Dimensional Fund Advisors LP Lowers Stock Position in Hasbro, Inc. $HAS

Dimensional Fund Advisors LP trimmed its stake in Hasbro, Inc. (NASDAQ:HAS) by 1.6% during the first quarter, Holdings Channel.com reports. The fund owned 2,317,220 shares of the company’s stock after selling 38,838 shares during the period. Dimensional Fund Advisors LP’s holdings in Hasbro were worth $216,840,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in HAS. University of Texas Texas AM Investment Management Co. acquired a new stake in Hasbro in the 4th quarter valued at approximately $27,000. CYBER HORNET ETFs LLC acquired a new position in Hasbro during the second quarter worth $25,000. MUFG Securities EMEA plc acquired a new position in Hasbro during the second quarter worth $28,000. Cedar Mountain Advisors LLC purchased a new position in shares of Hasbro during the first quarter worth $37,000. Finally, Park National Corp OH purchased a new position in shares of Hasbro during the first quarter worth $41,000. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Key Hasbro News

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: Hasbro reported better-than-expected Q2 results and raised its full-year outlook, with management citing strong momentum in Wizards of the Coast, Magic: The Gathering, and consumer demand for toys and trading cards. HAS Stock On Track For Biggest One-Day Gains In Nearly 15 Months – ‘Wizards Of The Coast’ Helps Hasbro Shine In Q2
• Positive Sentiment: Argus raised its price target on Hasbro to $105 and reiterated a Buy rating, signaling confidence that the company still has meaningful upside after the post-earnings rally. Benzinga report on Argus price target increase
• Positive Sentiment: Other bullish research notes also backed the stock, including continued Buy ratings from Jefferies, UBS, and Wolfe Research, suggesting Wall Street sees earnings and guidance momentum as sustainable. TipRanks analyst note
• Positive Sentiment: Hasbro unveiled new licensed toy lines tied to The Legend of Zelda and Street Fighter, which could add incremental revenue and broaden the company’s appeal beyond traditional kids’ products. Legend of Zelda toyline reveal
• Neutral Sentiment: Hasbro is scaling back parts of its gaming ambitions after a $56 million write-down and cancellations of some future projects, but management said key titles such as Exodus and Warlock are not affected. Eurogamer article on gaming write-down
• Neutral Sentiment: Analyst coverage and options activity suggest traders are paying close attention to the post-earnings move, but some commentary still warns that valuation and margin risks remain mixed. Zacks analysis on growth and valuation

Hasbro Stock Down 1.9%

Shares of NASDAQ HAS opened at $87.35 on Friday. The stock has a market cap of $12.36 billion, a P/E ratio of 15.71, a PEG ratio of 1.64 and a beta of 0.49. The business’s fifty day simple moving average is $84.35 and its 200-day simple moving average is $90.37. Hasbro, Inc. has a 12-month low of $69.50 and a 12-month high of $106.98. The company has a current ratio of 1.66, a quick ratio of 1.49 and a debt-to-equity ratio of 4.16.

Hasbro (NASDAQ:HAS) last released its earnings results on Tuesday, July 21st. The company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.16 by $0.12. Hasbro had a return on equity of 141.11% and a net margin of 15.97%.The firm had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the previous year, the firm posted $1.30 EPS. Hasbro’s revenue for the quarter was up 16.2% on a year-over-year basis. As a group, equities analysts predict that Hasbro, Inc. will post 6.1 EPS for the current fiscal year.

Hasbro Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.2%. Hasbro’s payout ratio is currently -168.67%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Bank of America cut their price objective on Hasbro from $115.00 to $105.00 and set a “buy” rating on the stock in a report on Thursday, July 16th. Jefferies Financial Group dropped their target price on Hasbro from $120.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday, July 16th. DA Davidson cut their price target on shares of Hasbro from $100.00 to $95.00 and set a “neutral” rating on the stock in a research note on Wednesday. UBS Group reissued a “buy” rating and set a $110.00 price target on shares of Hasbro in a research report on Thursday, June 18th. Finally, Citigroup reissued a “buy” rating on shares of Hasbro in a research note on Thursday. Twelve analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Hasbro currently has an average rating of “Moderate Buy” and a consensus target price of $108.36.

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.