Mattel (MAT) Bond Prices Fall 1%

An issue of Mattel, Inc. (NASDAQ:MAT) bonds fell 1% as a percentage of their face value during trading on Monday. The high-yield debt issue has a 5.45% coupon and will mature on November 1, 2041. The bonds in the issue are now trading at $95.18. Price moves in a company’s bonds in credit markets sometimes predict parallel moves in its stock price.

A number of research analysts recently issued reports on MAT shares. Monness Crespi & Hardt increased their price objective on Mattel from $22.00 to $27.00 and gave the stock a “buy” rating in a report on Wednesday, October 11th. TheStreet downgraded Mattel from a “c” rating to a “d” rating in a report on Thursday, October 26th. BMO Capital Markets increased their price objective on Mattel from $23.00 to $25.00 and gave the stock an “outperform” rating in a report on Monday, October 30th. BidaskClub downgraded Mattel from a “sell” rating to a “strong sell” rating in a report on Saturday, November 4th. Finally, Jefferies Group reiterated a “hold” rating and set a $17.00 price objective on shares of Mattel in a report on Thursday, September 7th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Mattel currently has a consensus rating of “Hold” and an average target price of $21.79.

Shares of Mattel, Inc. (NASDAQ MAT) traded down $0.41 during midday trading on Monday, reaching $16.85. The company had a trading volume of 8,061,439 shares, compared to its average volume of 7,942,769. Mattel, Inc. has a 1 year low of $12.71 and a 1 year high of $31.60. The company has a quick ratio of 0.89, a current ratio of 1.32 and a debt-to-equity ratio of 1.31. The firm has a market capitalization of $5,932.77, a PE ratio of 115.07, a PEG ratio of 44.38 and a beta of 1.00.

Mattel (NASDAQ:MAT) last issued its quarterly earnings results on Thursday, October 26th. The company reported $0.09 EPS 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 period last year, the company posted $0.70 earnings per share. The business’s revenue for the quarter was down 13.1% on a year-over-year basis. sell-side analysts forecast that Mattel, Inc. will post 0.04 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Sentry Investment Management LLC boosted its position in Mattel by 0.3% during the second 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 last quarter. Louisiana State Employees Retirement System boosted its position in Mattel by 1.0% during the second quarter. Louisiana State Employees Retirement System now owns 21,200 shares of the company’s stock valued at $456,000 after purchasing an additional 200 shares during the last quarter. Private Advisor Group LLC boosted its position in Mattel by 1.3% during the second 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 last quarter. Simmons Bank boosted its position in Mattel by 0.6% during the second 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 last quarter. Finally, Thrivent Financial For Lutherans boosted its position in Mattel by 3.2% during the second 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 last quarter. 93.86% of the stock is owned by hedge funds and other institutional investors.

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Mattel Company Profile

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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