Mattel EVP Acquires $38,890 in Stock (MAT)
Mattel (NYSE:MAT) EVP Peter D. Gibbons acquired 1,000 shares of the stock on the open market in a transaction dated Friday, May 16th. The stock was purchased at an average cost of $38.89 per share, with a total value of $38,890.00. Following the purchase, the executive vice president now directly owns 2,500 shares of the company’s stock, valued at approximately $97,225. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on MAT. Analysts at MKM Partners reiterated a “buy” rating on shares of Mattel in a research note on Monday, April 21st. They now have a $44.00 price target on the stock, down previously from $45.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Mattel in a research note on Monday, April 21st. They now have a $39.00 price target on the stock. Finally, analysts at Needham & Company LLC reiterated a “buy” rating on shares of Mattel in a research note on Monday, April 21st. They now have a $41.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. Mattel has a consensus rating of “Hold” and a consensus price target of $41.38.
Shares of Mattel (NYSE:MAT) traded down 0.49% on Monday, hitting $38.72. The stock had a trading volume of 1,772,906 shares. Mattel has a 1-year low of $34.98 and a 1-year high of $47.94. The stock’s 50-day moving average is $38.82 and its 200-day moving average is $41.27. The company has a market cap of $13.136 billion and a P/E ratio of 15.86.
Mattel (NYSE:MAT) last posted its quarterly earnings results on Thursday, April 17th. The company reported ($0.03) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.09 by $0.12. The company had revenue of $946.20 million for the quarter, compared to the consensus estimate of $953.92 million. During the same quarter in the prior year, the company posted $0.11 earnings per share. The company’s quarterly revenue was down 5.0% on a year-over-year basis. On average, analysts predict that Mattel will post $2.48 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, June 13th. Stockholders of record on Friday, May 23rd will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 3.93%. The ex-dividend date is Wednesday, May 21st.
Mattel, Inc (NYSE:MAT) designs, manufactures and markets a variety of toy products worldwide which are sold to its customers and directly to consumers.
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