Owlhouse Capital LP Purchases 10,056 Shares of Hasbro, Inc. $HAS

Owlhouse Capital LP increased its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 40.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,856 shares of the company’s stock after buying an additional 10,056 shares during the period. Hasbro accounts for approximately 4.3% of Owlhouse Capital LP’s investment portfolio, making the stock its 12th biggest position. Owlhouse Capital LP’s holdings in Hasbro were worth $3,263,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Hasbro during the fourth quarter worth approximately $147,748,000. Bank of America Corp DE increased its holdings in shares of Hasbro by 128.7% in the second quarter. Bank of America Corp DE now owns 2,981,423 shares of the company’s stock valued at $220,089,000 after purchasing an additional 1,677,962 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Hasbro by 47.3% in the fourth quarter. AQR Capital Management LLC now owns 4,357,147 shares of the company’s stock valued at $357,286,000 after purchasing an additional 1,399,499 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of Hasbro by 454.3% during the 1st quarter. Assenagon Asset Management S.A. now owns 727,407 shares of the company’s stock worth $68,085,000 after buying an additional 596,167 shares during the last quarter. Finally, NewEdge Wealth LLC acquired a new stake in shares of Hasbro during the 1st quarter worth about $47,671,000. Institutional investors and hedge funds own 91.83% of the company’s stock.

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.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Weiss Ratings lowered shares of Hasbro from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, June 1st. Jefferies Financial Group cut their price objective on shares of Hasbro from $120.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday, July 16th. BNP Paribas Exane reduced their price objective on Hasbro from $117.00 to $114.00 and set an “outperform” rating for the company in a report on Wednesday, July 15th. JPMorgan Chase & Co. lowered their target price on Hasbro from $125.00 to $111.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 22nd. Finally, Wall Street Zen cut Hasbro from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 16th. Twelve equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $108.36.

Hasbro Stock Performance

NASDAQ HAS opened at $88.79 on Monday. The company has a market capitalization of $12.56 billion, a P/E ratio of 15.97, a P/E/G ratio of 1.63 and a beta of 0.49. Hasbro, Inc. has a 12-month low of $69.50 and a 12-month high of $106.98. The company has a quick ratio of 1.46, a current ratio of 1.66 and a debt-to-equity ratio of 4.16. The firm has a 50-day moving average price of $84.22 and a two-hundred day moving average price of $90.39.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Tuesday, July 21st. The company reported $1.28 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $1.07 billion. During the same quarter in the prior year, the business posted $1.30 earnings per share. Hasbro’s revenue was up 16.2% compared to the same quarter last year. Analysts anticipate that Hasbro, Inc. will post 6.13 earnings per share for the current year.

Hasbro Announces Dividend

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

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.