Mattel (MAT) Bond Prices Rise 0.8%

An issue of Mattel, Inc. (NASDAQ:MAT) debt rose 0.8% against its face value during trading on Monday. The high-yield debt issue has a 6.75% coupon and is set to mature on December 31, 2025. The debt is now trading at $99.81 and was trading at $94.50 one week ago. Price changes in a company’s debt in credit markets sometimes predict parallel changes in its share price.

A number of research firms have recently commented on MAT. Zacks Investment Research reissued a “hold” rating on shares of Mattel in a research note on Tuesday, November 13th. Cfra downgraded Mattel to a “sell” rating and set a $13.00 price objective on the stock. in a research note on Friday. MKM Partners boosted their price objective on Mattel to $15.00 and gave the stock a “neutral” rating in a research note on Monday. BidaskClub raised Mattel from a “sell” rating to a “hold” rating in a research note on Tuesday, November 27th. Finally, ValuEngine downgraded Mattel from a “buy” rating to a “hold” rating in a research note on Thursday, December 13th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $14.25.

Shares of NASDAQ MAT traded up $0.51 during mid-day trading on Monday, reaching $15.74. The company had a trading volume of 16,299,077 shares, compared to its average volume of 6,465,843. The company has a quick ratio of 1.44, a current ratio of 1.88 and a debt-to-equity ratio of 4.26. The stock has a market capitalization of $5.26 billion, a price-to-earnings ratio of -13.81, a PEG ratio of 114.22 and a beta of 1.38. Mattel, Inc. has a 1-year low of $9.09 and a 1-year high of $18.02.

Mattel (NASDAQ:MAT) last issued its earnings results on Thursday, February 7th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.11) by $0.15. The business had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Mattel had a negative return on equity of 43.47% and a negative net margin of 11.77%. The company’s quarterly revenue was down 5.4% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.72) EPS. As a group, analysts anticipate that Mattel, Inc. will post 0.01 earnings per share for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Oregon Public Employees Retirement Fund grew its holdings in shares of Mattel by 906.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 373,676 shares of the company’s stock valued at $37,000 after buying an additional 336,550 shares in the last quarter. Delta Asset Management LLC TN boosted its position in Mattel by 19.2% during the fourth quarter. Delta Asset Management LLC TN now owns 7,100 shares of the company’s stock valued at $71,000 after purchasing an additional 1,145 shares during the last quarter. Ffcm LLC boosted its position in Mattel by 149.7% during the fourth quarter. Ffcm LLC now owns 7,802 shares of the company’s stock valued at $78,000 after purchasing an additional 4,678 shares during the last quarter. Federated Investors Inc. PA acquired a new stake in Mattel during the third quarter valued at $83,000. Finally, Caption Management LLC acquired a new stake in Mattel during the fourth quarter valued at $100,000.

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About Mattel (NASDAQ:MAT)

Mattel, Inc designs, manufactures, and markets a range of toy products worldwide. The company operates in three segments: North America, International, and American Girl. It offers Mattel Girls & Boys branded products, including Barbie dolls and accessories, Monster High, DC Super Hero Girls, Enchantimals, Polly Pocket, Hot Wheels and Matchbox vehicles and play sets, CARS, DC Comics, WWE Wrestling, Minecraft, Toy Story, and games and puzzles.

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