OMERS ADMINISTRATION Corp Acquires New Holdings in Hasbro, Inc. $HAS

OMERS ADMINISTRATION Corp bought a new position in Hasbro, Inc. (NASDAQ:HAS) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 136,000 shares of the company’s stock, valued at approximately $11,232,000.

Other large investors have also recently added to or reduced their stakes in the company. CYBER HORNET ETFs LLC acquired a new position in Hasbro during the second quarter valued at approximately $25,000. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Hasbro in the fourth quarter worth $27,000. MUFG Securities EMEA plc acquired a new stake in shares of Hasbro in the second quarter worth $28,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Hasbro by 1,190.0% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 387 shares of the company’s stock worth $32,000 after buying an additional 357 shares during the period. Finally, Cedar Mountain Advisors LLC bought a new stake in shares of Hasbro during the 1st quarter worth $37,000. Institutional investors own 91.83% of the company’s stock.

Insider Activity

In other news, insider Timothy J. Kilpin sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $93.12, for a total transaction of $1,862,400.00. Following the completion of the sale, the insider owned 54,229 shares of the company’s stock, valued at approximately $5,049,804.48. This trade represents a 26.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Elizabeth Hamren sold 1,975 shares of Hasbro stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $92.84, for a total transaction of $183,359.00. Following the completion of the transaction, the director owned 9,896 shares of the company’s stock, valued at $918,744.64. This trade represents a 16.64% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 45,415 shares of company stock valued at $4,260,164 in the last ninety days. 0.71% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on HAS. Weiss Ratings upgraded shares of Hasbro from a “sell (d+)” rating to a “hold (c+)” rating in a report on Friday, July 31st. Bank of America decreased their price target on shares of Hasbro from $115.00 to $105.00 and set a “buy” rating for the company in a report on Thursday, July 16th. Wells Fargo & Company lifted their price objective on Hasbro from $85.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Thursday. DA Davidson decreased their target price on Hasbro from $100.00 to $95.00 and set a “neutral” rating for the company in a research note on Wednesday, July 22nd. Finally, Citigroup reaffirmed a “buy” rating on shares of Hasbro in a report on Thursday, July 23rd. Twelve equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Hasbro currently has a consensus rating of “Moderate Buy” and a consensus price target of $109.43.

Hasbro Stock Performance

Hasbro stock opened at $95.41 on Tuesday. The company has a debt-to-equity ratio of 4.16, a current ratio of 1.66 and a quick ratio of 1.46. The stock has a fifty day moving average price of $87.33 and a two-hundred day moving average price of $91.23. Hasbro, Inc. has a 52-week low of $69.50 and a 52-week high of $106.98. The firm has a market capitalization of $13.46 billion, a P/E ratio of 17.16, a P/E/G ratio of 1.71 and a beta of 0.47.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Tuesday, July 21st. The company reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.12. Hasbro had a return on equity of 141.11% and a net margin of 15.97%.The company had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period last year, the business earned $1.30 earnings per share. The business’s revenue was up 16.2% on a year-over-year basis. As a group, analysts anticipate that Hasbro, Inc. will post 6.15 EPS for the current fiscal year.

Hasbro Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Wednesday, August 19th. Hasbro’s dividend payout ratio (DPR) is currently 50.36%.

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.