|Bid||0.00 x 4000|
|Ask||0.00 x 43500|
|Day's Range||11.39 - 11.86|
|52 Week Range||9.09 - 17.86|
|Beta (3Y Monthly)||2.00|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 23, 2019 - Jul 29, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||13.96|
EL SEGUNDO, Calif.-- -- Hot Wheels id integrates #1 selling toy in the world* into digital racing with new Mixed Play experience, a unique experience that keeps the physical toy at the core of gameplay and adds digital enhancement Hot Wheels™ id Vehicle Assortment, Race Portal, Smart Track® Kit and companion app available now Mattel, Inc. today announced the launch of Hot Wheels id , the evolution ...
Hot Wheels id is a new toy experience from Mattel (NASDAQ:MAT) for its classic car brand.Source: MattelThe idea behind Hot Wheels id is that it allows kids to play with the physical toys while still taking part in digital vents. This includes racing their cars on physical tracks and uploading data to an app.The Hot Wheels id system also allows kids to race each other with their cars and record their wins and losses. The system is also able to track the top speeds on the toy cars and how many laps they complete.InvestorPlace - Stock Market News, Stock Advice & Trading TipsMattel is no doubt hoping that this new Hot Wheels id system will appeal to kids by combining real life toys with an online experience. However, there's the cost of entry to consider.Parents that want to buy everything their kid needs for the Hot Wheels id will be spending a pretty penny. This includes each of the cars costing $6.99. The Hot Wheels id will then set parents back by $39.99. Finally, the Smart Track Kit comes in at a whopping $179.99. * 10 Stocks to Buy That Wall Street Expects to Soar for the Rest of 2019 That expensive price may be why parents won't find Hot Wheels id toys at normal retail stores. Instead, it is only available exclusively at select Apple (NASDAQ:AAPL) stores, Apple.com and through the App Store. Maybe Mattel is hoping that Apple customers will be willing to spend as lavishly on their toys as they do their other electronic devices. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 10 Stocks to Buy That Wall Street Expects to Soar for the Rest of 2019 * 7 Value Stocks That Are Flying Under the Radar * 6 Mouth-Watering Fast Food Stocks for Growth Investors As of this writing, William White did not hold a position in any of the aforementioned securities.Compare Brokers The post Hot Wheels id: Mattel Debuts Digital Tie-In for Its Iconic Toy Cars appeared first on InvestorPlace.
A life-sized Hot Wheels car and an outsized installation celebrating Barbie’s 60th anniversary take up valuable real estate in a warehouse labyrinth of cubicles and conference rooms. Inside one of these conference rooms, a calendar on the wall counts down the number of days until the company will unveil to the public what lies under a shroud on the conference table and a new direction for the legacy toy giant: 27 days. Well, 27 days have passed, and Mattel (NASDAQ: MAT) has lifted the veil on Hot Wheels ID, the company’s latest and highest-profile example of its new strategy of combining physical and digital in what it’s calling “mixed play.” With Generation Alpha (children born after 2010) starting the same year that the iPad was introduced, Hot Wheels’ target demographic is spending more and more time on digital devices, and toy companies have traditionally dealt with the trend by ignoring it or going all in on digital play experiences, Ron Friedman, Mattel’s director of product management and global marketing, told me in that conference room with the 27-day countdown on the wall.
Mattel (NYSE:MAT) has turned down another takeover bid from MGA Entertainment. Mattel stock surged higher on the news. MGA, who owns brands such as Bratz fashion dolls, Num Noms, and Little Tikes, has now failed twice to take over Mattel.Source: Shutterstock While this rejection of MGA has offered relief to MAT stock in the short term, turning down the deal leaves Mattel in the same beleaguered state it's been struggling in for decades.Mattel owns some of the most venerable brands in the toy business. This includes American Girl, Barbie, Fisher-Price, and Hot Wheels. Recently, it had also signed a licensing agreement with Sanrio (OTCMKTS:SNROF) to create toys, dolls, games, and other items based on the Hello Kitty brand. The toymaker has also renewed a separate licensing agreement with Warner Bros. to produce similar items for DC.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Conflicting "Best Interests"MGA CEO Isaac Larian made an overture to Mattel's CEO Ynon Kreiz in a letter dated May 21st. Mattel's chief legal officer, Bob Normile responded on June 7th, saying Mattel's board decided that the proposal was "not in the best interests of Mattel and its shareholders." * 5 Tech Stocks That Are Far Too Risky Right Now The deal would have forced out Mattel's entire board, possibly indicating the "best interests" the company protected. However, since MGA is a private company, analysts have only so much ability to evaluate the merits of the deal.However, we do know that Mattel stock has struggled over the past few decades. At its current price, it trades at levels it first saw in 1992! The rise of electronic games has reduced the demand for the physical toys and the board games that drove its business for decades. Its most direct peer, Hasbro (NYSE:HAS), has faced similar struggles. Competition Continues to IncreaseMoreover, the emergence of e-commerce giants such as Amazon (NASDAQ:AMZN) has devalued the advantage in shelf space these companies once held. This problem became worse with the closure of Toys "R" Us last year.I do not think the demand for physical toys will go away. Also, a backlash against electronic everything could even spark a revival in physical toys. However, individual creators could utilize a site such as Etsy (NASDAQ:ETSY) to compete against corporate toymakers. So it is not clear that such an occurrence would help Mattel stock. Financials for Mattel Stock Remain PoorMAT's financials continue to reflect this struggle. In its most recent earnings report, the company beat estimates but still lost 44 cents per share in the prior quarter. It also exceeded forecasts on revenue. Still, the $689.2 million in brought in during the quarter was a 2.9% reduction year-over-year. Thanks to cost-cutting, analysts forecast a profit next year. However, that will leave its forward P/E ratio at over 130. Moreover, costs can only fall so much, so staying consistently profitable could prove difficult.For now, Mattel's board rebuffs the takeover attempt, and Mattel stock benefits from a relief rally. But investors need to ask what kind of future the company has in the current business environment? With falling demand and increasing sources of competition, this company will do well just to keep itself in business. Such conditions do not leave much of a path forward for holders of MAT stock. Final Thoughts on Mattel StockTurning down the merger means Mattel will continue to face more competition amid falling revenues. In fairness, this reflects more on the state of the industry than on Mattel itself. Moreover, with MGA's financials not publicly available, assessing whether the merger would have profited holders of Mattel stock remains difficult. * 7 Stocks to Buy for the Coming Recession However, we know that Mattel stock faces an uncertain path forward. Having struggled for more than a quarter century, management offering more of the same leaves investors with no reason to buy MAT. Until this industry consolidates or produces the toys and games today's children want, investors should play in a different sandbox.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy for the Coming Recession * 10 Smart Dividend Stocks for the Rest of the Year * 5 Tech Stocks That Are Far Too Risky Right Now Compare Brokers The post MAT's Rejection of Merger Offer Not a Reason to Toy With Mattel Stock appeared first on InvestorPlace.
Mattel stock jumped following a report that it had rejected another a merger bid from privately held MGA Entertainment.
Mattel news for Wednesday includes MAT stock rising after it reportedly rejected a takeover offer.Source: Shutterstock The offer for Mattel (NASDAQ:MAT) was from MGA Entertainment. This is a privately-held rival toy maker. Isaac Larian, the founder and CEO of the company, says that he made an offer to acquire MAT stock.Larian doesn't say how much his company would offer to merge with Mattel. However, he does claim that any offer from it would be a premium over the current price of MAT stock.InvestorPlace - Stock Market News, Stock Advice & Trading TipsMattel reportedly rejected the offer from Larian. The company has been focusing on turning its business around. It also likely wasn't happy with some of the other terms of a takeover.Larian wants to acquire Mattel, but he doesn't have an interest in its leadership. His takeover offer reportedly included becoming the next Chairman and CEO of the company. It also includes all current Directors at MAT resigning without any additional pay, reports Los Angeles Times. * 7 Stocks to Buy for the Coming Recession Here's Wells Fargo analyst Timothy Conder's thoughts on the Mattel news, as reported by Barron's."We believe the likelihood of a merger between MGA and MAT is REMOTE given (1) the long litigious history between the companies (Barbie vs. Bratz), (2) Larian's condition of becoming MAT's Chairman/CEO and all MAT director's resigning 'without further compensation', (3) lack of a firm/formal bid from MGA other than statements that an offer would be at a premium to MAT's current valuation."MAT stock was up 5% as of noon Wednesday. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy for the Coming Recession * 10 Smart Dividend Stocks for the Rest of the Year * 5 Tech Stocks That Are Far Too Risky Right Now As of this writing, William White did not hold a position in any of the aforementioned securities.Compare Brokers The post Mattel News: MAT Stock Continues to Soar After Rejected Takeover Offer appeared first on InvestorPlace.
Mattel Inc. stock jumped almost 8% in early Wednesday trading after reports that the toy company turned down a merger offer from MGA Entertainment Inc., the company behind LOL Surprise and the Bratz dolls. Mattel has struggled with sales declines, but has taken steps to create partnerships and delve more deeply into entertainment, such as a deal with Pixar and an expanded deal with Warner Bros. Mattel shares have rallied 13.4% for the year to date while the S&P 500 index is up 15.2% for the period.
Mattel Inc NASDAQ/NGS:MATView full report here! Summary * Perception of the company's creditworthiness is positive and improving * 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 | NeutralETF activity is neutral. ETFs that hold MAT had net inflows of $760 million over the last one-month. 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 with a strengthening bias over the past 1-month. MAT credit default swap spreads are decreasing and near the lowest level of the last one year, which indicates improvement in the market's perception of the company's credit worthiness.Please send all inquiries related to the report to email@example.com.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.
Bratz doll maker and rival MGA Entertainment proposed the deal on May 21, Reuters reported. The amount of the offer was not disclosed.
The privately held company behind such brands as Bratz and Little Tykes most recently made an unsolicited offer to merge with Mattel Inc., which rejected the bid, according to a report in the Los Angeles Times. The founder and CEO of MGA said he first approached Mattel (NASDAQ: MAT) a year ago and reupped the offer last month, citing increased struggles at the El Segundo-based maker of such toy brands as Fisher-Price, Barbie, Hot Wheels and American Girl. Mattel posted a net loss of $531 million last year on revenue of $4.5 billion, and this spring it recalled 4.7 million Fisher-Price Rock ’N Play Sleepers at a cost of more than $100 million.
MGA Entertainment made the proposal in a letter to Mattel CEO Ynon Kreiz dated May 21, according to emails that Larian shared with Reuters. MGA's renewed offer was on condition that Larian would become Mattel's chairman and CEO and all of Mattel's board members resign "without any further compensation".
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Mattel, Inc. New York, June 10, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Mattel, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
On Monday morning, Benzinga Pro subscribers received an option alert related to an unusually large Mattel call sale. At 9:43 a.m., a trader sold 1,507 Mattel call options at an $11 strike price that expire on August 16. Prior to the large trade, the open interest for the August 16 Mattel $11 calls was only 92 contracts.
For toymakers Hasbro, Inc. (NASDAQ: HAS) and Mattel Inc., (NASDAQ: MAT), American saber-rattling on trade is no child’s play. For Mattel, two out of its 13 owned manufacturing plants are in Mexico, and about half of the company’s toys are made in owned manufacturing plants, the analyst said.
After a rather rough few weeks, a dead-cat bounce was starting to become inevitable. Tuesday was the day. The S&P 500 bounced 2.14%, crossing back above the 200-day moving average line in the process. It remains to be seen, however, if Tuesday's action was anything more than a one-off.Source: Allan Ajifo via Wikimedia (Modified)Salesforce (NYSE:CRM) was one of the most noteworthy winners, rallying 4% during the regular session and adding another 2% in after-hours action following an impressive Q1 print that was followed by an equally impressive revenue outlook for the full year. Smaller Mattel (NASDAQ:MAT) was an even bigger winner though, jumping nearly 12% after the company announced a licensing agreement to make Hello Kitty merchandise. * 7 Small-Cap ETFs to Buy Now None of those names are especially great trading prospects here at the midpoint of the week, however. Instead, take a look at the stock charts of General Mills (NYSE:GIS), eBay (NASDAQ:EBAY) and Intel (NASDAQ:INTC) as your best bets. Here's why.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Intel (INTC)To be fair, the 24% pullback from Intel since its April high was largely deserved, if only because last year's sizeable rally wasn't deserved. The company let rival Advanced Micro Devices (NASDAQ:AMD) catch up and even out-innovate it.The scope of the selloff is arguably too great though … a condition the market's starting to change in an effort to unwind the stock's oversold condition. That reversal is not only happening exactly when and where one would expect it to, but the key line in the sand has been well defined. Click to Enlarge * That line in the sand is $45.12, where Intel peaked a couple of times in the past couple of weeks, and where the blue 20-day moving average line is now. * The weekly chart is not only stochastically oversold, but the selloff was halted and started to reverse exactly when a major floor plotted in yellow was revisited. * Although the stage is set, so to speak, it means nothing if INTC can't actually clear the hurdle at $45.12. General Mills (GIS)When we last looked at General Mills back on May 30, a big plunge was actually looking like a setup for a big bounce. A key moving average line held up as support, and the previous day's bearish gap was begging to be closed.That rebound effort took shape, pushing up and off the gray 100-day moving average line, closing the gap to boot. But, the shape and placement of yesterday's bar has all the telltale signs that a pivot out of that uptrend and back into a downtrend may be in the works. What happens today will be a major clue as to what's in the cards. * The 10 Best Stocks for 2019 -- So Far Click to Enlarge * The first red flag is Tuesday's doji, where the open and close are both in the middle of the day's range, and both above the prior day's (Monday's) close. * Bolstering the possibility that the rebound effort has run its course is the fact that the buying effort stopped as the purple 50-day moving average line and the blue 20-day moving average line were approached. * Notice that the buying effort stopped just as soon as the upper boundary of the gap at $51.05 as filled in. eBay (EBAY)As of Monday, eBay shares were back to the brink of a key collapse. As has been the case several times since March, however, the stock was able to push off of a now-established technical floor.Still, it's too soon to say EBAY stock is out of the woods. That floor remains within sight, and easy reach, and one bad day could push shares under what may well end up being a catalytic breakdown. The bearish argument is bolstered by another development from yesterday. Click to Enlarge * The horizontal line to watch is $35.45, plotted in yellow on both stock charts, where eBay has found support several times since March's low. * Zooming out to the weekly chart we see we've already got a bearish MACD crossunder. * Although eBay managed to squeeze out a gain on Tuesday, it's concerning that the buying effort faded once the blue 20-day moving average line was kissed.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 * 4 Top American Penny Pot Stocks (Buy Before June 21) * 6 Retailers Including Disney Agree to Ditch On-Call Scheduling * The 10 Best Stocks for 2019 -- So Far * 7 Small-Cap ETFs to Buy Now Compare Brokers The post 3 Big Stock Charts for Wednesday: eBay, General Mills and Intel appeared first on InvestorPlace.
When she first started work, Barbie would have expected to be retiring now. Having worked all her life, she will have paid enough in national insurance contributions to qualify for a full state pension.