Hasbro, Inc.

(NASDAQ Global Select)
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Somewhat Bullish +35

Corient Private Wealth LLC Buys 9,744 Shares of Hasbro, Inc. $HAS

AI-generated analysis

πŸ“ˆ Corient Private Wealth LLC boosted its Hasbro position by 70.3% in Q4, adding 9,744 shares to a total holding of 23,610.

🏦 Institutional ownership stands at 91.83%, with new stakes added by the University of Texas System and multiple ETFs.

πŸ’° Hasbro paid a $0.70 quarterly dividend on June 11th, offering a 3.3% annualized yield to shareholders.

πŸ“‰ The company reports a negative P/E ratio of -50.87 and a market cap of $11.95 billion as of the latest data.

πŸ“Š Technical analysis shows shares trading at $84.44, below the 200-day moving average of $90.49.

πŸ“‰ Weiss Ratings downgraded Hasbro to a 'sell (d+)' rating following a previous 'hold' status.

πŸ“ˆ Morgan Stanley and Bank of America maintain 'overweight' and 'buy' ratings with price targets near $123.

🎯 The consensus analyst price target is set at $113.14, suggesting potential upside from current levels.

🧸 Hasbro owns iconic brands including Monopoly, Play-Doh, Nerf, My Little Pony, and Transformers.

Bullish Signals
  • Corient Private Wealth LLC increased its position by 70.3% in Q4, signaling strong institutional confidence in the company's long-term prospects.
  • Multiple new institutional investors, including the University of Texas System and CYBER HORNET ETFs, initiated positions valued between $25,000 and $37,000.
  • Major banks like Morgan Stanley, Bank of America, and BNP Paribas maintain 'buy' or 'outperform' ratings with price targets ranging from $115 to $123.
  • The stock offers a 3.3% annualized dividend yield, providing income support despite recent earnings challenges.
  • Analyst consensus remains 'Moderate Buy' with an average price target of $113.14, implying potential upside from the current trading price.
Risk Factors
  • Weiss Ratings downgraded Hasbro to a 'sell (d+)' rating, contrasting with more bullish views from other major financial institutions.
  • The company reports a negative P/E ratio of -50.87 and a negative dividend payout ratio of -168.67%, indicating recent earnings losses.
  • Shares are currently trading below their 200-day moving average of $90.49, suggesting short-term weakness or lack of momentum.
Full Analysis
Corient Private Wealth LLC significantly increased its stake in Hasbro, Inc. (NASDAQ: HAS) by 70.3% during the fourth quarter, purchasing an additional 9,744 shares to hold a total of 23,610 shares valued at $1.936 million. This move joins several other institutional investors, including the University of Texas System and various ETFs, who established new positions in the toy giant during the second and third quarters. The article provides detailed financial metrics for Hasbro, noting a market capitalization of $11.95 billion and a negative P/E ratio of -50.87 due to recent losses. The stock recently paid a quarterly dividend of $0.70 per share, resulting in an annualized yield of 3.3%, though the payout ratio is currently negative at -168.67%. Technical indicators show the stock trading below its 200-day moving average. Analyst sentiment remains mixed but generally leans positive regarding future targets. While Weiss Ratings downgraded the stock to a 'sell', major banks like Morgan Stanley, Bank of America, and BNP Paribas have maintained 'buy' or 'outperform' ratings with price targets ranging from $105 to $123. The consensus rating is currently a 'Moderate Buy' with an average price target of $113.14.