Castleark Management LLC Raises Stake in Hasbro, Inc. $HAS

Castleark Management LLC increased its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 29.9% in the first quarter, Holdings Channel reports. The firm owned 94,701 shares of the company’s stock after acquiring an additional 21,800 shares during the period. Castleark Management LLC’s holdings in Hasbro were worth $8,864,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. CYBER HORNET ETFs LLC acquired a new position in Hasbro during the second quarter valued at approximately $25,000. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Hasbro in the fourth quarter worth $27,000. MUFG Securities EMEA plc acquired a new stake in shares of Hasbro in the second quarter worth $28,000. Cedar Mountain Advisors LLC purchased a new position in shares of Hasbro in the 1st quarter valued at $37,000. Finally, Wexford Capital LP purchased a new position in shares of Hasbro in the 3rd quarter valued at $37,000. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Hasbro Stock Performance

NASDAQ HAS opened at $88.79 on Monday. The stock has a market cap of $12.56 billion, a P/E ratio of 15.97, a PEG ratio of 1.63 and a beta of 0.49. The company’s fifty day simple moving average is $84.22 and its 200-day simple moving average is $90.39. The company has a current ratio of 1.66, a quick ratio of 1.46 and a debt-to-equity ratio of 4.16. Hasbro, Inc. has a 52 week low of $69.50 and a 52 week high of $106.98.

Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Tuesday, July 21st. The company reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.12. Hasbro had a net margin of 15.97% and a return on equity of 141.11%. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period last year, the business earned $1.30 EPS. The business’s revenue was up 16.2% on a year-over-year basis. Equities research analysts predict that Hasbro, Inc. will post 6.13 EPS for the current fiscal year.

Hasbro Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be paid a dividend of $0.70 per share. The ex-dividend date is Wednesday, August 19th. This represents a $2.80 annualized dividend and a dividend yield of 3.2%. Hasbro’s dividend payout ratio (DPR) is currently 50.36%.

Key Headlines Impacting Hasbro

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: Argus raised its price target on Hasbro to $105 from $90 and reiterated a buy rating, implying additional upside from recent trading levels.
• Positive Sentiment: Hasbro unveiled My Little Pony: Forever Friendship, a new animated YouTube series set to premiere in early 2027, adding another way to monetize its valuable intellectual property. Article Title
• Positive Sentiment: Hasbro also expanded its licensed toy lineup with new Legend of Zelda, Transformers, and Street Fighter figure reveals, showing ongoing strength in its entertainment-driven product pipeline.
• Neutral Sentiment: Recent commentary about Hasbro’s growth strategy shifting toward “kidults” highlights the company’s effort to broaden its audience, but it is more of a strategic narrative than a near-term catalyst.
• Neutral Sentiment: Short interest data showed no meaningful change, with reported short interest at zero shares, so it does not appear to be influencing the stock today.
• Negative Sentiment: A report on Hasbro scaling back parts of its gaming ambitions after a $56 million loss could raise concerns about profitability in its gaming segment, even though some projects remain safe.
• Negative Sentiment: JPMorgan reportedly lowered its price target to $111, which may temper enthusiasm somewhat despite the target still being above the current share price.

Analysts Set New Price Targets

Several research firms recently weighed in on HAS. Wall Street Zen lowered shares of Hasbro from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 16th. Roth Capital reissued a “buy” rating on shares of Hasbro in a research report on Wednesday. Argus boosted their price objective on Hasbro from $90.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday. Wells Fargo & Company decreased their target price on Hasbro from $92.00 to $85.00 and set an “equal weight” rating for the company in a research report on Tuesday, June 9th. Finally, DA Davidson lowered their target price on Hasbro from $100.00 to $95.00 and set a “neutral” rating for the company in a research note on Wednesday. Twelve 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’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $108.36.

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.