Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $35.330 on Mattel, Inc. About 5.56 million shares traded hands or 58.86% up from the average. It was the second quarter of higher sales for the brand, after a roughly two-year slump, though the doll’s comeback had stalled in the first quarter. The 50 day moving average of NASDAQ:MAT is 31.84 and the 200 day moving average is 31.21.
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Mattel, Inc. (NASDAQ:MAT) down -0.58 per cent in the past week, is under coverage of 14 analysts who collectively recommend a hold rating on stock. The loss was 2 cents a share, excluding some items, according to a statement Wednesday. This is far less than the potential benefit from other licenses (i.e., Cars 3 is expected to generate $350m incremental toy revenue for FY17, implying ~$0.10 in incremental EPS). Analysts had a consensus revenue estimate of $936.58 million. Sales declined 3% year over year, including the impact of foreign currency. (NASDAQ:MAT) shares after it surveyed top market analysts.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 16th. Shareholders of record on Tuesday, August 23rd will be given a $0.38 dividend.
Several other research firms have also commented on MAT.
Currently, Mattel has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. (NASDAQ:MAT) recently. The rating firm gave a Overweight rating to this stock in a research note on April 7, 2016.Stifel analysts issued their verdict on Mattel, Inc. The P/E ratio of Mattel, Inc. They noted that the move was a valuation call. Finally, Sterne Agee CRT reissued a “neutral” rating on shares of Mattel in a research note on Thursday, April 21st.
Several hedge funds and institutional investors recently bought and sold shares of the stock.
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Iconic toymaker Mattel’s came out with strong financial results for the second quarter. Vanguard Group Inc. now owns 28,567,000 shares of the company’s stock worth $776,165,000 after buying an additional 961,095 shares during the last quarter. Over the last three months and over the last six months, the shares of Mattel, Inc. The heightened volatility saw the trading volume jump to 38,81,591 shares. The shares were sold at an average price of $30.60, for a total value of $82,620.00. White Loyd Kathy retains 8,060 shares in the company after this transaction. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. A Director in the company, Scarborough Dean A, on Thursday May 05, 2016 collected $222,900 from the sale of 7,294 shares at $30.6 each. Following the transaction, the Director is left with a stake of 8,060 shares, now valued at $264610.
