Mattel (MAT) Debt Trading 1.7% Lower
An issue of Mattel, Inc. (NASDAQ:MAT) debt fell 1.7% against its face value during trading on Wednesday. The debt issue has a 5.45% coupon and is set to mature on November 1, 2041. The debt is now trading at $82.50 and was trading at $94.75 last week. Price changes in a company’s debt in credit markets sometimes anticipate parallel changes in its stock price.
A number of equities research analysts recently issued reports on the stock. BidaskClub raised shares of Mattel from a “strong sell” rating to a “sell” rating in a report on Wednesday, November 15th. Jefferies Group set a $17.00 price objective on shares of Mattel and gave the company a “hold” rating in a report on Saturday, December 2nd. Stifel Nicolaus reissued a “hold” rating and issued a $19.00 price objective on shares of Mattel in a report on Tuesday, September 5th. KeyCorp reissued a “sector weight” rating on shares of Mattel in a report on Thursday, August 31st. Finally, UBS reissued a “buy” rating and issued a $23.00 price objective on shares of Mattel in a report on Saturday, September 16th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $21.54.
Shares of Mattel, Inc. (NASDAQ:MAT) opened at $15.59 on Thursday. The stock has a market cap of $5,283.12, a PE ratio of 102.47, a PEG ratio of 39.52 and a beta of 1.00. Mattel, Inc. has a 1 year low of $12.71 and a 1 year high of $31.60. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.89 and a current ratio of 1.32.
Mattel (NASDAQ:MAT) last issued its quarterly earnings results on Thursday, October 26th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.49). The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.82 billion. Mattel had a positive return on equity of 2.51% and a negative net margin of 11.73%. The firm’s revenue for the quarter was down 13.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.70 EPS. research analysts expect that Mattel, Inc. will post 0.04 EPS for the current fiscal year.
Large investors have recently modified their holdings of the stock. Intact Investment Management Inc. raised its holdings in Mattel by 14.0% during the second quarter. Intact Investment Management Inc. now owns 93,100 shares of the company’s stock worth $2,004,000 after purchasing an additional 11,400 shares in the last quarter. Thrivent Financial For Lutherans raised its holdings in Mattel by 3.2% during the second quarter. Thrivent Financial For Lutherans now owns 13,050 shares of the company’s stock worth $281,000 after purchasing an additional 410 shares in the last quarter. Aberdeen Asset Management PLC UK raised its holdings in Mattel by 43.8% during the second quarter. Aberdeen Asset Management PLC UK now owns 147,083 shares of the company’s stock worth $3,167,000 after purchasing an additional 44,802 shares in the last quarter. State of Wisconsin Investment Board raised its holdings in Mattel by 31.1% during the second quarter. State of Wisconsin Investment Board now owns 298,972 shares of the company’s stock worth $6,437,000 after purchasing an additional 70,840 shares in the last quarter. Finally, Olstein Capital Management L.P. raised its holdings in Mattel by 375.4% during the third quarter. Olstein Capital Management L.P. now owns 539,160 shares of the company’s stock worth $8,346,000 after purchasing an additional 425,760 shares in the last quarter. 93.86% of the stock is currently owned by hedge funds and other institutional investors.
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Mattel Company Profile
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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