|Bid||16.0900 x 4000|
|Ask||16.1000 x 2900|
|Day's Range||15.9850 - 16.2100|
|52 Week Range||12.2100 - 19.2100|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Amid an industry, plagued with soft demand and headwinds from Toys "R" Us liquidation, Hasbro (HAS) has greater chances of thriving on various innovative strategies compared with Mattel (MAT).
The U.S. administration will begin to levy new tariffs of 10 percent on about $200 billion of Chinese products on Sept. 24, with the tariffs to go up to 25 percent by the end of 2018. The following are comments made by U.S. companies after the Trump administration said on July 10 https://reut.rs/2m6Yu0r that it would slap tariffs on $200 billion of Chinese imports. ** Walmart Inc (WMT.N) warned that it may raise prices of products if the Trump administration imposes a tariff on Chinese imports.
This means that investors who seek to profit from falling equity prices are currently targeting MAT. Over the last month, growth of ETFs holding MAT is favorable, with net inflows of $30.85 billion. This is among the highest net inflows seen over the last one-year and the rate of additional inflows appears to be increasing.
While Toys R Us' bankruptcy helped fuel sales growth in the toy industry in the first half of the year, it won't do much to move the needle in the second half. Toy sales in July and August were down in the high-single digits, with September continuing that downward trend. Nostalgia over the loss of Toys R Us may have boosted toy sales in the beginning of the year, but it might not be enough to fuel holiday sales.
Wall Street grew a bit concerned in some quarters as rising wages prompted inflation fears. Elsewhere, key man risk took its toll on the stocks of a couple of major companies.
With the aim of reviving sales and building solid business that is capable of driving future capacities, Mattel (MAT) makes efforts to enhance its board.
The El Segundo company has added Judy Olian, president of Quinnipiac University and former dean of the UCLA Anderson School of Management, to its board of directors.
In the trailing four quarters, Mattel (MAT) has missed estimates in three quarters and beaten its estimates in one quarter. In the second quarter, Mattel’s sales were down 14.0%. Apart from the Toys “R” Us dissolution, a tougher year-over-year comparison regarding Cars sales and its soft China business subdued its growth.
On August 15, MKM Partners increased the price target for HAS stock to $115.00 from $92.00. It also raised its rating to “buy” from “neutral.” Consumer Edge Research commenced coverage with an “overweight” rating and a price target of $115.00. The 12-month average target price for Hasbro is $109.79, which reflects an 8.1% upside to its price on September 11.
On September 11, Mattel (MAT) and Hasbro (HAS) reported stock price increases of 2.6% and 11.8%, respectively, on a YTD (year-to-date) basis. In comparison, the S&P 500 Index has risen 8.0% on a YTD basis. After the massive disruption caused by the dissolution of Toys “R” Us, toy manufacturers are reinvigorating their growth strategies to drive sales and profitability. Growing e-commerce retailers are contributing to the challenging environment for toy manufacturing companies. In this series, we’ll discuss the analysts’ ratings and top-line growth strategies for Mattel and Hasbro.
Funko (NASDAQ:FNKO) stock has been a very fun name to trade so far this year. Funko stock went public in November at $12 per share, but got off to a very rough start. In fact, FNKO shares lost about 50% of their value and didn’t recover back to the $12 mark until June of this year.
On Thursday, the El Segundo, Calif.-based maker of Hot Wheels toy cars and Barbie dolls announced that it hired Academy Award-nominated producer Robbie Brenner as executive producer to lead newly formed Mattel Films.
Here are some of the companies with shares expected to trade actively in Friday’s session. Check back closer to the market open for an updated list. Verizon Communications Inc.—Down 0.8%: Tim Armstrong, the leader of Verizon’s media and advertising business, is in talks to exit, The Wall Street Journal reported.
On September 6, toymaker Mattel (MAT) announced that it is creating a movie division, Mattel Films, to develop content based on its extensive intellectual property (or IP). Mattel is one of the leading names in the toy manufacturing space. Some of its iconic brands include Barbie, Hot Wheels, Thomas & Friends, and Fisher-Price.
Taking a page from rival toy giant Hasbro, Mattel is launching a movie division. Mattel Films will focus on developing and producing movies based on its franchises, which include Barbie, Hot Wheels, American Girl, and Thomas & Friends. The unit will be led by Academy Award-nominated producer Robbie Brenner (“Dallas Buyers Club”), reporting to Mattel chief Ynon Kreiz.
Mattel Inc. is launching a film division to develop movies based on Barbie, Hot Wheels and other popular brands it owns, the struggling toy maker’s latest attempt to crack into Hollywood as its rivals have done. The El Segundo, Calif.-based company said Thursday that it hired Robbie Brenner, producer of films like the Oscar-nominated “Dallas Buyers Club,” as executive producer to lead the newly formed Mattel Films. Taylor Jewell/Associated Press Film producer Robbie Brenner will join Mattel to head up the toy maker’s new film division. Ms. Brenner’s hiring comes as Mattel’s new chief executive Ynon Kreiz aims to shift the company away from manufacturing toys and toward managing and monetizing its brands.
Let's check out the Yahoo Finance charts of the day. Campbell Soup (CPB): Shares are down in early trade, at around .24%. The Wall Street Journal is reporting that Third Point plans to replace Campbell Soup's entire board after the fund was underwhelmed by the company's plan to sell two business units. Twitter (TWIT): Shares are down here, at around .19%. Twitter has permanently banned controversial conspiracy theorist, Alex Jones off their platforms, Twitter and Periscope. The social media giant said that they took this action based on new reports of Tweets and videos posted that violate their abusive behavior policy, in addition to the accounts' past violations. Mattel (MAT): Shares up here, around .23%. Mattel is turning to Hollywood in an effort to bring new life into its roster of iconic characters. The owner of Fischer Price and Hot Wheels is launching a film division to produce features based on its popular toys like Barbie, Hot Wheels and other brands. For more on today's big stock movers check out the Final Round, live at 3:30 p.m. ET, right here on Yahoo Finance.
Friday, September 7: Elon Musk smokes weed with Joe Rogan, fueling more investor concerns; Mattel is launching Mattel Films and taps big producer to run it; Barnes & Noble reports big earnings miss. Yahoo Finance’s Dan Roberts serves up your Friday news fix.