ING Groep NV Has $8.45 Million Stake in Hasbro, Inc. $HAS

ING Groep NV trimmed its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 7.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 103,074 shares of the company’s stock after selling 8,192 shares during the quarter. ING Groep NV owned about 0.07% of Hasbro worth $8,452,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of HAS. Brighton Jones LLC acquired a new position in Hasbro during the fourth quarter worth $317,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Hasbro by 11.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,563 shares of the company’s stock valued at $1,018,000 after purchasing an additional 1,753 shares during the last quarter. Empowered Funds LLC grew its position in shares of Hasbro by 95.8% in the first quarter. Empowered Funds LLC now owns 13,187 shares of the company’s stock valued at $811,000 after purchasing an additional 6,451 shares during the last quarter. Woodline Partners LP grew its position in shares of Hasbro by 40.7% in the first quarter. Woodline Partners LP now owns 11,078 shares of the company’s stock valued at $681,000 after purchasing an additional 3,203 shares during the last quarter. Finally, Focus Partners Wealth acquired a new stake in shares of Hasbro in the first quarter valued at about $292,000. 91.83% of the stock is owned by institutional investors and hedge funds.

Hasbro News Summary

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: Hasbro launched Sixth Wall, a new AI studio focused on creating next-generation character experiences and licensing its iconic IP to partners, potentially expanding monetization of its brand portfolio. Hasbro Launching an AI Studio That Will Let Companies License Its Stable of Characters
• Positive Sentiment: Hasbro also announced a program to license its characters to AI experiences, with reports that ElevenLabs is partnering with the company, reinforcing the idea that Hasbro can turn its IP into recurring digital licensing revenue. ElevenLabs Partners with Hasbro’s AI Studios to License Characters
• Positive Sentiment: Separately, Zacks highlighted HAS as one of the best consumer dividend stocks to buy, pointing to its strong-buy ranking and dividend appeal, which may help support investor confidence. Best Consumer Dividend Stocks to Buy Now: HAS, KVUE, MOV
• Neutral Sentiment: Additional coverage focused on Hasbro’s latest toy releases featuring Transformers, X-Men, and Star Wars, underscoring continued strength in its core franchise business but without a major new financial catalyst. Hasbro’s Latest Toy Drop Is Packed With Transformers, X-Men, And Star Wars Nostalgia
• Neutral Sentiment: Several other reports repeated the same AI-studio announcement, amplifying the story but not adding materially new information. Hasbro Launches AI-Powered Versions of Its Iconic Characters: Which Ones Are Included?

Hasbro Stock Performance

NASDAQ:HAS opened at $84.18 on Monday. Hasbro, Inc. has a 1 year low of $65.43 and a 1 year high of $106.98. The firm has a 50 day moving average of $91.75 and a 200-day moving average of $90.08. The company has a current ratio of 1.65, a quick ratio of 1.49 and a debt-to-equity ratio of 4.59. The stock has a market capitalization of $11.91 billion, a P/E ratio of -50.71, a price-to-earnings-growth ratio of 2.08 and a beta of 0.48.

Hasbro (NASDAQ:HAS) last posted its earnings results on Wednesday, May 20th. The company reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.27. Hasbro had a negative net margin of 4.62% and a positive return on equity of 174.64%. The company had revenue of $1 billion during the quarter, compared to analysts’ expectations of $969.20 million. During the same quarter in the previous year, the company posted $1.04 earnings per share. Hasbro’s quarterly revenue was up 12.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Hasbro, Inc. will post 5.96 EPS for the current fiscal year.

Hasbro Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Monday, June 1st will be paid a $0.70 dividend. The ex-dividend date is Monday, June 1st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.3%. Hasbro’s payout ratio is -168.67%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on HAS. Roth Mkm set a $120.00 price target on Hasbro in a research report on Wednesday, February 11th. Monness Crespi & Hardt raised their price target on Hasbro from $90.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Bank of America raised their price target on Hasbro from $113.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, May 21st. Weiss Ratings downgraded Hasbro from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, June 1st. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $100.00 price target on shares of Hasbro in a research report on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $113.64.

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.