Cooke & Bieler LP Sells 275,038 Shares of Hasbro, Inc. $HAS

Cooke & Bieler LP lessened its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 23.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 898,957 shares of the company’s stock after selling 275,038 shares during the quarter. Cooke & Bieler LP’s holdings in Hasbro were worth $78,821,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in HAS. BlackRock Inc. purchased a new position in shares of Hasbro in the 2nd quarter valued at $2,204,689,000. Bank of America Corp DE bought a new position in shares of Hasbro in the 2nd quarter worth $289,258,000. Amundi lifted its stake in shares of Hasbro by 21.1% during the 1st quarter. Amundi now owns 1,699,565 shares of the company’s stock worth $159,079,000 after purchasing an additional 296,277 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Hasbro during the 2nd quarter worth $130,731,000. Finally, Epoch Investment Partners Inc. lifted its stake in shares of Hasbro by 1.0% during the 1st quarter. Epoch Investment Partners Inc. now owns 1,174,077 shares of the company’s stock worth $109,894,000 after purchasing an additional 12,182 shares during the last quarter. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

More Hasbro News

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: Q3 results significantly exceeded expectations. Hasbro reported approximately $1.60 billion in revenue, up 15% year over year, and adjusted EPS of $2.90 versus the $1.86 consensus estimate. Net earnings rose sharply, while Wizards of the Coast and Digital Gaming revenue increased 31% to $747.2 million. Hasbro Reports Third Quarter 2026 Financial Results
• Positive Sentiment: Magic: The Gathering reached a new milestone. Quarterly Magic revenue climbed 34% to $616.1 million, surpassing $600 million for the first time. Recent coverage describes trading cards as one of the largest and fastest-growing categories in toys and games, supporting Hasbro’s higher-margin growth profile. Hasbro Stock Surges as Magic Sales Top $600 Million
• Positive Sentiment: Management raised its outlook and expanded buybacks. Hasbro increased its constant-currency 2026 revenue-growth forecast to 7%-9%, from 5%-7%, alongside improved margin and EBITDA expectations. It also doubled its share-repurchase target, potentially boosting per-share earnings and signaling confidence in cash generation. Hasbro Raises Outlook and Doubles Buyback
• Positive Sentiment: Analyst sentiment improved. Citigroup raised its price target to $137 and assigned a “buy” rating, while BNP Paribas Exane lifted its target to $127 and reaffirmed “outperform.” The revisions indicate that analysts view the earnings momentum as more durable than previously expected.
• Neutral Sentiment: Reported revenue guidance is roughly in line with expectations. Hasbro issued FY 2026 revenue guidance of $5.0 billion-$5.1 billion versus a $5.1 billion consensus estimate. This may temper some of the enthusiasm despite the stronger constant-currency growth outlook.
• Negative Sentiment: Investors face concentration and governance risks. Coverage indicates that Magic contributes a substantial share of Hasbro’s profits, increasing dependence on trading-card demand and product execution. Separately, company insiders have reported sales but no purchases over the past six months, a potential caution signal after the stock’s rally.

Analyst Ratings Changes

Several research firms have issued reports on HAS. BNP Paribas Exane reiterated an “outperform” rating and issued a $127.00 target price (up from $116.00) on shares of Hasbro in a research note on Wednesday. Weiss Ratings upgraded shares of Hasbro from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 15th. Wells Fargo & Company increased their price target on shares of Hasbro from $90.00 to $100.00 and gave the company an “equal weight” rating in a research report on Wednesday. Argus raised their price target on shares of Hasbro from $90.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Finally, UBS Group set a $125.00 price target on shares of Hasbro in a report on Wednesday. Thirteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $114.07.

Insiders Place Their Bets

In related news, insider Timothy J. Kilpin sold 20,000 shares of the stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $93.12, for a total value of $1,862,400.00. Following the completion of the transaction, the insider directly owned 54,229 shares of the company’s stock, valued at $5,049,804.48. This trade represents a 26.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Elizabeth Hamren sold 1,975 shares of Hasbro stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $92.84, for a total transaction of $183,359.00. Following the completion of the sale, the director owned 9,896 shares of the company’s stock, valued at $918,744.64. This trade represents a 16.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 50,472 shares of company stock valued at $4,736,533. 0.71% of the stock is currently owned by corporate insiders.

Hasbro Stock Performance

Shares of HAS stock opened at $114.00 on Thursday. Hasbro, Inc. has a 12-month low of $69.50 and a 12-month high of $114.05. The business’s fifty day simple moving average is $93.05 and its 200-day simple moving average is $90.20. The company has a current ratio of 1.40, a quick ratio of 1.46 and a debt-to-equity ratio of 2.79. The company has a market cap of $16.08 billion, a PE ratio of 15.30, a PEG ratio of 1.90 and a beta of 0.45.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Tuesday, October 20th. The company reported $2.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $1.04. Hasbro had a return on equity of 140.60% and a net margin of 18.44%. The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter last year, the firm earned $1.68 EPS. The business’s quarterly revenue was up 15.0% on a year-over-year basis. Analysts expect that Hasbro, Inc. will post 6.14 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 2nd. Shareholders of record on Wednesday, November 18th will be paid a $0.70 dividend. The ex-dividend date is Wednesday, November 18th. This represents a $2.80 dividend on an annualized basis and a yield of 2.5%. Hasbro’s dividend payout ratio (DPR) is 50.36%.

About Hasbro

Hasbro, Inc is a global branded entertainment company that develops and markets toys, games, entertainment experiences and consumer products. Its portfolio includes well-known brands such as Monopoly, Play-Doh, Transformers, Nerf, My Little Pony, Dungeons & Dragons and Magic: The Gathering.

The company serves consumers through a range of channels, including retail, e-commerce, digital gaming, entertainment content and licensing. Hasbro also works with third-party partners to extend its brands into film and television, apparel, publishing and other consumer products.