Mattel Inc. (MAT) Set to Announce Earnings on Wednesday
Mattel Inc. (NASDAQ:MAT) is scheduled to issue its Q316 quarterly earnings data on Wednesday, October 19th.
Mattel Inc. (NASDAQ:MAT) opened at 30.18 on Tuesday. Mattel Inc. has a 12 month low of $22.63 and a 12 month high of $34.76. The stock’s 50 day moving average is $31.44 and its 200-day moving average is $32.04. The firm has a market capitalization of $10.28 billion, a price-to-earnings ratio of 29.88 and a beta of 0.99.
In other news, EVP Geoffrey H. Walker sold 7,128 shares of the firm’s stock in a transaction that occurred on Tuesday, August 30th. The shares were sold at an average price of $33.57, for a total value of $239,286.96. Following the sale, the executive vice president now directly owns 39,348 shares in the company, valued at approximately $1,320,912.36. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.88% of the stock is currently owned by insiders.
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A number of large investors have recently bought and sold shares of the company. National Asset Management Inc. acquired a new stake in Mattel during the second quarter valued at approximately $206,000. Bank of Nova Scotia increased its stake in Mattel by 6.5% in the second quarter. Bank of Nova Scotia now owns 6,756 shares of the company’s stock valued at $211,000 after buying an additional 410 shares in the last quarter. Ontario Teachers Pension Plan Board acquired a new stake in Mattel during the second quarter valued at approximately $260,000. Pacer Advisors Inc. increased its stake in Mattel by 0.7% in the second quarter. Pacer Advisors Inc. now owns 10,374 shares of the company’s stock valued at $325,000 after buying an additional 70 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in Mattel by 4.6% in the second quarter. Thrivent Financial for Lutherans now owns 10,460 shares of the company’s stock valued at $327,000 after buying an additional 460 shares in the last quarter. Institutional investors and hedge funds own 95.50% of the company’s stock.
MAT has been the topic of several research analyst reports. Zacks Investment Research raised shares of Mattel from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a research report on Tuesday, June 21st. MKM Partners reissued a “hold” rating and issued a $33.00 price objective on shares of Mattel in a research report on Tuesday, July 12th. B. Riley reissued a “buy” rating and issued a $38.00 price objective on shares of Mattel in a research report on Thursday, July 21st. Jefferies Group set a $36.00 price objective on shares of Mattel and gave the company a “buy” rating in a research report on Thursday, July 21st. Finally, Piper Jaffray Cos. reissued a “neutral” rating and issued a $30.00 price objective (up from $28.00) on shares of Mattel in a research report on Friday, July 22nd. Five research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $35.48.
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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