Rep. Julie Johnson Buys Hasbro, Inc. (NASDAQ:HAS) Shares

Representative Julie Johnson (D-Texas) recently bought shares of Hasbro, Inc. (NASDAQ:HAS). In a filing disclosed on February 12th, the Representative disclosed that they had bought between $1,001 and $15,000 in Hasbro stock on January 15th. The trade occurred in the Representative’s “MERRILL LYNCH TAX EFFICIENT CORE” account.

Representative Julie Johnson also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Dell Technologies (NYSE:DELL) on 1/28/2025.
• Sold $1,001 – $15,000 in shares of PepsiCo (NASDAQ:PEP) on 1/28/2025.
• Sold $1,001 – $15,000 in shares of Intuit (NASDAQ:INTU) on 1/28/2025.
• Sold $1,001 – $15,000 in shares of ALLETE (NYSE:ALE) on 1/28/2025.
• Sold $1,001 – $15,000 in shares of PPG Industries (NYSE:PPG) on 1/27/2025.
• Purchased $1,001 – $15,000 in shares of Progressive (NYSE:PGR) on 1/24/2025.
• Purchased $1,001 – $15,000 in shares of The Goldman Sachs Group (NYSE:GS) on 1/24/2025.
• Sold $1,001 – $15,000 in shares of Chubb (NYSE:CB) on 1/24/2025.
• Sold $1,001 – $15,000 in shares of Morgan Stanley (NYSE:MS) on 1/24/2025.
• Purchased $1,001 – $15,000 in shares of Merck & Co., Inc. (NYSE:MRK) on 1/17/2025.

Hasbro Price Performance

NASDAQ:HAS traded up $0.07 during trading hours on Friday, hitting $60.32. 168,912 shares of the stock traded hands, compared to its average volume of 1,249,903. The company has a market cap of $8.41 billion, a price-to-earnings ratio of -13.00, a price-to-earnings-growth ratio of 0.51 and a beta of 0.64. Hasbro, Inc. has a 1 year low of $48.63 and a 1 year high of $73.46. The stock has a 50 day moving average price of $58.54 and a 200 day moving average price of $64.23. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 2.64.

Wall Street Analysts Forecast Growth

HAS has been the topic of a number of analyst reports. Stifel Nicolaus lowered their target price on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a research note on Friday, January 3rd. JPMorgan Chase & Co. boosted their price objective on Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Morgan Stanley increased their target price on Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Finally, DA Davidson boosted their price target on Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $80.11.

Insiders Place Their Bets

In other Hasbro news, EVP Matthew Edward Austin sold 1,718 shares of Hasbro stock in a transaction on Friday, November 29th. The shares were sold at an average price of $65.06, for a total transaction of $111,773.08. Following the completion of the transaction, the executive vice president now directly owns 36,828 shares of the company’s stock, valued at $2,396,029.68. The trade was a 4.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.82% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Banco Bilbao Vizcaya Argentaria S.A. raised its stake in Hasbro by 15.6% during the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 83,314 shares of the company’s stock valued at $4,688,000 after purchasing an additional 11,214 shares in the last quarter. Adage Capital Partners GP L.L.C. increased its holdings in shares of Hasbro by 268.9% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 455,472 shares of the company’s stock worth $25,465,000 after buying an additional 332,000 shares during the last quarter. Stifel Financial Corp raised its position in shares of Hasbro by 1.2% during the 4th quarter. Stifel Financial Corp now owns 269,912 shares of the company’s stock valued at $15,091,000 after buying an additional 3,237 shares in the last quarter. TD Waterhouse Canada Inc. lifted its holdings in shares of Hasbro by 182.4% in the 4th quarter. TD Waterhouse Canada Inc. now owns 1,443 shares of the company’s stock valued at $81,000 after acquiring an additional 932 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its position in Hasbro by 4.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 17,287 shares of the company’s stock worth $967,000 after acquiring an additional 765 shares in the last quarter. 91.83% of the stock is currently owned by institutional investors.

About Representative Johnson

Julie Johnson (Democratic Party) is a member of the U.S. House, representing Texas’ 32nd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027.

Johnson (Democratic Party) ran for election to the U.S. House to represent Texas’ 32nd Congressional District. She won in the general election on November 5, 2024.

Julie Johnson earned a B.A. in history and government from the University of Texas at Austin in 1987 and a J.D. from the University of Houston Law Center in 1991. Johnson’s career experience includes working as an attorney.

About Hasbro

Hasbro, Inc, together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments.