Illinois Municipal Retirement Fund Acquires 5,585 Shares of Hasbro, Inc. $HAS

Illinois Municipal Retirement Fund grew its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 21.3% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 31,748 shares of the company’s stock after purchasing an additional 5,585 shares during the period. Illinois Municipal Retirement Fund’s holdings in Hasbro were worth $2,408,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of America Corp DE raised its position in Hasbro by 128.7% in the 2nd quarter. Bank of America Corp DE now owns 2,981,423 shares of the company’s stock valued at $220,089,000 after buying an additional 1,677,962 shares during the last quarter. Norges Bank purchased a new position in Hasbro during the 2nd quarter worth $123,710,000. AQR Capital Management LLC grew its stake in shares of Hasbro by 95.7% in the 2nd quarter. AQR Capital Management LLC now owns 2,259,812 shares of the company’s stock worth $164,831,000 after acquiring an additional 1,105,004 shares in the last quarter. Mane Global Capital Management LP purchased a new stake in shares of Hasbro in the second quarter valued at about $77,471,000. Finally, Wedge Capital Management L L P NC bought a new position in shares of Hasbro during the third quarter valued at about $30,608,000. 91.83% of the stock is owned by hedge funds and other institutional investors.

More Hasbro News

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: Analyst upgrade/price-target boost — Monness Crespi & Hardt raised its Hasbro price target to $120 (from $90) and kept a Buy rating, signaling analyst confidence in the company’s rebound and implying meaningful upside. Monness Crespi price-target note
• Positive Sentiment: Earnings and momentum — Hasbro posted a sizeable beat (Q report: $1.51 EPS vs. $0.99 expected; revenue $1.45B vs. $1.26B) and hit a one‑year high after the results, validating stronger-than-expected demand and improving top-line momentum. Earnings beat / 1-year high
• Positive Sentiment: Management highlights growth drivers — CEO Chris Cocks emphasized Wizards of the Coast, hobby gaming, and digital initiatives as accelerating growth levers in recent interviews, supporting investor confidence in sustainable revenue expansion. AOL CEO interview Yahoo Finance video
• Positive Sentiment: New product/licensing catalysts — Hasbro is rolling out collectible/collector-focused releases (Marvel Legends “Secret Wars” figures and new Black Series Mandalorian & Grogu figures), which support short-term revenues and licensing strength. Marvel Legends figures Mandalorian & Grogu figures
• Positive Sentiment: Content monetization push — Hasbro Entertainment and Animaj launched “Lumee” to rethink monetization of kids’ content online, signaling efforts to diversify digital revenue and increase lifetime value from IP. Lumee launch
• Neutral Sentiment: Short-interest data appears unreliable — recent entries show a large increase but report 0 shares/NaN changes and a 0.0 days ratio; this looks like a data glitch and doesn’t provide a meaningful short-sentiment signal today.
• Negative Sentiment: Lawsuit risk — A new suit accuses Hasbro of overprinting Magic: The Gathering cards, which could raise legal costs, regulatory scrutiny, or fan/retailer pushback if it advances; monitor legal developments for potential financial or reputational impact. Lawsuit article

Hasbro Price Performance

Shares of NASDAQ HAS opened at $102.45 on Monday. The company has a current ratio of 1.38, a quick ratio of 1.24 and a debt-to-equity ratio of 4.89. The stock has a fifty day simple moving average of $87.51 and a two-hundred day simple moving average of $81.16. Hasbro, Inc. has a 1-year low of $49.00 and a 1-year high of $106.98. The firm has a market cap of $14.38 billion, a price-to-earnings ratio of -43.60, a price-to-earnings-growth ratio of 1.79 and a beta of 0.56.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Tuesday, February 10th. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.52. Hasbro had a positive return on equity of 127.21% and a negative net margin of 6.86%.The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the prior year, the company earned $0.46 EPS. The firm’s quarterly revenue was up 31.3% compared to the same quarter last year. Analysts anticipate that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 4th. Stockholders of record on Wednesday, February 18th will be given a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, February 18th. This represents a $2.80 annualized dividend and a dividend yield of 2.7%. Hasbro’s payout ratio is -119.15%.

Analysts Set New Price Targets

HAS has been the subject of several analyst reports. Roth Mkm set a $120.00 price objective on shares of Hasbro in a research note on Wednesday. The Goldman Sachs Group increased their price target on Hasbro from $88.00 to $114.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. DA Davidson lifted their price target on Hasbro from $80.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday. Seaport Research Partners upgraded Hasbro to a “strong-buy” rating in a research note on Monday, November 10th. Finally, Citigroup lifted their target price on Hasbro from $97.00 to $118.00 and gave the stock a “buy” rating in a research note on Thursday. Ten equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $113.73.

Insider Buying and Selling

In other Hasbro news, CFO Gina M. Goetter sold 12,429 shares of the business’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $103.46, for a total transaction of $1,285,904.34. Following the sale, the chief financial officer owned 68,221 shares of the company’s stock, valued at $7,058,144.66. The trade was a 15.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Tarrant L. Sibley sold 15,148 shares of the firm’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $104.98, for a total value of $1,590,237.04. Following the completion of the transaction, the executive vice president directly owned 50,174 shares of the company’s stock, valued at $5,267,266.52. The trade was a 23.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.85% of the company’s stock.

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.