Stifel Nicolaus Lowers Mattel, Inc. (MAT) Price Target to $14.00

Joann Johnston
November 18, 2017

Hasbro, which is trying to diversify its revenue stream, also sought to buy USA movie studio and entertainment company Lions Gate Entertainment Corp this year, but those talks ended without a deal, Reuters reported in August. Jefferies Group LLC set a $13.00 target price on Mattel and gave the company a hold rating in a research note on Sunday, October 29th. TheStreet lowered shares of Mattel from a c rating to a d rating in a research note on Thursday, October 26th.

A number of other research firms also recently issued reports on MAT.

A combined Hasbro and Mattel would put such brands as Barbie, American Girl, G.I. Joe and Nerf under the same roof. The brokerage now has a hold rating on the stock. The stock is now moving above its 20-Day Simple Moving Average of 21.73% with a 50-Day Simple Moving Average of 19.57 percent. Its share price has fallen 47 percent this year while Hasbro's shares have risen by 18 percent. The stock had a trading volume of 13,329,803 shares, compared to its average volume of 7,988,971. According to their observations and findings, the stock could provide a high EPS of $0.5/share and a low EPS of $0.35/share. At the same time as, it has debt to equity ratio of 1.99 and similar long term debt to equity ratio was 1.31. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.49). Mattel had a negative net margin of 11.73% and a positive return on equity of 2.51%.

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For the current quarter, 12 analysts are projecting a mean EPS of $0.43/share. LLC purchased a new position in Mattel in the third quarter worth $165,000. If you are reading this piece of content on another site, it was illegally stolen and reposted in violation of United States & worldwide copyright & trademark legislation.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally posted by Week Herald and is the sole property of of Week Herald. If you are viewing this story on another website, it was stolen and reposted in violation of worldwide trademark & copyright laws. The correct version of this piece of content can be accessed at Penserra Capital Management LLC grew its holdings in Mattel by 26.6% during the second quarter. Thrivent Financial For Lutherans now owns 12,640 shares of the company's stock valued at $324,000 after acquiring an additional 690 shares during the last quarter. Delta Asset Management LLC TN grew its holdings in Mattel by 54.7% during the second quarter. Zeke Capital Advisors LLC bought a new stake in shares of Mattel during the 3rd quarter worth approximately $163,000. Bank of Nova Scotia lifted its stake in shares of Mattel by 930.8% in the first quarter. Penserra Capital Management LLC now owns 6,117 shares of the company's stock worth $131,000 after acquiring an additional 1,287 shares during the period.

Mattel, Inc manufactures and markets a range of toy products around the world.

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