Hasbro to relocate headquarters from Rhode Island to Boston by 2026

PAWTUCKET, R.I. - Toy and game maker Hasbro, Inc. (market cap: $11.07 billion) announced plans to move its Rhode Island operations to Boston’s Seaport District, establishing a new primary headquarters for its toys, board games, and licensing businesses. The company, which maintains impressive gross profit margins of 63.3%, has shown strong momentum with a 26% gain over the past six months according to InvestingPro data.

The company will occupy seven floors across 265,000 square feet at 400 Summer Street, a facility developed by WS Development. At least 700 full-time employees are expected to transition from Rhode Island to the new Boston location by the end of 2026.

"Boston’s thriving business community, deep academic partnerships and cultural vibrancy, together with our Seattle team’s leadership in technology, creativity, and innovation, give Hasbro an unparalleled foundation for growth," said Chris Cocks, CEO of Hasbro, in a press release statement.

The relocation aligns with Hasbro’s "Playing to Win" strategy, which focuses on innovation and collaboration with partners. While moving its headquarters, the company stated it will maintain ties to Rhode Island, where it has contributed over $1 million in product and in-kind donations to local organizations in 2024 alone.

Massachusetts Governor Maura Healey welcomed the move, noting the company will create hundreds of jobs in the state.

Hasbro’s Renton, Washington office will continue to serve as headquarters for its Gaming and Digital businesses, housing franchises like Magic: The Gathering and Dungeons & Dragons. The Seattle-based location currently employs more than 500 people across 111,000 square feet.

Beyond its U.S. operations, Hasbro maintains offices in Hong Kong, London, Mexico City, and Montreal, supporting its global portfolio of brands that includes Monopoly, Nerf, Transformers, and Play-Doh. The company’s financial stability is reflected in its healthy current ratio of 1.66 and 45-year track record of consistent dividend payments. For deeper insights into Hasbro’s financial health and exclusive analysis, investors can access the comprehensive Pro Research Report available on InvestingPro.

In other recent news, Hasbro has been in the spotlight with several notable developments. The company announced an expanded collaboration with Disney Consumer Products to introduce a new PLAY-DOH collection featuring Disney Jr. characters. This product line, inspired by Mickey Mouse Clubhouse, is currently available exclusively on Amazon and will expand to major retailers in 2026. On the financial side, UBS has raised its price target for Hasbro to $88, maintaining a Buy rating after the company’s second-quarter earnings exceeded expectations. UBS also adjusted its earnings per share estimates for Hasbro, forecasting $4.84 for 2025 and $5.16 for 2026. Additionally, Goldman Sachs reiterated its Buy rating for Hasbro with a price target of $89, emphasizing the importance of the Magic the Gathering franchise to the company’s growth strategy. In related news, Jefferies highlighted Lego’s robust growth, suggesting potential positive implications for Hasbro and Mattel. Meanwhile, Orangekloud Technology has scheduled an extraordinary general meeting for shareholders, with documents filed to the Securities and Exchange Commission, though specific agenda items remain undisclosed.

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