|Bid||0.00 x 800|
|Ask||0.00 x 38800|
|Day's Range||13.63 - 14.32|
|52 Week Range||12.21 - 19.21|
|Beta (3Y Monthly)||0.80|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 25, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||15.35|
The S&P 500 and Dow Jones Industrial Average traded slightly lower on Monday, as early gains tracking a rally in China market faded with oil and financial stocks pushing the indexes lower. The markets, however, quickly turned lower, with analysts saying that neither China hope nor Italy relief was enough for Wall Street gains to sustain. "Futures rallied with China, which obviously has been down close to 30 percent this year, and there was news of government policy intervention that really wasn't for U.S. markets to be up," said Mike O'Rourke, chief market strategist in JonesTrading in Greenwich, Connecticut.
The company and rival Mattel Inc (MAT.O) have scrambled to find new avenues to sell their products following the sudden collapse of Toys 'R' Us, once the world's largest standalone toy retailer, a year ago. "As we go into 2019, we certainly believe we'll continue to make up for the Toys 'R' Us difference," Chief Executive Officer Brian Goldner said on a post-earnings call. Investor expectations were high going into the third quarter after Goldner and Wall Street analysts hinted the company may mitigate some of the impact from the toy retailer's bankruptcy in the second half of the year.
is already considered a much less well positioned firm than Hasbro. Hasbro acknowledged this morning, a larger impact then previously expected from the failure of Toys R Us, and that the firm was trying to work through it's excess inventories. Is there any reason at all to expect better results from Hasbro's competitor when they report this Thursday evening?
As of October 19, Mattel (MAT) was rated a “hold” by 75% of the 16 analysts covering the stock. Analysts are downbeat about Mattel’s third-quarter 2018 sales, which are expected to decline by 6.9%. Toys “R” Us troubles and the weak performance of Mattel’s brands (American Girl, Fisher-Price, Thomas & Friends) contributed to the slowdown in the company’s top-line growth.
Mattel (MAT) is scheduled to announce its third-quarter results on October 25. Mattel’s management hasn’t provided an EPS outlook for the third quarter. Under its Structural Simplification Program, Mattel has targeted savings of ~$650 million over the next two years by streamlining manufacturing and marketing costs and its stock-keeping units.
Wall Street analysts project Mattel (MAT) to report a sales decline of 6.9% to $1.49 billion in the third quarter of 2018. In contrast, Mattel reported a sales declines of 10.7% in the corresponding quarter last year. Mattel’s management hasn’t provided any guidance for the third quarter.
Investor expectations were high going into the quarter after Chief Executive Officer Brian Goldner and Wall Street analysts indicated that Hasbro may mitigate some of the loss from the toy retailer's bankruptcy in the second half of the year. Hasbro and rival Mattel Inc (MAT.O) have scrambled to find new avenues to sell their products following the sudden collapse of Toys 'R' Us, once the world's largest standalone toy retailer, last year.
YTD (year-to-date), Hasbro (HAS) stock has risen 8.2% to $98.31 as of October 12. In comparison, Mattel (MAT) and Jakks Pacific (JAKK) stocks have fallen 6.8% and 0.4%, respectively. Hasbro has been developing product lines inspired by recent movies, including Deadpool Venom and the upcoming Spider-Man: Into the Spider-Verse.
As of October 12, Hasbro (HAS) was rated a “buy” by 63% of the 16 analysts covering the stock. There has been just one change to Hasbro’s price target in the last 15 days. The 12-month average target price for Hasbro stock is $110.36, which reflects a 12.3% upside as of October 12.
Hasbro (HAS) is slated to announce its third-quarter results on October 22. Wall Street expects adjusted EPS of $2.24, reflecting a growth of 7.2% YoY (year-over-year). A lower tax rate should cushion its bottom line. Hasbro’s management hasn’t provided any outlook for the third quarter.
- Mr. Laursen held a variety of leadership roles at The LEGO Group for more than 25 years, including serving as President of LEGO Systems for over a decade, and was most recently CEO of TOP-TOY, the largest ...
Mattel CEO Ynon Kreiz is hoping that a foray into movies and television will revitalize the struggling toy company.
EL SEGUNDO, Calif., Oct. 9, 2018 /PRNewswire/ -- (MAT) – Today, Barbie® announces the Dream Gap Project, a multi-year global initiative to raise awareness around limiting factors that prevent girls from reaching their full potential. Girls' belief in themselves is impacted by these limiting factors, so Barbie is dedicated to funding research, highlighting positive role models and rallying a community around supporting girls through The Dream Gap Project.
The singer, in an Instagram post, took the unusual step of endorsing the Democratic candidate for the U.S. Senate in her home state of Tennessee.
According to toy checks Stifel analysts conducted during the calendar-year third quarter, Hasbro Inc. and MGA Entertainment, a privately-held toy company, were the "clear winners." Hasbro got a boost from Jenga, Monopoly and Play Doh, while MGA's LOL Surprise, a line of collectible dolls, was popular. Lego also performed better than previous periods, according to analysts led by Drew Crum. Mattel Inc. was mixed, with bestsellers Polly Pocket and Barbie, but declines in China. In a Mattel note, Stifel also says the company is feeling a "lingering (albeit waning) impact from the Toys 'R' Us liquidation, partially offset by expected progress through the company's 'structural simplification' initiatives." Stifel rates Mattel stock hold with a $15.50 price target. Analysts rate Hasbro shares hold but raised its price target to $106 from $100. Stifel estimates that online toy sales are growing, totaling the mid-20% range in the U.S. at the end of 2017, up from NPD Group data showing 18% online sales in 2014. Hasbro shares have gained 11.6% for the year to date while Mattel stock has lost 5.6% for the period. The S&P 500 index is up 8.5% for 2018 so far.
Despite the departures of six high-profile women CEOs in 2018, there are now a record number leading some of the country's top companies, according to a new Conference Board report. This year, there are 27 women working as CEOs, the highest level recorded by the Conference Board, up one from 26 in 2017. Among Fortune 500 companies, the number of women CEOs has fallen by 25 percent to 24 after reaching an all-time high of 32 in 2017, Fortune reported.
EL SEGUNDO, Calif. , Oct. 4, 2018 /PRNewswire/ -- Mattel, Inc. (NASDAQ: MAT) today announced that it plans to release its third quarter 2018 financial results on Thursday, October 25, 2018 , at approximately ...
There may be a second act for Toys R Us, the retail wonderland for children that turned out the lights at hundreds of stores for what was thought to be the final time over the summer. The group, made up of secured lenders, said in a bankruptcy court filing Tuesday that it's scrapping an auction for Toys R Us assets despite receiving a number of qualified bids.
The leading provider of family-friendly entertainment and a struggling toy-making icon go head to head in a battle for your portfolio's playtime.
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).
Mattel CEO Ynon Kreiz sits down with CNBC's Julia Boorstin at the Vanity Fair Summit to discuss the company's new film unit, the toy industry, the tariff impact on the industry and how they plan to reestablish Mattel as a toy company.