|Bid||86.30 x 900|
|Ask||88.00 x 800|
|Day's Range||86.09 - 86.81|
|52 Week Range||76.84 - 109.60|
|Beta (3Y Monthly)||1.13|
|PE Ratio (TTM)||49.59|
|Earnings Date||Feb 5, 2019 - Feb 11, 2019|
|Forward Dividend & Yield||2.72 (3.11%)|
|1y Target Est||99.93|
Toy makers came to New York to showcase the hottest products and trends in the industry. Roselle Chen reports.
Yahoo Finance's Jackie DeAngelis and Brian Sozzi discuss the toy industry, Toys "R" Us, and future projects for Hasbro with Brian Goldner, Hasbro CEO.
Funko acquires board game company to help drive the stock. Yahoo Finance’s Alexis Christoforous and Brian Sozzi sit down with Funko CEO Brian Mariotti.
After appearing to make a comeback, Mattel (NASDAQ:MAT) again finds itself losing the confidence of investors. The toymaker issued weak guidance just one week after indicating differently in its Feb. 7 quarterly report. Mattel stock dived in mid-day trading following the news. Source: Horantheworld via Flickr (Modified)This likely means a state of decline will continue for the maker of Barbie, Hot Wheels, Fisher-Price, and other iconic toy brands. It also calls into question what will happen to Mattel's current management team, and maybe Mattel itself.Considering the renewed level of uncertainty surrounding the toymaker, I think investors should stay away from MAT stock.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Healthy Dividend Stocks to Buy for Extra Stability A Wild February for Mattel StockThis news stands in contrast to the previous earnings report. When the company announced fourth quarter and full year 2018 earnings on Feb. 7. At that time, they stated, "2018 was a great year for Barbie, which sustained growth and continued momentum globally."They concluded by saying they looked forward to celebrating the 60th anniversary of the iconic doll in 2019. The stock saw a one-day pop of 23.7% following the news.One week later, while at an analyst meeting, they downgraded forward guidance, citing slowing Barbie sales. Not only is this bad news for MAT, but it also calls into question why they did not bring this up during quarterly earnings.This unnerved investors as Mattel stock nosedived in the final 80 minutes of Friday trading. As a result, Mattel stock plunged by more than 18% on the trading day. A Comeback DelayedThis comes as a huge setback for those hoping for a long-awaited comeback in Mattel stock. MAT had reached a high of almost $48 per share in late 2013. It spent the next five years in a steady decline. In December, MAT stock appeared to have formed a double-bottom in the $9 per share range. Before the delivered guidance, it had reached almost $18 per share.Even after falling below the $14 per share level, we have a stock with a forward price-to-earnings (PE) exceeding 25. Also, the average long-term growth rate that analysts forecasted at 10% per year.I do not know if Wall Street will revise that lower. However, that leaves Mattel as an equity in an old-line business with a management team that just lost the confidence of many investors. Those kinds of financials will not attract buyers under these conditions. This also makes a certain outcome for MAT more likely. Upper Management Isn't the Only ProblemEarly last year, I stated that Mattel might have to merge with its direct peer Hasbro (NYSE:HAS) for both to compete. In an age when more kids are treating Apple (NASDAQ:AAPL) iPads or Samsung (OTCMKTS:SSNLF) tablets as toys, old-school toymakers have yet another electronic competitor.Also, that does not consider games from the likes of Activision (NASDAQ:ATVI), EA (NASDAQ:EA), and Take-Two (NASDAQ:TTWO) which have posed a competitive threat for decades.Moreover, with the rise of ecommerce, an individual can market their self-created board games on Amazon (NASDAQ:AMZN) or a Shopify (NYSE:SHOP) site. The Cashflow board game from Rich Dad serves as a good example.I still think non-electronic toys have a place. However, given these conditions, today's market may not have room for two companies like Mattel. Still, with this level of uncertainty surrounding Mattel stock, I do not think investors should buy into this dip. The Bottom Line on Mattel StockThe weak guidance, as well as the strange conditions by which management issued their forward-looking conditions, mean prospective buyers should stay away.By acting in this manner, Mattel's leadership made a challenging situation much worse. Not only did they dampen expectations, but management also divulged their bad news in a way that diminishes confidence in the management team itself.Many will wonder whether this makes Mattel stock a buy or a buyout. I do not think we can know at this point. However, with diminished confidence, this stock can easily retest the $9 per share low. Given those possibilities, I think investors should declare "game over."As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Smart Money Stocks to Buy Now * The 10 Best Cheap Stocks to Buy Right Now * 7 Restaurant Stocks to Watch in 2019 Compare Brokers The post Following Guidance Surprise, Avoid Toying with Mattel Stock appeared first on InvestorPlace.
KeyBanc analyst Brett Andress maintains an overweight rating on Hasbro with a $110 price target. The toy industry went through major disruption last year when Toys R Us went out of business, shutting down a major sales pipeline for the biggest toymakers.
If you thought Hasbro was already milking the Fortnite trend for all it'sworth with an official Nerf gun, you haven't seen anything yet
, maker of Barbie and Hot Wheels toys, was riding high when it reported fourth-quarter earnings last week. , its holiday sales performance seemed to leave its rival in the dust. Investors sent Mattel’s stock up 26% the session after it released earnings while Hasbro’s sank.
The company, which was hit hard by the bankruptcy and closure of toy retailer Toys R Us, has been introducing new strategies to right its sales. As shelf space is more limited now that Toys R Us has shuttered, Hasbro is turning to e-commerce instead of brick and mortar locations. Another way for Hasbro to drive sales in 2019 is by working with popular brands like "Star Wars," Marvel and Fortnite.
Hasbro has a new toy for the future Jedi in your life. The toy connected to a smartphone app via Bluetooth to provide Jedis-in-training with interactive challenges that teach them to fight like their favorite Star Wars characters. Similar to Lenovo's augmented reality game Star Wars: Jedi Challenges, Lightsaber Academy comes with a standard, extendable lightsaber base.
With the aim of reviving sales and building solid business that is capable of attracting more customers, Mattel (MAT) partners with Illumination and Universal Brand Development.
The third season of Stranger Things won't arrive until July, but you might be able to while away some of the time by checking out the Dungeons and Dragons adventure the gang plays in the first episode. Hasbro is releasing a D&D starter kit based on "Hunt for the Thessalhydra" on April 22nd.
The two biggest players in the industry, Hasbro Inc. (NASDAQ: HAS) and Mattel Inc. (NASDAQ: MAT), both look set for 2019 growth, a Wells Fargo analyst said Wednesday. Wells Fargo’s Timothy Conder reaffirmed his Outperform rating on Mattel and raised his target price to $20 from $16. The landscape looks particularly good for Mattel, which reported a strong fourth quarter thanks to its top two brands, Hot Wheels and Barbie.
CARLSBAD, Calif., Feb. 13, 2019 /PRNewswire/ -- USAopoly® (The OP), the board game and puzzle publisher behind best-selling party games Telestrations® and Blank Slate™, today unveiled a new logo and website as it commemorates its 25th anniversary in business. "We have seen continued growth, and through last year's Harry Potter™: Hogwarts™ Battle and Blank Slate, we once again demonstrated our ability to translate passion into success.
Mattel Inc. was upgraded to hold from sell at CFRA on news that Toys 'R' Us, which liquidated last year, is making a comeback. CFRA lifted its price target to $15 from $13. The retailer expects to be back by the holiday season under the name Tru Kids Brands. "While we still expect toy makers to struggle as children play with tablets more than traditional toys, we view Tru Kids as an outlet for Mattel to clear inventories and recover lost sales from Toys 'R' Us. CFRA maintained its hold stock rating on Hasbro Inc. and $80 price target. Mattel shares are up nearly 4% over the past year, Hasbro shares have lost almost 6%, and the S&P 500 index has gained 3.5% for the period.
Not every video game company lives and dies by the same MAUs as "Fortnite," and investors can take advantage of skewed perceptions here.
Toymaker Hasbro, Inc. (NASDAQ: HAS) reported Friday with fourth-quarter results that were negatively impacted by the Toys R Us liquidation. Any persisting issues from the Toys R Us "disruption" will likely come to an end in the first quarter of 2019, Hasbro Chairman and CEO Brian Goldner told CNBC's Jim Cramer in a Monday interview. This year should bring an expansion of Hasbro's operating profit margin on the basis of new initiatives and innovation, along with an "incredible entertainment slate" led by its own brands, the executive said.