Hasbro, Inc. $HAS Shares Bought by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC lifted its position in Hasbro, Inc. (NASDAQ:HAS) by 14.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 414,717 shares of the company’s stock after buying an additional 53,212 shares during the period. Wedge Capital Management L L P NC owned approximately 0.29% of Hasbro worth $34,251,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Tema ETFs LLC grew its holdings in Hasbro by 7.1% during the second quarter. Tema ETFs LLC now owns 2,183 shares of the company’s stock worth $180,000 after acquiring an additional 145 shares during the period. Handelsbanken Fonder AB boosted its position in shares of Hasbro by 8.2% during the 2nd quarter. Handelsbanken Fonder AB now owns 42,000 shares of the company’s stock valued at $3,469,000 after purchasing an additional 3,200 shares in the last quarter. Salvus Wealth Management LLC boosted its position in shares of Hasbro by 14.9% during the 2nd quarter. Salvus Wealth Management LLC now owns 5,297 shares of the company’s stock valued at $437,000 after purchasing an additional 687 shares in the last quarter. Bay Rivers Group grew its stake in shares of Hasbro by 29.2% in the 2nd quarter. Bay Rivers Group now owns 3,275 shares of the company’s stock worth $270,000 after purchasing an additional 740 shares during the last quarter. Finally, Contravisory Investment Management Inc. raised its holdings in shares of Hasbro by 2.0% in the 2nd quarter. Contravisory Investment Management Inc. now owns 11,614 shares of the company’s stock worth $959,000 after purchasing an additional 230 shares in the last quarter. Institutional investors and hedge funds own 91.83% of the company’s stock.

Key Stories Impacting Hasbro

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: Zacks Research raised several earnings forecasts. The firm increased its FY2026 EPS estimate to $6.11 from $5.94, Q4 2026 EPS to $1.50 from $1.42, Q2 2027 EPS to $1.35 from $1.33, Q3 2027 EPS to $2.22 from $2.07, and Q4 2027 EPS to $1.70 from $1.62. These revisions suggest expectations for improved profitability in multiple future periods.
• Positive Sentiment: Hasbro’s recent operating performance remains a supportive backdrop. The company’s latest reported quarter exceeded analyst expectations for both earnings and revenue, with revenue up 16.2% year over year, according to the company’s prior results.
• Positive Sentiment: Trading momentum has been strong. Hasbro outperformed competitors during a strong trading session, while another report noted the stock’s approximately 62% run, indicating sustained investor interest. Hasbro Inc. stock outperforms competitors on strong trading day
• Neutral Sentiment: Zacks maintained a “Hold” rating. Its current-year EPS forecast of $6.11 is close to the broader consensus estimate of $6.13, suggesting the revisions are incremental rather than a major change in the investment thesis.
• Neutral Sentiment: Hasbro launched preorders for a Transformers Optimus Prime and Autobot Jazz cereal-box set. The product supports the company’s licensing and collectibles strategy, but the immediate financial impact is likely limited. Transformers Optimus Prime and Autobot Jazz cereal box set launches pre-orders from Hasbro
• Negative Sentiment: Some forward estimates were reduced. Zacks cut Q3 2026 EPS to $1.86 from $1.88, Q1 2027 EPS to $1.26 from $1.30, and Q2 2028 EPS to $1.45 from $1.51, signaling uneven expectations for upcoming periods.
• Negative Sentiment: Valuation may limit further upside. After its strong advance, Hasbro was described as trading below fair value but has already experienced a substantial run, potentially encouraging profit-taking. Hasbro stock trades below fair value after a 62% run

Analyst Upgrades and Downgrades

Several research firms recently commented on HAS. Wells Fargo & Company cut their target price on shares of Hasbro from $92.00 to $85.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 9th. JPMorgan Chase & Co. dropped their price target on Hasbro from $125.00 to $111.00 and set an “overweight” rating on the stock in a report on Wednesday, July 22nd. BNP Paribas Exane cut their price objective on Hasbro from $117.00 to $114.00 and set an “outperform” rating for the company in a research report on Wednesday, July 15th. Jefferies Financial Group reduced their price objective on Hasbro from $120.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, July 16th. Finally, Wall Street Zen lowered Hasbro from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Twelve analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Hasbro presently has an average rating of “Moderate Buy” and a consensus target price of $109.07.

Insider Buying and Selling

In other news, insider John Hight sold 3,186 shares of the company’s stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $93.71, for a total value of $298,560.06. Following the transaction, the insider owned 67,557 shares in the company, valued at $6,330,766.47. This represents a 4.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Timothy J. Kilpin sold 20,000 shares of the stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $93.12, for a total transaction of $1,862,400.00. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 42,451 shares of company stock valued at $3,987,379. Corporate insiders own 0.71% of the company’s stock.

Hasbro Stock Up 2.7%

Shares of NASDAQ:HAS opened at $97.04 on Wednesday. The firm has a 50 day simple moving average of $85.38 and a 200 day simple moving average of $90.96. Hasbro, Inc. has a 52 week low of $69.50 and a 52 week high of $106.98. The company has a debt-to-equity ratio of 4.16, a quick ratio of 1.46 and a current ratio of 1.66. The company has a market cap of $13.69 billion, a PE ratio of 17.45, a price-to-earnings-growth ratio of 1.74 and a beta of 0.47.

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. The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Hasbro had a net margin of 15.97% and a return on equity of 141.11%. The company’s quarterly revenue was up 16.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.30 EPS. As a group, research analysts expect that Hasbro, Inc. will post 6.13 earnings per share for the current year.

Hasbro Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Wednesday, August 19th. Hasbro’s payout ratio is presently 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.