Mattel Inc. (MAT) Set to Announce Earnings on Wednesday
Mattel Inc. (NASDAQ:MAT) will release its Q316 earnings data on Wednesday, October 19th.
Mattel Inc. (NASDAQ:MAT) opened at 30.18 on Tuesday. Mattel Inc. has a one year low of $22.63 and a one year high of $34.76. The firm has a 50-day moving average of $31.44 and a 200-day moving average of $32.04. The company has a market cap of $10.28 billion, a PE ratio of 29.88 and a beta of 0.99.
Several equities research analysts recently issued reports on MAT shares. Vetr raised shares of Mattel from a “buy” rating to a “strong-buy” rating and set a $41.14 price objective for the company in a research note on Monday, August 29th. Zacks Investment Research raised shares of Mattel from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research note on Wednesday, September 21st. Monness Crespi & Hardt raised shares of Mattel from a “neutral” rating to a “buy” rating and set a $37.00 price objective for the company in a research note on Monday, September 19th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $40.00 price objective on shares of Mattel in a research note on Tuesday, October 4th. Finally, Jefferies Group reiterated a “buy” rating and issued a $36.00 target price on shares of Mattel in a report on Thursday, October 13th. Five analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $35.48.
In other news, EVP Geoffrey H. Walker sold 7,128 shares of Mattel stock in a transaction dated Tuesday, August 30th. The shares were sold at an average price of $33.57, for a total transaction of $239,286.96. Following the sale, the executive vice president now directly owns 39,348 shares in the company, valued at approximately $1,320,912.36. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.88% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in MAT. National Asset Management Inc. purchased a new position in Mattel during the second quarter worth approximately $206,000. Bank of Nova Scotia raised its position in Mattel by 6.5% in the second quarter. Bank of Nova Scotia now owns 6,756 shares of the company’s stock worth $211,000 after buying an additional 410 shares during the period. Ontario Teachers Pension Plan Board purchased a new position in Mattel during the second quarter worth approximately $260,000. Pacer Advisors Inc. raised its position in Mattel by 0.7% in the second quarter. Pacer Advisors Inc. now owns 10,374 shares of the company’s stock worth $325,000 after buying an additional 70 shares during the period. Finally, Thrivent Financial for Lutherans raised its position in Mattel by 4.6% in the second quarter. Thrivent Financial for Lutherans now owns 10,460 shares of the company’s stock worth $327,000 after buying an additional 460 shares during the period. Hedge funds and other institutional investors own 95.50% of the company’s stock.
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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