Mattel (MAT) Bonds Trading 1.6% Lower

An issue of Mattel, Inc. (NASDAQ:MAT) debt fell 1.6% as a percentage of its face value during trading on Thursday. The high-yield issue of debt has a 5.45% coupon and is set to mature on November 1, 2041. The bonds in the issue are now trading at $84.25 and were trading at $82.88 one week ago. Price moves in a company’s debt in credit markets often anticipate parallel moves in its share price.

Several research analysts have weighed in on MAT shares. Jefferies Group set a $14.00 target price on Mattel and gave the stock a “hold” rating in a research report on Tuesday, December 12th. BidaskClub lowered Mattel from a “sell” rating to a “strong sell” rating in a research report on Saturday, November 4th. Monness Crespi & Hardt upped 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. ValuEngine raised Mattel from a “sell” rating to a “hold” rating in a report on Tuesday, November 14th. Finally, DA Davidson raised Mattel from an “underperform” rating to a “neutral” rating and set a $12.00 price objective on the stock in a report on Friday, November 3rd. Thirteen equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Mattel presently has a consensus rating of “Hold” and a consensus target price of $20.25.

Shares of Mattel, Inc. (NASDAQ MAT) traded down $0.23 during midday trading on Thursday, hitting $15.91. The stock had a trading volume of 2,973,600 shares, compared to its average volume of 6,660,000. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.89 and a current ratio of 1.32. The firm has a market cap of $5,470.00, a price-to-earnings ratio of -9.09, a price-to-earnings-growth ratio of 4.34 and a beta of 1.01. Mattel, Inc. has a fifty-two week low of $12.71 and a fifty-two week high of $31.60.

Mattel (NASDAQ:MAT) last issued its quarterly earnings data on Thursday, October 26th. The company reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate 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%. The business’s revenue was down 13.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.70 EPS. analysts predict that Mattel, Inc. will post -0.16 earnings per share for the current year.

A number of large investors have recently made changes to their positions in the stock. Sentry Investment Management LLC boosted its stake in Mattel by 0.3% during the 2nd quarter. Sentry Investment Management LLC now owns 25,759 shares of the company’s stock valued at $555,000 after purchasing an additional 67 shares during the period. Private Advisor Group LLC boosted its stake in Mattel by 1.3% during the 2nd quarter. Private Advisor Group LLC now owns 16,306 shares of the company’s stock valued at $341,000 after purchasing an additional 204 shares during the period. Simmons Bank boosted its stake in Mattel by 0.6% during the 2nd quarter. Simmons Bank now owns 55,546 shares of the company’s stock valued at $1,196,000 after purchasing an additional 339 shares during the period. Thrivent Financial For Lutherans boosted its stake in Mattel by 3.2% during the 2nd quarter. Thrivent Financial For Lutherans now owns 13,050 shares of the company’s stock valued at $281,000 after purchasing an additional 410 shares during the period. Finally, Utah Retirement Systems boosted its stake in Mattel by 0.8% during the 2nd quarter. Utah Retirement Systems now owns 62,755 shares of the company’s stock valued at $1,351,000 after purchasing an additional 500 shares during the period. Hedge funds and other institutional investors own 93.66% of the company’s stock.

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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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