Sivia Capital Partners LLC Increases Stock Position in Hasbro, Inc. $HAS

Sivia Capital Partners LLC raised its holdings in Hasbro, Inc. (NASDAQ:HAS) by 164.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,316 shares of the company’s stock after purchasing an additional 7,040 shares during the quarter. Sivia Capital Partners LLC’s holdings in Hasbro were worth $928,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of HAS. Norges Bank purchased a new stake in shares of Hasbro during the 4th quarter worth approximately $147,748,000. Bank of America Corp DE boosted its stake in shares of Hasbro by 128.7% during 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 in the last quarter. AQR Capital Management LLC boosted its stake in shares of Hasbro by 95.7% during the 2nd quarter. AQR Capital Management LLC now owns 2,259,812 shares of the company’s stock worth $164,831,000 after acquiring an additional 1,105,004 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Hasbro by 2.7% during the 4th quarter. Vanguard Group Inc. now owns 16,976,679 shares of the company’s stock worth $1,392,088,000 after acquiring an additional 453,038 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Hasbro by 5,042.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 453,895 shares of the company’s stock worth $37,219,000 after acquiring an additional 445,068 shares in the last quarter. Hedge funds and other institutional investors own 91.83% of the company’s stock.

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

Hasbro Price Performance

HAS stock opened at $84.47 on Friday. Hasbro, Inc. has a 1 year low of $65.06 and a 1 year high of $106.98. 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 stock’s 50 day moving average price is $91.91 and its 200 day moving average price is $90.03. The firm has a market cap of $11.95 billion, a P/E ratio of -50.89, a PEG ratio of 2.07 and a beta of 0.48.

Hasbro (NASDAQ:HAS) last posted its earnings results on Wednesday, May 20th. The company reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.27. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $969.20 million. Hasbro had a positive return on equity of 174.64% and a negative net margin of 4.62%.Hasbro’s revenue was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.04 EPS. On average, sell-side analysts expect that Hasbro, Inc. will post 5.96 earnings per share for the current fiscal 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 issued a $0.70 dividend. The ex-dividend date is Monday, June 1st. This represents a $2.80 annualized dividend and a yield of 3.3%. Hasbro’s payout ratio is -168.67%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on HAS. Wells Fargo & Company decreased their price target on Hasbro from $98.00 to $92.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 21st. UBS Group upped their target price on Hasbro from $99.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. The Goldman Sachs Group upped their target price on Hasbro from $88.00 to $114.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Morgan Stanley upped their target price on Hasbro from $122.00 to $123.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. Finally, Bank of America upped their target price on Hasbro from $113.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $113.64.

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.