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Mattel Inc. (MAT) Is Up After Q3 Revenues Exceeded Expectations

  • by Nick Cohen
  • in Industry
  • — Oct 21, 2016
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Jefferies Group reaffirmed a "buy" rating and set a $36.00 target price on shares of Mattel in a research note on Thursday, October 13th.

As of current trade, Mattel, Inc. The company has got a 52-week exceptional price of $34.76 and reached a 52-week lowest of the share price at $22.63. That means the share price went down -1.61% from its 52-week low and trades up 30.59% versus the highest price the stock has traded at during the previous year.

MetLife, Inc.is expected* to report earnings on 11/02/2016 after market close. The firm earned "Neutral" rating on Thursday, July 21 by M Partners.

Several brokerages have recently commented on MAT.

UBS rates Mattel shares buy with a $36 price target. The firm has "Conviction Buy" rating by Goldman Sachs given on Monday, January 25. Analysts had expected Mattel, Inc. (NASDAQ:MAT) on Tuesday, February 2 to "Buy" rating. Ltd. now owns 18,816 shares of the company's stock worth $589,000 after buying an additional 262 shares in the last quarter.

04/07/2016 - JP Morgan began new coverage on Mattel, Inc. giving the company a "overweight" rating.

02/04/2016 - Mattel, Inc. was upgraded to "buy" by analysts at Argus. (NASDAQ:MAT) rating on Monday, December 14.

Mattel (NASDAQ:MAT) had its target price raised to $41.00 by B. Riley in a report issued 10/20/2016.

The stock decreased 0.29% or $0.09 during the last trading session, hitting $30.62. Mattel had a net margin of 6.17% and a return on equity of 16.23%. It has underperformed by 11.76% the S&P500. 49 funds bought stakes while 207 increased positions. It has 339.26 million of outstanding shares and its shares float measured at 339.15. Foyston Gordon Payne accumulated 1.34% or 235,237 shares. Tredje AP fonden boosted its position in Mattel by 254.6% in the second quarter. (NASDAQ:MAT). Guinness Asset Mngmt holds 1.51% of its portfolio in Mattel, Inc. During the same quarter a year ago, the company posted $0.71 earnings per share. Earnest Prtn Ltd Com last reported 328,626 shares in the company. Insiders own 0.88% of the company's stock. North Star Mngmt Corporation has 0.13% invested in the company for 23,068 shares.

"Once Mattel makes it through this tough transition year, we think investors will focus more on 2017, especially after Mattel's November 3 analyst meeting", analysts wrote in a Thursday note. (NASDAQ:MAT). First Call now has the consensus target price on the stock at $35.27.

ATR value of company was 0.68 and Relative Strength Index (RSI) was 46.20. The stock was sold at an average price of $33.57, for a total transaction of $239,286.96. SCARBOROUGH DEAN A also sold $222,905 worth of Mattel, Inc.

In other news, EVP Geoffrey H. Walker sold 7,128 shares of Mattel stock in a transaction dated Tuesday, August 30th.

Mattel's business is dependent in great part on its ability each year to redesign, restyle and extend existing core products and product lines, to design and develop innovative new products and product lines, and successfully market those products and product lines. The firm shows the market capitalization of $10.39 Billion. It has a 30.17 P/E ratio.

Beyond Barbie and American Girl, Mattel also saw growth in a variety of other categories, including Fisher Price toys for young children and what it calls the "Wheels division", the toy cars that includes Matchbox and Hot Wheels.

According to Zacks Investment Research, Mondelez International, Inc. has a Consensus Recommendation of 1.67. The Company's global segment products are developed and marketed by the North America segment although some are developed or adapted for particular worldwide markets. Hasbro reported strong sales earlier this week, thanks primarily to the Disney toys for girls.

Sales of the company's Fisher-Price toys for younger tots were up 6% as well.

More important recent Mattel, Inc.

03/04/2016 - Mattel, Inc. had its "equal-weight" rating reiterated by analysts at Barclays.

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