Mattel (MAT) Bonds Trading 0.4% Lower

An issue of Mattel, Inc. (NASDAQ:MAT) debt fell 0.4% against its face value during trading on Wednesday. The high-yield debt issue has a 6.75% coupon and is set to mature on December 31, 2025. The debt is now trading at $101.13 and was trading at $101.00 last week. Price moves in a company’s debt in credit markets often anticipate parallel moves in its stock price.

Several analysts recently weighed in on the stock. Stifel Nicolaus reissued a “hold” rating and issued a $14.00 price objective (down previously from $34.00) on shares of Mattel in a research note on Wednesday, December 13th. BidaskClub raised shares of Mattel from a “sell” rating to a “hold” rating in a research report on Friday, December 22nd. Jefferies Group dropped coverage on shares of Mattel in a research report on Monday, December 18th. SunTrust Banks reaffirmed a “hold” rating and set a $17.00 price target (down previously from $22.00) on shares of Mattel in a research report on Tuesday, October 10th. Finally, B. Riley initiated coverage on shares of Mattel in a research report on Thursday, December 21st. They set a “neutral” rating and a $15.00 price target on the stock. Thirteen investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Mattel has an average rating of “Hold” and an average target price of $20.25.

Shares of Mattel, Inc. (NASDAQ MAT) traded down $0.10 during midday trading on Wednesday, hitting $15.62. 2,570,497 shares of the stock traded hands, compared to its average volume of 7,906,943. Mattel, Inc. has a 52-week low of $12.71 and a 52-week high of $31.60. The firm has a market capitalization of $5,400.00, a price-to-earnings ratio of -8.93 and a beta of 1.00. The company has a quick ratio of 0.89, a current ratio of 1.32 and a debt-to-equity ratio of 1.31.

Mattel (NASDAQ:MAT) last announced its quarterly earnings data on Thursday, October 26th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.49). Mattel had a negative net margin of 11.73% and a positive return on equity of 2.51%. The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the prior year, the company posted $0.70 EPS. Mattel’s revenue for the quarter was down 13.1% on a year-over-year basis. sell-side analysts forecast that Mattel, Inc. will post -0.16 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Highlander Capital Management LLC purchased a new stake in Mattel in the 2nd quarter valued at about $105,000. Penserra Capital Management LLC increased its stake in Mattel by 26.6% in the 2nd quarter. Penserra Capital Management LLC now owns 6,117 shares of the company’s stock valued at $131,000 after buying an additional 1,287 shares during the last quarter. Zeke Capital Advisors LLC purchased a new stake in Mattel in the 3rd quarter valued at about $163,000. Hartland & Co. LLC purchased a new stake in Mattel in the 3rd quarter valued at about $165,000. Finally, ETF Managers Group LLC purchased a new stake in Mattel in the 2nd quarter valued at about $195,000. Institutional investors own 93.66% of the company’s stock.

WARNING: This report was posted by Week Herald and is the property of of Week Herald. If you are viewing this report on another website, it was stolen and republished in violation of international copyright and trademark legislation. The correct version of this report can be accessed at https://weekherald.com/2017/12/27/mattel-mat-bonds-trading-0-4-lower.html.

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.

Receive News & Ratings for Mattel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mattel and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply