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

Pinnbrook Capital Management LP lessened its position in Hasbro, Inc. (NASDAQ:HAS) by 75.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 have also modified their holdings of the company. Bank of America Corp DE grew its stake in Hasbro by 128.7% in the 2nd quarter. Bank of America Corp DE now owns 2,981,423 shares of the company’s stock worth $220,089,000 after acquiring an additional 1,677,962 shares during the period. Norges Bank purchased a new position in shares of Hasbro during the 2nd quarter worth $123,710,000. AQR Capital Management LLC boosted its holdings in shares of Hasbro by 95.7% during the second quarter. AQR Capital Management LLC now owns 2,259,812 shares of the company’s stock worth $164,831,000 after purchasing an additional 1,105,004 shares during the last quarter. Mane Global Capital Management LP acquired a new stake in shares of Hasbro during the second quarter worth $77,471,000. Finally, Wedge Capital Management L L P NC purchased a new stake in shares of Hasbro in the third quarter valued at $30,608,000. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Hasbro Trading Down 1.8%

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

Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Tuesday, February 10th. The company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.52. The firm 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 firm’s quarterly revenue was up 31.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.46 earnings per share. On average, equities research analysts forecast that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 4th. Stockholders 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 dividend yield of 3.0%. Hasbro’s payout ratio is presently -119.15%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on HAS shares. Monness Crespi & Hardt upped their target price on Hasbro from $90.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Morgan Stanley lifted their price target on Hasbro from $103.00 to $119.00 and gave the company an “overweight” rating in a report on Wednesday, February 11th. JPMorgan Chase & Co. upped their price objective on shares of Hasbro from $94.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, February 11th. Weiss Ratings reiterated a “sell (d)” rating on shares of Hasbro in a report on Monday, December 29th. Finally, Roth Mkm set a $120.00 target price on shares of Hasbro in a research report on Wednesday, February 11th. Eleven investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $113.07.

Hasbro News Summary

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 Hasbro stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $100.33, for a total transaction of $19,705,915.63. Following the transaction, the chief executive officer directly owned 303,310 shares of the company’s stock, valued at $30,431,092.30. The trade was a 39.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Timothy J. Kilpin sold 7,773 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $103.00, for a total transaction of $800,619.00. Following the sale, the insider owned 36,528 shares of the company’s stock, valued at approximately $3,762,384. This represents a 17.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 413,342 shares of company stock worth $42,241,679 over the last 90 days. Company insiders own 0.85% of the company’s stock.

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.