|Bid||20.81 x 900|
|Ask||21.29 x 1800|
|Day's Range||20.73 - 21.26|
|52 Week Range||7.54 - 23.31|
|Beta (5Y Monthly)||1.51|
|PE Ratio (TTM)||33.28|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Aug 21, 2017|
|1y Target Est||N/A|
Toymaker Mattel is encouraging kids to return Barbies, Matchbox cars and MEGA Bloks they no longer play with to the company for recycling into new toys. The goal of the company's new 'Playback' program is to recover and reuse materials across all products and packaging by 2030, Mattel said as it announced the program this week. "Mattel's Playback program is a great step," said Jim Silver, CEO of TTPM, a toy industry research firm.
Mattel Inc. said Monday that it has launched a toy recycling program, Mattel PlayBack, in which the company will accept used toys for recycling and reuse. Participants can print a shipping label on the PlayBack website and send the toy back to Mattel where it will be sorted and used for new toys. Right now, Mattel is accepting toys from the Barbie, Matchbox and MEGA brands. The program is available in the U.S. and Canada, with plans to add France, Germany and the U.K. through third-party partnerships. New brands will also be added. The program aims to help push the company towards 100% recycled, recyclable or bio-based plastic materials across all products and packaging by 2030. Mattel stock has gained 24.8% for the year to date while the S&P 500 index is up 12% for the period.
Mattel (MAT) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.