Natixis Advisors LLC Acquires 11,245 Shares of Hasbro, Inc. $HAS

Natixis Advisors LLC increased its holdings in Hasbro, Inc. (NASDAQ:HAS) by 2.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 415,740 shares of the company’s stock after purchasing an additional 11,245 shares during the period. Natixis Advisors LLC’s holdings in Hasbro were worth $34,091,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of HAS. AXQ Capital LP boosted its holdings in Hasbro by 304.3% during the fourth quarter. AXQ Capital LP now owns 12,993 shares of the company’s stock valued at $1,065,000 after acquiring an additional 9,779 shares during the period. Crestmont Private Wealth LLC boosted its holdings in Hasbro by 5.8% during the fourth quarter. Crestmont Private Wealth LLC now owns 4,782 shares of the company’s stock valued at $392,000 after acquiring an additional 262 shares during the period. New Mexico Educational Retirement Board boosted its holdings in Hasbro by 3.4% during the fourth quarter. New Mexico Educational Retirement Board now owns 6,109 shares of the company’s stock valued at $501,000 after acquiring an additional 200 shares during the period. Nomura Asset Management Co. Ltd. boosted its holdings in Hasbro by 734.6% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 33,783 shares of the company’s stock valued at $2,770,000 after acquiring an additional 29,735 shares during the period. Finally, MUFG Securities EMEA plc boosted its holdings in Hasbro by 114.4% during the fourth quarter. MUFG Securities EMEA plc now owns 5,468 shares of the company’s stock valued at $448,000 after acquiring an additional 2,918 shares during the period. 91.83% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

HAS has been the subject of several research reports. Roth Mkm set a $120.00 target price on shares of Hasbro in a research note on Wednesday, February 11th. Wolfe Research increased their price target 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. BNP Paribas Exane increased their price target on shares of Hasbro from $115.00 to $117.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. Morgan Stanley increased their price target on shares of Hasbro from $122.00 to $123.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. Finally, DA Davidson reissued a “neutral” rating and issued a $100.00 price target on shares of Hasbro in a research report on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $113.64.

Hasbro Price Performance

Shares of HAS stock opened at $84.47 on Friday. Hasbro, Inc. has a 52-week low of $65.06 and a 52-week high of $106.98. The stock has a market cap of $11.95 billion, a PE ratio of -50.89, a PEG ratio of 2.07 and a beta of 0.48. The company has a debt-to-equity ratio of 4.59, a quick ratio of 1.49 and a current ratio of 1.65. The firm’s 50 day moving average price is $91.91 and its two-hundred day moving average price is $90.03.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Wednesday, May 20th. The company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.27. The company had revenue of $1 billion for the quarter, compared to analysts’ expectations of $969.20 million. Hasbro had a negative net margin of 4.62% and a positive return on equity of 174.64%. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period last year, the firm posted $1.04 earnings per share. As a group, analysts forecast that Hasbro, Inc. will post 5.96 EPS for the current year.

Hasbro Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Monday, June 1st will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.3%. The ex-dividend date is Monday, June 1st. Hasbro’s payout ratio is presently -168.67%.

Trending Headlines about Hasbro

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: Hasbro launched Sixth Wall, a new AI studio aimed at turning its iconic characters into interactive experiences and creating a new licensing channel for its intellectual property. Hasbro’s New AI Studio Looks to Bring Its Iconic Characters to Next-Generation Experiences
• Positive Sentiment: Hasbro said it will license characters into AI experiences, and reports also noted a partnership with ElevenLabs, suggesting early outside demand for the new platform. Hasbro creates a program to license its iconic characters to AI experiences
• Positive Sentiment: Coverage from multiple outlets highlighted AI-powered versions of Hasbro’s characters, reinforcing investor interest in the company’s ability to monetize legacy brands in new ways. Hasbro AI Studio Unveils Interactive AI Versions Of Iconic Characters
• Neutral Sentiment: Hasbro also promoted a nostalgia-heavy toy lineup featuring Transformers, X-Men, and Star Wars, which supports the brand but appears less likely to move the stock on its own. Hasbro’s Latest Toy Drop Is Packed With Transformers, X-Men, And Star Wars Nostalgia

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.