Hasbro by 15.1% during the second quarter. Marshall Wace LLP now owns 2,634,857 shares of the company’s stock worth $194,505,000 after buying an additional 346,637 shares during the period. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Hasbro Stock Performance

HAS stock opened at $93.40 on Monday. The company has a quick ratio of 1.24, a current ratio of 1.38 and a debt-to-equity ratio of 4.89. The business’s fifty day simple moving average is $94.03 and its two-hundred day simple moving average is $83.86. Hasbro, Inc. has a twelve month low of $49.00 and a twelve month high of $106.98. The firm has a market cap of $13.14 billion, a price-to-earnings ratio of -39.74 and a beta of 0.54.

Hasbro (NASDAQ:HAS) last released its earnings results 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 business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.26 billion. Hasbro had a positive return on equity of 127.21% and a negative net margin of 6.86%.The business’s revenue for the quarter was up 31.3% compared to the same quarter last year. During the same period last year, the company earned $0.46 earnings per share. Analysts predict that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Announces Dividend

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

Key Stories Impacting Hasbro

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. DA Davidson increased their target price on shares of Hasbro from $80.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, February 11th. Argus set a $105.00 price target on shares of Hasbro in a research note on Friday. BNP Paribas Exane initiated coverage on shares of Hasbro in a report on Wednesday, February 25th. They set an “outperform” rating and a $118.00 price target on the stock. JPMorgan Chase & Co. increased their price objective on shares of Hasbro from $94.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 11th. Finally, Wall Street Zen raised shares of Hasbro from a “buy” rating to a “strong-buy” rating in a research report on Sunday. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $113.07.

Insider Activity at Hasbro

In other Hasbro news, CFO Gina M. Goetter sold 12,429 shares of the business’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $103.46, for a total value of $1,285,904.34. Following the completion of the sale, the chief financial officer directly owned 68,221 shares of the company’s stock, valued at $7,058,144.66. The trade was a 15.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Timothy J. Kilpin sold 7,773 shares of the company’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $103.00, for a total transaction of $800,619.00. Following the completion of the transaction, the insider owned 36,528 shares in the company, valued at $3,762,384. This represents a 17.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 413,342 shares of company stock valued at $42,241,679 in the last quarter. Corporate insiders own 0.85% of the company’s stock.

Hasbro Company 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.