Mattel (MAT) Bonds Rise 1.1% During Trading

An issue of Mattel, Inc. (NASDAQ:MAT) bonds rose 1.1% as a percentage of their face value during trading on Thursday. The debt issue has a 3.15% coupon and is set to mature on March 15, 2023. The bonds in the issue are now trading at $89.10 and were trading at $87.47 last week. Price moves in a company’s bonds in credit markets often anticipate parallel moves in its share price.

MAT has been the topic of several recent analyst reports. Jefferies Group set a $14.00 price objective on shares of Mattel and gave the company a “hold” rating in a report on Tuesday, December 12th. BidaskClub downgraded shares of Mattel from a “sell” rating to a “strong sell” rating in a report on Saturday, November 4th. ValuEngine raised shares of Mattel from a “sell” rating to a “hold” rating in a research note on Tuesday, November 14th. Citigroup raised their price target on shares of Mattel from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, DA Davidson raised shares of Mattel from an “underperform” rating to a “neutral” rating and set a $12.00 price target on the stock in a research note on Friday, November 3rd. Thirteen research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $19.00.

Shares of Mattel, Inc. (NASDAQ MAT) traded up $1.27 during mid-day trading on Friday, reaching $17.27. 9,840,000 shares of the company’s stock were exchanged, compared to its average volume of 6,490,000. The company has a quick ratio of 1.55, a current ratio of 1.92 and a debt-to-equity ratio of 2.28. Mattel, Inc. has a one year low of $12.71 and a one year high of $26.30. The stock has a market capitalization of $6,410.00, a P/E ratio of -5.64, a PEG ratio of 13.36 and a beta of 1.00.

Mattel (NASDAQ:MAT) last issued its earnings results on Thursday, February 1st. The company reported ($0.72) EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.93). Mattel had a negative return on equity of 21.37% and a negative net margin of 21.59%. The firm had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.69 billion. During the same period last year, the firm earned $0.52 earnings per share. Mattel’s revenue for the quarter was down 12.2% on a year-over-year basis. analysts anticipate that Mattel, Inc. will post 0.13 earnings per share for the current fiscal year.

A number of hedge funds have recently modified their holdings of MAT. Wealthfront Inc. increased its position in shares of Mattel by 158.6% during the fourth quarter. Wealthfront Inc. now owns 49,612 shares of the company’s stock valued at $763,000 after acquiring an additional 30,425 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Mattel during the fourth quarter valued at about $187,000. UBS Asset Management Americas Inc. increased its position in shares of Mattel by 1.7% during the fourth quarter. UBS Asset Management Americas Inc. now owns 1,123,414 shares of the company’s stock valued at $17,278,000 after acquiring an additional 19,134 shares during the last quarter. Rhumbline Advisers increased its position in shares of Mattel by 1.7% during the fourth quarter. Rhumbline Advisers now owns 640,847 shares of the company’s stock valued at $9,856,000 after acquiring an additional 10,537 shares during the last quarter. Finally, Levin Capital Strategies L.P. increased its position in shares of Mattel by 78.0% during the fourth quarter. Levin Capital Strategies L.P. now owns 17,803 shares of the company’s stock valued at $274,000 after acquiring an additional 7,803 shares during the last quarter. 93.86% of the stock is currently owned by institutional investors.

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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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