13.29 +1.01 (8.22%)
Pre-Market: 5:58AM EDT
|Bid||13.29 x 1000|
|Ask||0.00 x 1800|
|Day's Range||12.19 - 12.63|
|52 Week Range||9.09 - 17.98|
|Beta (3Y Monthly)||2.04|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 23, 2019 - Jul 29, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||14.27|
Mattel is in the green after the toy-company reported that its Q1 revenue beat analysts' estimates. Yahoo Finance's Jen Rogers, Myles Udland and Seana Smith report.
In a recently published Longleaf Partners Fund's Q1 2019 Investor Letter, the fund posted short comments on several companies in its portfolio, including Mattel, Inc. (NASDAQ:MAT). If you are interested you can track down a copy of the letter here, while in this article we bring you the part of the letter that discusses only […]
NEW YORK, April 25, 2019 -- Bragar Eagel & Squire, P.C. reminds investors that class action lawsuits have been commenced on behalf of stockholders of Stamps.com Inc.,.
Mattel's revenue beat, along with Hasbro's surprise quarterly profit earlier this week, also signaled that U.S. toymakers may have put behind them the sudden demise of top toy retailer and customer Toys "R" Us. "We've moved on past Toys "R" Us," Mattel Chief Executive Officer Ynon Kreiz told Reuters, adding that the company was benefiting from its expanded partnerships with other retailers, ranging from grocers to drug stores. A makeover of Mattel's 60-year-old Barbie brand with new skin tones and professions and a focus on toys based on big Hollywood franchises such as "Toy Story" and "Jurassic World" highlight the toymaker's efforts to connect with changing preferences of a new generation of kids.
Mattel (NASDAQ:MAT) kicked off its first three months of the current fiscal year with a bang as the company unveiled its results Thursday afternoon, amassing sales that came in nearly $45 million stronger than what analysts predicted, playing a role in lifting MAT stock more than 10% after hours.Source: horantheworld via FlickrThe El Segundo, Calif.-based toy manufacturing business reported fiscal 2019 first-quarter results that included a net loss of $183.7 million, or 53 cents per share. The amount was about 41% narrower than its loss from the same period in 2018, when it lost $311.3 million, or 90 cents per share-the year-ago figure was negatively impacted by the closing of Toys R Us.Mattel added that its net sales for the period were down 2.7% year-over-year to $689.2 million, which still impressed when stacked up against Wall Street's guidance of $645 million, according to data compiled by Refinitiv. The revenue beat was fueled by a surge in Barbie sales, which gained 7% year-over-year, marking the brand's sixth straight quarter of growth.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe Barbie brand momentum may continue moving in the right direction for the toy company as a live-action movie inspired by the doll is coming soon, starring Margot Robbie. "While we are in a multi-year turnaround, we remain on-track to achieve our goals to restore profitability and regain top line growth in the short-to-mid-term and capture the full value from our IP in the mid-to-long term," Ynon Kreiz, chairman and CEO of Mattel, said in a statement today.MAT stock skyrocketed roughly 10.8% after the bell as Barbie sales propelled the brand's momentum during Mattel's first quarter of the year. Shares had slid about 2.1% during regular trading hours as the toymaker geared up to unveil its financial results for the aforementioned three-month period. More From InvestorPlace * 10 Stocks to Sell Before They Give Back 2019 Gains * 7 Dividend Stocks That Could Double Over the Next Five Years * 10 High-Yielding Dividend Stocks That Won't Wilt Compare Brokers The post Mattel Earnings: MAT Stock Skyrockets as Q1 Sales Slide, Top Outlook appeared first on InvestorPlace.
The stock had lost 2% during the regular session ahead of the earnings report. Mattel had been expected to report a quarterly loss of 56 cents a share on sales of $648 million, based on a FactSet survey of 14 analysts. Introducing TheStreet Courses: Financial titans Jim Cramer and Robert Powell are bringing their market savvy and investing strategies to you.
The El Segundo, California-based company said it had a loss of 53 cents per share. Losses, adjusted for non-recurring costs and restructuring costs, came to 44 cents per share. The results surpassed Wall ...
Mattel Inc. shares rallied more than 8% in the extended session Thursday after the company posted revenue that topped estimates and narrower-than-expected losses. The toy maker reported first-quarter net losses of $183 million, or 53 cents a share, compared with losses of $311.3 million, or 90 cents a share, in the year-ago period.Revenue fell to $689.2 million from $708.4 million in the year-ago period. The company said it set aside $27.3 million for its Rock n' Play product recall during the first quarter. Adjusted for items such as the company's recall, among other things, earnings were 44 cents a share. Analysts surveyed by FactSet had estimated adjusted losses of 56 cents a share on revenue of $648 million. For the second quarter, analysts model adjusted losses of 31 cents a share and sales of $828 million. Mattel stock has dropped 8.9% in the past year, with the S&P 500 index rising 10.9%.
As of March 31, 2019, the ("NAV") of the Parnassus Endeavor Fund -- Investor Shares was $34.19, so the total return for the quarter was 18.43%. This compares to 13.65% for the S&P 500 Index ("S&P 500") and 13.14% for the Lipper Multi-Cap Core Funds Average, which represents the average return of the multi-cap core funds followed by Lipper ("Lipper average"). For the quarter, the Fund earned more than five percentage points more than the Lipper average and almost five percentage points more than the S&P 500.
Mattel Inc beat Wall Street estimates for quarterly revenue on Thursday, as the company sold more Barbie dolls and saw healthy demand for toys based on the "Jurassic World" and "Toy Story" franchises in the United States. The results, which come days after rival Hasbro Inc reported a surprise quarterly profit, indicate that U.S. toymakers may have put behind them the sudden demise of toy retailer Toys "R" Us. "We've moved on past Toys "R" Us," Mattel Chief Executive Officer Ynon Kreiz told Reuters, adding that the company was benefiting from its expanded partnerships with other retailers, ranging from grocers to drug stores.
Demand for Barbie dolls and toys based on "Jurassic World" and "Toy Story" led Mattel to a narrower-than-expected-loss. This may indicate that the U.S. toy industry is finally able to put the bankruptcy and closure of Toys R Us behind it. Sales of Barbie jumped 7 percent in the quarter, the sixth consecutive quarter of growth for the doll brand.
- First quarter Net Sales of $689.2 million , down 3% as reported, and up 1% in constant currency, versus prior year. - Gross Sales of $780.1 million , down 2% as reported, and up 2% in constant currency. ...
Looking for stocks with high upside potential? Just follow the big players within the hedge fund industry. Why should you do so? Let’s take a brief look at what statistics have to say about hedge funds’ stock picking abilities to illustrate. The Standard and Poor’s 500 Index returned approximately 13.1% in the 2.5 months of 2019 (including […]
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”).
US toymaker Mattel on Thursday showed its turnround was taking hold as strong Barbie sales helped revenue top expectations and the company reported a smaller loss and improved gross margins. The company behind Barbie and Hot Wheels toys said sales fell less than expected at the start of the year. Net sales slid 3 per cent to $689.2m — but were up 1 per cent when stripping out currency effects.
NEW YORK, April 24, 2019 -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against the following.
NEW YORK, NY / ACCESSWIRE / April 24, 2019 / Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed againstthe following publicly-traded companies. You can review ...
NEW YORK, NY / ACCESSWIRE / April 23, 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.
The vast majority of the time in a wishy-washy market environment like the one we're in now, "buying the dips and selling the rips" is an appropriate strategy. Traders can count on a reversal when a rally or meltdown becomes overextended.In some cases, though, a sharp stumble isn't necessarily a buying opportunity. Rather, it's a glimpse at the shape of things to come, with investors only beginning to file out of an equity.With that as the backdrop, here's a closer look at 10 oversold stocks to sell rather than scoop up at their currently depressed prices. While investors should remain on guard for rebounds inspired by bargain-hunters expecting the reversals we'd normally see in such situations, in all of these cases we've seen a handful of red flags suggesting things could get worse before that get better.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 High-Yielding Dividend Stocks That Won't Wilt In no particular order… Stocks to Sell: J B Hunt Transport Services (JBHT)It wasn't a disastrous quarter, but last quarter's numbers from J B Hunt Transport Services (NASDAQ:JBHT) were far from being impressive. More than that, they may be a microcosm of a bigger headwind that's now blowing.One issue, ironically, is that the economy is so strong and jobs are so plentiful, trucking companies like J B Hunt are struggling to find and keep drivers. Then there's slowing demand for intermodal transportation, mostly crimped by trade friction between the U.S. and China. Earnings of $1.09 per share fell short of the $1.26 analysts were expecting.That lackluster future is still being priced into the chart. Though down by nearly one-fourth since June's peak, JBHT shares have yet to slide back to a long-term support line, currently at $83. The current trend pushing shares that direction has plenty of momentum too. Mattel (MAT)To its credit, toymaker Mattel (NASDAQ:MAT) has done its best to adapt to an electronic, digital world. In January, Chief Technology Officer Sven Gerjets demonstrated the company's deep understanding that the future is 'phygital' … the melding of traditional physical toys with computerized technology. The company is thinking aggressively about media tie-ins too, reportedly planning a live-action film featuring Mattel's beloved Barbie doll. * 7 Tech Stocks With Too Much Risk, Not Enough Upside For whatever reason, though, nothing really seems to be clicking for the once-iconic company. Though MAT stock looked like it would finally work out a reversal after December's hard landing, the selling that got started back in 2014 has been renewed this month. The stock is down nearly 70% from the peak made five years ago, and once again within easy reach of multi-year lows. Gilead Sciences (GILD)When Gilead Sciences (NASDAQ:GILD) shares tumbled in 2016, investors largely knew why. An amazing run in 2013 and 2014 stemming from sky-high prices of its hepatitis C drugs Harvoni and Sovaldi -- which were effectively 'cures' -- were about to be challenged by cheaper competitors as well as social outrage over their needlessly high price tag.By early 2017, though, investors figured the worst had been priced in and assumed Gilead would properly regroup for the road ahead.That hasn't turned out to be the case though. GILD stock has been steadily trending lower since its early 2018 high, and if shares break below a technical floor right around $60, this oversold name will most definitely become one of a handful of stocks to sell.In short, Gilead Sciences simply isn't holding up to its competition. Nordstrom (JWN)It's sometimes difficult to tell given the number of store closing we're still seeing, but the so-called retail apocalypse is abating. That's a big reason Nordstrom (NYSE:JWN) rallied in 2018. For a short while, it appeared as if the upper-end chain of stores would emerge from the industry-wide meltdown as healthy as it has ever been.It's now clear, however, that while not as brutal, the retail apocalypse is still underway, and still plaguing some slivers of the business more than others. Last quarter's total top line of $4.48 billion was not only down from the year-ago tally of $4.7 billion, it also fell short of the $4.61 billion analysts were expecting. Same-store sales at its full-priced venues was a scant 0.1%. * 5 Dividend Stocks Perfect for Retirees JWN is already one of several oversold stocks in the sector. But, if it breaks below the support line that tagged the 2016 and 2017 lows, it will earn a spot on a short list of stocks to sell. Wells Fargo (WFC)Wells Fargo (NYSE:WFC), to be clear, is mostly suffering from self-inflicted wounds. The 2016 account-opening scandal led to backlash from multiple directions ever since.The public -- consumers -- was at least willing to forgive if not outright forget. A surprising string of quarterly results carried WFC stock to record highs by early 2018.That's when regulators really started to sink their teeth into the company's hide though. Among other things, the mega bank in August was charged more than $2 billion for making improper mortgage loans. The clincher, however, is the fact the Federal Reserve has capped the company's permitted assets it can leave on the books, essentially capping earnings growth. The company doesn't believe that growth ban will be lifted anytime this year.With little to look forward to, WFC shares are in a well-developed downtrend that probably won't find a firm floor until it reaches the $41 area. L Brands (LB)L Brands (NYSE:LB) shares are down a stunning 69% from their late-2015 peak, and that downtrend is still going strong. The stock is only a few pennies away from new multiyear lows, and given its bearish momentum, odds are good it will once again slide deeper into the red.L Brands, of course, is the parent company of Victoria's Secret and Bath & Body Works … two powerhouses in the heyday of mall shopping, but two venues that are struggling to connect with consumers in a digital world where shoppers splurge in different ways. While revenue growth remains steady, quarterly operating income has been reliably shrinking since early 2016 as L Brands has to spend more and more to keep patrons coming to its stores. And even then, things are tough. Fourth-quarter same-store sales excluding e-commerce spending was down 1%, extending a concerning streak of backpedaling. * 10 S&P 500 Stocks to Weather the Earnings Storm In that light, the stock's long-term downtrend makes sense. AbbVie (ABBV)AbbVie (NYSE:ABBV) was a heroic performer in 2017, rallying from $57 to an early 2018 peak near $117, mostly driven by impressive sales growth from Humira as well as Imbruvica. The former's revenue was up 14.4% that year, and the latter's grew more than 40%.The big run-up only set up a sizable fall though, spurred not by slowing revenue growth, but an impending and inevitable threat to its Humira franchise.The company has been maneuvering for years to maintain the patent on its flagship drug Humira, to be clear, which generated nearly $20 billion in revenue last year. But, time is ultimately working against AbbVie. Earlier this month six separate lawsuits were filed against the pharmaceutical giant, each making the same basic claim … that biosimilars of Humira should already be allowed in the United States.Investors appear to know the company won't be able to fend off these legal arguments for much longer. Nektar Therapeutics (NKTR)In late 2017, the Nektar Therapeutics (NASDAQ:NKTR) rally was unstoppable. Eli Lilly (NYSE:LLY) had made an upfront cash payment to the company in exchange for development and participation rights in T-cell booster NKTR-358, and at the same time posted big-time third quarter revenue growth.As is so often the case in the biopharma arena, though, excited investors overestimated what was to come, and how quickly that would take shape. In June of last year a trial of cancer therapy NKTR-214 led to lackluster results, and in February the company once again reported just so-so outcomes with the same drug in use as a therapy for a different form of cancer. * 7 Stocks to Buy for Spring Season Growth Nektar Therapeutics shares have fallen more than 70% since their early 2018 high, and are pennies away from breaking below an established support level of right around $30. HP (HPQ)After a brief stumble in 2015 when it split with the enterprise-oriented half of the company Hewlett Packard Enterprise (NYSE:HPE) to focus on consumer-level computers and printers, HP (NYSE:HPQ) started what would turn into a solid, multiyear advance. The early-2016 low near $8 gave way to a move to 2018's peak near $27, partially driven by steadying PC sales, and partially prompted by an improving economy.That 2018 peak, however, has also become a perfect pivot. Since then HPQ shares have logged a lower major low and lower major high, and as of this week appear to be aiming at a new 52-week low. Traders aren't buying on the dip -- at least not in earnest -- now that the bullish trend lines of yesteryear have been snapped. Davita (DVA)Finally, add Davita (NYSE:DVA) to your list of oversold stocks to sell rather than buy. Though down 36% from its early 2018 high, there's still room and reason for it to continue sinking.It may not be a household name, but it may ring a bell all the same. Davita is a chain of kidney care and dialysis centers that for years had been one of Warren Buffett's favorite stock picks. The company was a reliable cash generator … right up Buffett's alley.Buffett, through Berkshire Hathaway, still owns a big stake in Davita, but arguably wishes he didn't. Operating income turned unpredictable beginning in 2012, and in 2017 began to shrink more often than grow. That headwind has been reflected in the stock's price from the point in time it started to blow. * 10 High-Yielding Dividend Stocks That Won't Wilt Buffett and Berkshire appear to still be committed to the trade. Given the uncertain future the country's healthcare system faces though, on top of the trouble the company was facing even before such questions surfaced, there's no end in sight for the stock's net-bearishness.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 High-Yielding Dividend Stocks That Won't Wilt * 4 Energy Stocks Soaring as Trump Tightens on Iran * 7 Tech Stocks With Too Much Risk, Not Enough Upside Compare Brokers The post 10 Oversold Stocks to Run From appeared first on InvestorPlace.
Hasbro stock was up more than 15% after the toy maker swung to a surprise profit in its first quarter and beat sales estimates, too.
Hasbro's (HAS) first-quarter 2019 results were driven by robust performance of the U.S. and Canada segment as well as Entertainment, Licensing and Digital segment.