136,000 Shares in Hasbro, Inc. $HAS Purchased by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp purchased a new position in Hasbro, Inc. (NASDAQ:HAS) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 136,000 shares of the company’s stock, valued at approximately $11,232,000. OMERS ADMINISTRATION Corp owned approximately 0.10% of Hasbro at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of HAS. CYBER HORNET ETFs LLC bought a new stake in shares of Hasbro in the 2nd quarter worth approximately $25,000. University of Texas Texas AM Investment Management Co. bought a new stake in Hasbro during the fourth quarter worth approximately $27,000. MUFG Securities EMEA plc bought a new stake in Hasbro during the second quarter worth approximately $28,000. Thurston Springer Miller Herd & Titak Inc. grew its position in Hasbro by 1,190.0% in the second 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 last quarter. Finally, Cedar Mountain Advisors LLC bought a new position in shares of Hasbro in the first quarter valued at $37,000. 91.83% of the stock is owned by institutional investors and hedge funds.

Hasbro Trading Up 2.0%

NASDAQ HAS opened at $95.41 on Tuesday. Hasbro, Inc. has a 1-year low of $69.50 and a 1-year high of $106.98. The company has a current ratio of 1.66, a quick ratio of 1.46 and a debt-to-equity ratio of 4.16. The company has a market capitalization of $13.46 billion, a PE ratio of 17.16, a price-to-earnings-growth ratio of 1.71 and a beta of 0.47. The firm’s fifty day simple moving average is $87.33 and its 200-day simple moving average is $91.23.

Hasbro (NASDAQ:HAS) last released 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 firm had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter last year, the firm earned $1.30 earnings per share. The business’s revenue for the quarter was up 16.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Hasbro, Inc. will post 6.15 earnings per share for the current fiscal year.

Hasbro Announces Dividend

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 paid a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $2.80 annualized dividend and a dividend yield of 2.9%. Hasbro’s payout ratio is presently 50.36%.

Analyst Upgrades and Downgrades

HAS has been the topic of a number of recent research reports. JPMorgan Chase & Co. decreased their target price on Hasbro from $125.00 to $111.00 and set an “overweight” rating on the stock in a report on Wednesday, July 22nd. Weiss Ratings upgraded shares of Hasbro from a “sell (d+)” rating to a “hold (c+)” rating in a report on Friday, July 31st. Wall Street Zen cut shares of Hasbro from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Bank of America reduced their target price on Hasbro from $115.00 to $105.00 and set a “buy” rating for the company in a report on Thursday, July 16th. Finally, Wells Fargo & Company lifted their price target on Hasbro from $85.00 to $90.00 and gave the company an “equal weight” rating in a report on Thursday. Twelve investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Hasbro has a consensus rating of “Moderate Buy” and a consensus target price of $109.43.

Insider Transactions at Hasbro

In other Hasbro news, insider Timothy J. Kilpin sold 20,000 shares of Hasbro stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $93.12, for a total value of $1,862,400.00. Following the completion of the sale, the insider directly owned 54,229 shares in the company, valued at $5,049,804.48. The trade was a 26.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider John Hight sold 3,186 shares of the business’s stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $93.71, for a total transaction of $298,560.06. Following the completion of the sale, the insider directly owned 67,557 shares of the company’s stock, valued at $6,330,766.47. This represents a 4.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 45,415 shares of company stock worth $4,260,164. Corporate insiders own 0.71% of the company’s stock.

Hasbro Profile

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.