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Hasbro climbs after Q3 beat, higher outlook, and larger buyback plan

Investivoq PriceTracker

Hasbro (HAS) is up 5.3% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to a strong third-quarter earnings release that combined better operating performance with a more shareholder-friendly capital return plan. Investors likely reacted positively to faster growth in Wizards of the Coast, a higher 2026 outlook, and management’s decision to double its share repurchase target.

Details:

  • Hasbro reported third-quarter 2026 results on October 20, with revenue rising year over year and profit increasing sharply from the prior-year period.
  • Magic: The Gathering surpassed $600 million in quarterly revenue for the first time, reinforcing the importance of the higher-margin Wizards of the Coast and digital gaming business.
  • Management raised its full-year 2026 outlook, including stronger constant-currency revenue growth expectations and improved margin and EBITDA targets.
  • Hasbro also doubled its share repurchase target, adding another reason the market may be rewarding the stock beyond the earnings beat itself.

    • Sources:

    Hasbro, SEC, Yahoo Finance

    Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

    $HAS Insider Trading Activity

    HAS Insider Trades

    $HAS insiders have traded $HAS stock on the open market 10 times in the past 6 months. Of those trades, 0 have been purchases and 10 have been sales.

    Here’s a breakdown of recent trading of $HAS stock by insiders over the last 6 months:

    • JOHN HIGHT (President, WOTC) has made 0 purchases and 3 sales selling 26,008 shares for an estimated $2,476,850.
    • TIMOTHY J. KILPIN (President, Toy, Lic & Ent) has made 0 purchases and 2 sales selling 20,000 shares for an estimated $1,862,450.
    • GINA M GOETTER (EVP & CFO) has made 0 purchases and 2 sales selling 19,265 shares for an estimated $1,826,496.
    • HOLLY BARBACOVI (Chief People Officer) sold 5,057 shares for an estimated $476,369
    • ELIZABETH HAMREN has made 0 purchases and 2 sales selling 2,964 shares for an estimated $272,784.

    To track insider transactions, check out Investivoq's insider trading dashboard. You can access data on insider stock transactions through the Investivoq API insider transaction endpoint.

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    $HAS Hedge Fund Activity

    We have seen 351 institutional investors add shares of $HAS stock to their portfolio, and 382 decrease their positions in their most recent quarter.

    Here are some of the largest recent moves:

    • UBS GROUP AG added 2,067,564 shares (+271.9%) to their portfolio in Q2 2026, for an estimated $170,760,110
    • BLACKROCK, INC. added 1,388,091 shares (+5.5%) to their portfolio in Q2 2026, for an estimated $114,642,435
    • SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 1,308,192 shares (+inf%) to their portfolio in Q2 2026, for an estimated $108,043,577
    • POINT72 ASSET MANAGEMENT, L.P. added 1,216,628 shares (+135.6%) to their portfolio in Q2 2026, for an estimated $100,481,306
    • MARSHALL WACE, LLP removed 1,068,790 shares (-85.6%) from their portfolio in Q2 2026, for an estimated $88,271,366
    • BALYASNY ASSET MANAGEMENT L.P. added 795,790 shares (+300.9%) to their portfolio in Q2 2026, for an estimated $65,724,296
    • ROYAL BANK OF CANADA added 765,880 shares (+190.3%) to their portfolio in Q2 2026, for an estimated $63,254,029

    To track hedge funds' stock portfolios, check out Investivoq's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Investivoq API 13F endpoint.

    $HAS Price Targets

    Multiple analysts have issued price targets for $HAS recently. We have seen 5 analysts offer price targets for $HAS in the last 6 months, with a median target of $114.0.

    Here are some recent targets:

    • Anthony Bonadio from Wells Fargo set a target price of $85.0 on 06/09/2026
    • James Hardiman from Citigroup set a target price of $114.0 on 05/22/2026
    • Alexander Perry from B of A Securities set a target price of $115.0 on 05/21/2026
    • Keegan Cox from DA Davidson set a target price of $100.0 on 05/21/2026
    • Megan Alexander from Morgan Stanley set a target price of $123.0 on 05/14/2026

    This article is not financial advice. See Investivoq's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.