|Bid||10.93 x 4000|
|Ask||10.94 x 1400|
|Day's Range||10.60 - 10.98|
|52 Week Range||9.09 - 17.98|
|Beta (3Y Monthly)||1.92|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 23, 2019 - Jul 29, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||14.21|
NEW YORK, NY / ACCESSWIRE / May 7, 2019 / Pomerantz LLP announces that a class action lawsuit has been filed against Mattel, Inc. (''Mattel'' or the ''Company'') (MAT) and certain of its officers and directors. The class action, filed in United States District Court, Central District of California, is on behalf of a class consisting of all persons and entities, other than Defendants and their affiliates, who acquired Mattel securities between February 7, 2019, and February 15, 2019, inclusive (the ''Class Period''), seeking to pursue remedies under the Securities Exchange Act of 1934 (the ''Exchange Act''). If you are a shareholder who purchased Mattel securities between February 7, 2019, and February 15, 2019, you have until May 6, 2019, to ask the Court to appoint you as Lead Plaintiff for the class.
EL SEGUNDO, Calif., May 7, 2019 /PRNewswire/ -- Mattel, Inc. (MAT) today announced the appointment of Jamie Cygielman, veteran marketing executive and former Chief Marketing Officer of Iconix Brand Group, as Senior Vice President and General Manager of American Girl. Ms. Cygielman will lead the award-winning American Girl brand across its global consumer base through toys, content and experiences and she will be responsible for brand and product strategy. Ms. Cygielman will report to Richard Dickson, Mattel's President and Chief Operating Officer.
Mattel Inc NASDAQ/NGS:MATView full report here! Summary * Perception of the company's creditworthiness is positive * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is high Bearish sentimentShort interest | NegativeShort interest is extremely high for MAT with more than 20% of shares on loan. This means that investors who seek to profit from falling equity prices are currently targeting MAT. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding MAT totaled $3.61 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Goods sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator. MAT credit default swap spreads are near the lowest level of the last one year and indicate improvement in the market's perception of the company's credit worthiness.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
NEW YORK, May 06, 2019 -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against the following.
Law Offices of Howard G. Smith reminds investors of the upcoming May 6, 2019 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased Mattel, Inc. (“Mattel” or the “Company”) (Nasdaq: MAT) securities between February 7, 2019 and February 15, 2019, inclusive (the “Class Period”). Mattel investors have until May 6, 2019 to file a lead plaintiff motion in this class action.
Glancy Prongay & Murray LLP (“GPM”) reminds investors of the May 6, 2019 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased Mattel, Inc. (“Mattel” or the “Company”) (NASDAQ: MAT) securities between February 7, 2019 and February 15, 2019, inclusive (the “Class Period”).Mattel investors have until May 6, 2019 to file a lead plaintiff motion in this class action.
NEW YORK, NY / ACCESSWIRE / May 3, 2019 / Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against the following publicly-traded companies. You can review ...
NEW YORK, May 01, 2019 -- Bragar Eagel & Squire, P.C. reminds investors that class action lawsuits have been commenced on behalf of stockholders of Weight Watchers.
Hasbro has been raking in sales from Disney’s Marvel superhero craze for years. Now Mattel is making a similar play with a deal to sell toys based on several popular Disney Pixar films.
NEW YORK, May 01, 2019 -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against the following.
Gibbs Law Group announces that a class action lawsuit was filed on behalf of investors of Mattel, Inc. (MAT) who purchased shares between February 7 and February 15, 2019. The lawsuit seeks to recover Mattel investors’ losses. The deadline to apply to be lead plaintiff is May 6.
NEW YORK, NY / ACCESSWIRE / May 1, 2019 / Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed againstthe following publicly-traded companies. You can review ...
is looking to capitalize with an expanded deal with the movie production companies. "Pixar is a legendary animation studio renowned for creating some of the most iconic and diverse sets of characters," said Janet Hsu, chief franchise management officer of Mattel.
Investors initially saw first-quarter earnings from Mattel (NASDAQ:MAT) as a blowout win. MAT stock gained more than 10% in after-hours trading. It opened the following day up over 8%. Yet Mattel stock would eventually close down over 1%.Source: Shutterstock Looking closer at the headline beat, investors didn't like what they saw quite as much. And it's hard not to see an echo of what happened after last year's first quarter. As I wrote at the time, Mattel stock opened the day after Q1 2018 earnings up 9%. By the end of that trading day, the gains were mostly erased. Less than eight months later, MAT stock would hit a 17-year low.To be sure, it's not guaranteed -- or even likely -- that Mattel stock will tank in 2019 as well. And there was some good news in Q1. But the toymaker still has very serious problems. These headwinds sunk MAT stock last year. This year, they're likely to at best keep a lid on the recent rally.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Mattel EarningsFrom a broad standpoint, there are two ways to look at Mattel stock. Bears see a business in long-term decline. Products like Barbie and Matchbox cars will likely see future sales decreases. That implies falling profits, potentially adding to Mattel's debt load of over $2.8 billion. * 7 Stocks to Buy That Ought to Buy Back Shares To bulls, it's an attractive turnaround play. Cost-cutting should help margins. One-time headwinds, most notably the 2017 bankruptcy of Toys "R" Us, will fade. Real value remains in the company's intellectual property. New franchises from Disney (NYSE:DIS) and other content creators will create new merchandising opportunities for Mattel and rival Hasbro (NASDAQ:HAS). And both companies are among potential buyers of Mattel for that IP, particularly if the company can drive margin improvement in coming years.Both sides probably see Mattel earnings as supporting their respective cases. Mattel revenue was much stronger than expected, dropping just 2.7% against consensus expectations for an 8% decline. Net revenue actually rose 1% in constant currency, per the Q1 release.Additionally, Barbie sales rose 13% after a 24% rise the year before. Hot Wheels revenue climbed 9%. Adjusted gross margins expanded 670 basis points to 38%. Operating loss in Q1 -- Mattel's smallest and least profitable quarter -- narrowed by nearly $150 million.However, the critics would argue it's simply not enough. Mattel still posted an adjusted operating loss over $100 million. The recall of Fisher-Price sleepers will lead to a loss of $30 million-$35 million in full-year revenue. Cost-cutting is driving the gains: management said the company achieved $610 million of annual run-rate savings.Those savings should have driven $155 million in earnings improvement in the quarter, which is basically what we saw. There's only about $40 million more to go. Theoretically, once those savings are exhausted, so too is a key tailwind for MAT earnings. What Now for Mattel Stock?So, the obvious question coming around of earnings is, what now? Mattel didn't raise full-year guidance, keeping its range at $350 million-$450 million in adjusted EBITDA. Revenue is expected to be flat. The company is planning for more savings in 2020 and beyond thanks to a new "capital light" model. But even with some help, Mattel stock remains a long way from cheap.For example, the high end of EBITDA guidance suggests minimal profits and light free cash flow. That's hardly enough to support a current $4.4 billion market capitalization. Net debt still is over 6x EBITDA, a concerning figure. As a result, Mattel's long-term bonds (due 2040 and 2041) trade at "junk" levels.In other words, Mattel still is pricing in growth from here that goes beyond cost savings alone. And even with the optimism toward Q1 sales, it remains exceedingly difficult to see from where that growth will come. Video games still are attracting more children than toys. Future licensing opportunities won't come cheap.Meanwhile, the company's handling of the Fisher-Price sleeper -- which is reportedly linked to a shocking 32 deaths -- seems questionable at best. So does the assertion from management that the recall would have no impact on the long-trusted Fisher-Price brand.Aside from the tragic human cost, the handling highlights long-running management concerns, as Bronte Capital pointed out in a scathing blog post. To summarize, Mattel spent billions buying back MAT stock, and shareholders now are paying the price. Risks to MAT StockAgain, I'm not arguing that Mattel stock will repeat recent history and lose over a third of its value. But further declines do seem likely.MAT stock isn't cheap from an earnings basis. Management concerns persist. And it's worth noting that video game companies like Electronic Arts (NASDAQ:EA) and Activision Blizzard (NASDAQ:ATVI) -- which enjoy higher demand from American kids -- are much cheaper than they were a year ago.More broadly, Mattel stock has been going in the wrong direction for years now. Sure, we've seen some sharp bounce-backs from spike lows. But MAT is fading again, as it has for years now. Not enough exists in the Q1 results, even with a consensus beat, to argue convincingly that this time will be different.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 7 A-Rated Stocks That Are Under $10 * 3 Scorching Hot Bank Stocks to Consider Now * 10 Stocks to Sell Before They Give Back 2019 Gains * 7 Stocks to Buy That Ought to Buy Back Shares Compare Brokers The post History Will Repeat for Mattel Stock appeared first on InvestorPlace.
Shares of Mattel Inc. shot up 6.2% in premarket trade Wednesday, after the toy maker announced the expansion of its licensing deal with Walt Disney Co. for Disney's Pixar Animation Studios. The expansion will include new titles and the design and development of toys inspired by characters from Pixar's films, such as "Coco," "Finding Nemo," Monsters, Inc.," "The Incredibles" and the upcoming "Onward." The new agreement builds on Mattel's relationship with Disney and Pixar, which includes "Toy Story 3" and the "Cars" franchise. "Pixar is a legendary animation studio renowned for creating some of the most iconic and diverse sets of characters," said Mattel Chief Franchise Management Officer Janet Hsu. Mattel's stock has rallied 22% year to date through Tuesday, while Disney shares have soared 25% and the Dow Jones Industrial Average has gained 14%.
- Mattel furthers its relationship with Disney and Pixar to build on the success of "Toy Story 3" and "Cars" franchises ahead of the highly-anticipated "Toy Story 4." - Mattel ...
NEW YORK, NY / ACCESSWIRE / April 30, 2019 / Pomerantz LLP announces that a class action lawsuit has been filed against Mattel, Inc. (''Mattel'' or the ''Company'') (MAT) and certain of its officers and directors. The class action, filed in United States District Court, Central District of California, is on behalf of a class consisting of all persons and entities, other than Defendants and their affiliates, who acquired Mattel securities between February 7, 2019, and February 15, 2019, inclusive (the ''Class Period''), seeking to pursue remedies under the Securities Exchange Act of 1934 (the ''Exchange Act''). If you are a shareholder who purchased Mattel securities between February 7, 2019, and February 15, 2019, you have until May 6, 2019, to ask the Court to appoint you as Lead Plaintiff for the class.