Crown Advisors Management Inc. Invests $2.06 Million in Hasbro, Inc. $HAS

Crown Advisors Management Inc. acquired a new stake in shares of Hasbro, Inc. (NASDAQ:HAS) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 25,000 shares of the company’s stock, valued at approximately $2,065,000. Hasbro comprises 1.1% of Crown Advisors Management Inc.’s investment portfolio, making the stock its 26th largest holding.

A number of other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in Hasbro by 2.7% in the fourth quarter. Vanguard Group Inc. now owns 16,976,679 shares of the company’s stock worth $1,392,088,000 after acquiring an additional 453,038 shares in the last quarter. State Street Corp grew its stake in shares of Hasbro by 2.1% during the second quarter. State Street Corp now owns 6,508,052 shares of the company’s stock worth $480,424,000 after acquiring an additional 131,678 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Hasbro by 47.3% during the fourth quarter. AQR Capital Management LLC now owns 4,357,147 shares of the company’s stock valued at $357,286,000 after acquiring an additional 1,399,499 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Hasbro by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 3,661,020 shares of the company’s stock valued at $299,700,000 after acquiring an additional 122,592 shares in the last quarter. Finally, Bank of America Corp DE raised its position in shares of Hasbro by 21.9% in the 3rd quarter. Bank of America Corp DE now owns 3,633,213 shares of the company’s stock valued at $275,579,000 after purchasing an additional 651,790 shares during the last quarter. Institutional investors and hedge funds own 91.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on HAS shares. UBS Group reiterated a “buy” rating and issued a $120.00 target price on shares of Hasbro in a research note on Monday, July 27th. JPMorgan Chase & Co. cut their price target on shares of Hasbro from $125.00 to $111.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 22nd. Roth Capital reaffirmed a “buy” rating on shares of Hasbro in a report on Wednesday, July 22nd. Bank of America lowered their price objective on shares of Hasbro from $115.00 to $105.00 and set a “buy” rating for the company in a research note on Thursday, July 16th. Finally, DA Davidson dropped their price objective on shares of Hasbro from $100.00 to $95.00 and set a “neutral” rating on the stock in a report on Wednesday, July 22nd. Twelve investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $109.07.

Hasbro News Roundup

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: Higher long-term earnings forecasts: Zacks Research raised its FY2027 EPS estimate to $6.53 from $6.32 and its FY2028 estimate to $7.08 from $6.87. Its Q1 2028 forecast also increased to $1.45 from $1.39. The revisions suggest improving expectations for Hasbro’s future profitability, although Zacks maintained a “Hold” rating. Zacks Research Has Bearish Estimate for Hasbro Q3 Earnings
• Positive Sentiment: Strong recent operating performance: Hasbro’s latest reported quarter exceeded expectations, with EPS of $1.28 versus a $1.16 consensus estimate and revenue of $1.14 billion versus $1.07 billion expected. Revenue increased 16.2% year over year, providing a favorable fundamental backdrop.
• Positive Sentiment: Peppa Pig marketing push: Hasbro is bringing Mummy Pig back to Kylie Kelce’s podcast to reach millennial parents. The campaign could strengthen engagement with the Peppa Pig franchise and support consumer-products demand, though the immediate financial impact is uncertain. Mummy Pig Returns to Kylie Kelce’s Podcast
• Positive Sentiment: Dividend support: Hasbro declared a quarterly dividend of $0.70, equivalent to $2.80 annually and a yield of approximately 2.9%. The dividend may appeal to income-focused investors, with the next payment scheduled for September 2 to shareholders of record August 19.
• Neutral Sentiment: Brand visibility: Hasbro’s “Toddler of the Year” contest generated local media attention, but the initiative is unlikely to materially affect near-term earnings or valuation. Athens 3-year-old semi-finalist in Hasbro’s Toddler of the Year contest
• Negative Sentiment: Third-quarter caution: Zacks Research issued a bearish estimate for Hasbro’s Q3 earnings. The report did not provide the specific forecast, but the warning raises concern about near-term operating momentum and could temper the positive effect of higher longer-term estimates.
• Negative Sentiment: Director selling: Director Elizabeth Hamren sold a combined 2,964 shares for approximately $272,784 in two transactions. The sales reduced her holdings by 7.69% and 16.64%, respectively. Insider selling does not necessarily indicate weaker fundamentals, but it may weigh modestly on investor sentiment. SEC insider trading filing

Hasbro Stock Performance

Hasbro stock opened at $96.70 on Monday. The stock has a 50-day moving average price of $86.09 and a 200 day moving average price of $91.11. The company has a market capitalization of $13.64 billion, a price-to-earnings ratio of 17.39, a price-to-earnings-growth ratio of 1.77 and a beta of 0.47. Hasbro, Inc. has a 52 week low of $69.50 and a 52 week 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.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results 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 company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the company earned $1.30 EPS. Hasbro’s quarterly revenue was up 16.2% on a year-over-year basis. Sell-side analysts anticipate that Hasbro, Inc. will post 6.15 EPS for the current year.

Hasbro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be paid a $0.70 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.9%. Hasbro’s dividend payout ratio is presently 50.36%.

Insider Buying and Selling at Hasbro

In other Hasbro news, Director Elizabeth Hamren sold 1,975 shares of the company’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $92.84, for a total value of $183,359.00. Following the sale, the director directly owned 9,896 shares of the company’s stock, valued at approximately $918,744.64. This represents a 16.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Gina M. Goetter sold 11,000 shares of the stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $95.44, for a total value of $1,049,840.00. Following the sale, the chief financial officer directly owned 88,104 shares in the company, valued at $8,408,645.76. This represents a 11.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 45,415 shares of company stock worth $4,260,164. 0.71% of the stock is currently owned by company insiders.

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.