An issue of Mattel (NASDAQ:MAT) bonds rose 1.6% against their face value during trading on Monday. The high-yield issue of debt has a 4.35% coupon and is set to mature on October 1, 2020. The bonds in the issue are now trading at $100.25 and were trading at $98.00 one week ago. Price changes in a company’s bonds in credit markets sometimes predict parallel changes in its share price.
A number of equities analysts recently commented on the company. Barclays cut Mattel from an “equal weight” rating to an “underweight” rating and set a $16.00 target price for the company. in a report on Friday, March 9th. UBS lowered their target price on Mattel from $18.00 to $16.00 and set a “buy” rating for the company in a report on Thursday, March 29th. Stifel Nicolaus lowered their target price on Mattel from $15.50 to $14.00 and set a “hold” rating for the company in a report on Wednesday, April 4th. BidaskClub cut Mattel from a “sell” rating to a “strong sell” rating in a report on Tuesday, March 20th. Finally, Jefferies Group set a $13.00 target price on Mattel and gave the company a “hold” rating in a report on Sunday, April 22nd. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $17.83.
Shares of Mattel traded down $0.01, hitting $15.01, during midday trading on Wednesday, according to Marketbeat Ratings. The company had a trading volume of 3,223,475 shares, compared to its average volume of 6,031,627. The company has a debt-to-equity ratio of 2.92, a quick ratio of 1.56 and a current ratio of 2.25. The stock has a market capitalization of $5.11 billion, a PE ratio of -13.90 and a beta of 0.98. Mattel has a 1 year low of $12.21 and a 1 year high of $23.11.
Mattel (NASDAQ:MAT) last announced its quarterly earnings data on Thursday, April 26th. The company reported ($0.60) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.39) by ($0.21). The company had revenue of $708.40 million during the quarter, compared to analysts’ expectations of $687.70 million. Mattel had a negative net margin of 25.79% and a negative return on equity of 32.79%. The business’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.32) EPS. analysts predict that Mattel will post -0.45 EPS for the current year.
Institutional investors and hedge funds have recently made changes to their positions in the company. Calton & Associates Inc. purchased a new position in shares of Mattel in the 4th quarter valued at about $112,000. Rampart Investment Management Company LLC boosted its stake in shares of Mattel by 118.9% in the 1st quarter. Rampart Investment Management Company LLC now owns 10,127 shares of the company’s stock valued at $133,000 after buying an additional 5,500 shares during the period. Oppenheimer & Co. Inc. purchased a new position in shares of Mattel in the 1st quarter valued at about $164,000. Wolverine Asset Management LLC purchased a new position in shares of Mattel in the 4th quarter valued at about $177,000. Finally, Cubist Systematic Strategies LLC boosted its stake in shares of Mattel by 13,860.4% in the 1st quarter. Cubist Systematic Strategies LLC now owns 14,100 shares of the company’s stock valued at $185,000 after buying an additional 13,999 shares during the period.
Mattel Company Profile
Mattel, Inc designs, manufactures, and markets a range of toy products worldwide. The company operates in three segments: North America, International, and American Girl. It offers Mattel Girls & Boys branded products, including Barbie dolls and accessories, Monster High, DC Super Hero Girls, Enchantimals, Polly Pocket, Hot Wheels and Matchbox vehicles and play sets, CARS, DC Comics, WWE Wrestling, Minecraft, Toy Story, and games and puzzles.
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