An issue of Mattel, Inc. (NASDAQ:MAT) debt rose 5.8% as a percentage of its face value during trading on Monday. The high-yield debt issue has a 6.2% coupon and will mature on October 1, 2040. The bonds in the issue are now trading at $102.75. Price changes in a company’s debt in credit markets sometimes predict parallel changes in its stock price.

A number of research analysts have recently commented on MAT shares. Stifel Nicolaus reiterated a “hold” rating on shares of Mattel in a research note on Thursday, August 3rd. Jefferies Group LLC set a $13.00 price target on Mattel and gave the company a “hold” rating in a research note on Sunday, October 29th. BidaskClub lowered Mattel from a “sell” rating to a “strong sell” rating in a research report on Saturday, November 4th. Monness Crespi & Hardt raised their target price on Mattel from $22.00 to $27.00 and gave the stock a “buy” rating in a research report on Wednesday, October 11th. Finally, DA Davidson raised Mattel from an “underperform” rating to a “neutral” rating and set a $12.00 target price for the company in a research report on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $21.46.

Mattel, Inc. (MAT) traded up $0.69 during mid-day trading on Monday, reaching $14.62. The company’s stock had a trading volume of 11,129,100 shares, compared to its average volume of 7,655,761. The firm has a market cap of $5,025.33, a P/E ratio of 97.47, a P/E/G ratio of 37.59 and a beta of 0.88. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.32 and a quick ratio of 0.89. Mattel, Inc. has a fifty-two week low of $12.71 and a fifty-two week high of $32.48.

Mattel (NASDAQ:MAT) last released its quarterly earnings results on Thursday, October 26th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.49). The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.82 billion. Mattel had a negative net margin of 11.73% and a positive return on equity of 2.51%. Mattel’s revenue for the quarter was down 13.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.70 EPS. equities research analysts expect that Mattel, Inc. will post 0.04 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the business. Highlander Capital Management LLC bought a new position in shares of Mattel during the 2nd quarter worth approximately $105,000. Penserra Capital Management LLC lifted its position in shares of Mattel by 26.6% during the 2nd quarter. Penserra Capital Management LLC now owns 6,117 shares of the company’s stock worth $131,000 after buying an additional 1,287 shares in the last quarter. Delta Asset Management LLC TN lifted its position in shares of Mattel by 54.7% during the 2nd quarter. Delta Asset Management LLC TN now owns 6,150 shares of the company’s stock worth $133,000 after buying an additional 2,175 shares in the last quarter. Zeke Capital Advisors LLC bought a new position in shares of Mattel during the 3rd quarter worth approximately $163,000. Finally, Hartland & Co. LLC bought a new position in shares of Mattel during the 3rd quarter worth approximately $165,000. 95.89% of the stock is currently owned by hedge funds and other institutional investors.

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About Mattel

Mattel, Inc manufactures and markets a range of toy products around the world. The Company’s segments are North America; International, and American Girl. Its portfolio of brands and products are grouped into approximately four major brand categories, including Mattel Girls & Boys Brands, Fisher-Price Brands, American Girl Brands and Construction and Arts & Crafts Brands.

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