Worth Watching: Does Mattel, Inc. Have Any Gas After Today’s Huge Decline?

Worth Watching: Does Mattel, Inc. Have Any Gas After Today's Huge Decline?

The stock of Mattel, Inc. (NASDAQ:MAT) is a huge mover today! The stock decreased 1.59% or $0.49 during the last trading session, hitting $30.28. About 5.93 million shares traded hands or 112.54% up from the average. Mattel, Inc. (NASDAQ:MAT) has declined 6.89% since February 29, 2016 and is downtrending. It has underperformed by 17.31% the S&P500.
The move comes after 5 months negative chart setup for the $10.22B company. It was reported on Oct, 1 by Barchart.com. We have $27.86 PT which if reached, will make NASDAQ:MAT worth $817.60 million less.

Analysts await Mattel, Inc. (NASDAQ:MAT) to report earnings on October, 20. They expect $0.70 earnings per share, down 1.41% or $0.01 from last year’s $0.71 per share. MAT’s profit will be $236.26M for 10.81 P/E if the $0.70 EPS becomes a reality. After $-0.02 actual earnings per share reported by Mattel, Inc. for the previous quarter, Wall Street now forecasts -3,600.00% EPS growth.

Mattel, Inc. (NASDAQ:MAT) Ratings Coverage

Out of 12 analysts covering Mattel Inc. (NASDAQ:MAT), 9 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 75% are positive. Mattel Inc. has been the topic of 17 analyst reports since July 28, 2015 according to StockzIntelligence Inc. Oppenheimer initiated Mattel, Inc. (NASDAQ:MAT) rating on Thursday, August 20. Oppenheimer has “Outperform” rating and $28 price target. The stock of Mattel, Inc. (NASDAQ:MAT) earned “Buy” rating by Jefferies on Friday, December 4. On Friday, August 14 the stock rating was maintained by Piper Jaffray with “Neutral”. The stock has “Buy” rating given by Citigroup on Monday, August 15. The rating was maintained by Suntrust Robinson on Friday, October 16 with “Neutral”. The firm earned “Overweight” rating on Thursday, April 7 by JP Morgan. The stock has “Neutral” rating given by M Partners on Tuesday, April 5. The stock of Mattel, Inc. (NASDAQ:MAT) has “Outperform” rating given on Monday, December 14 by BMO Capital Markets. The stock of Mattel, Inc. (NASDAQ:MAT) has “Conviction Buy” rating given on Monday, January 25 by Goldman Sachs. On Tuesday, February 2 the stock rating was upgraded by Stifel Nicolaus to “Buy”.

According to Zacks Investment Research, “Mattel, Inc. designs, manufactures, and markets a broad variety of family products on a worldwide basis through both sales to retailers and direct to consumers. Mattel’s business is dependent in great part on its ability each year to redesign, restyle and extend existing core products and product lines, to design and develop innovative new products and product lines, and successfully market those products and product lines.”

Insitutional Activity: The institutional sentiment decreased to 1.11 in 2016 Q2. Its down 0.01, from 1.12 in 2016Q1. The ratio fall, as 68 funds sold all Mattel, Inc. shares owned while 162 reduced positions. 49 funds bought stakes while 207 increased positions. They now own 317.56 million shares or 0.80% less from 320.13 million shares in 2016Q1.
Moreover, Advantus Mngmt has 0.03% invested in Mattel, Inc. (NASDAQ:MAT) for 32,957 shares. Intrepid Cap holds 229,390 shares or 2.84% of its portfolio. Moreover, Balyasny Asset Mgmt Limited Liability has 0.27% invested in Mattel, Inc. (NASDAQ:MAT) for 1.33M shares. Dnb Asset Mgmt As has 0% invested in the company for 42,918 shares. Schafer Cullen Cap Management has 61,077 shares for 0.02% of their US portfolio. Windward Cap Mgmt Company Ca owns 7,609 shares or 0.05% of their US portfolio. Analytic Invsts Ltd Com has invested 0.37% of its portfolio in Mattel, Inc. (NASDAQ:MAT). Cibc Mkts Corporation holds 22,936 shares or 0.02% of its portfolio. The New York-based Products Prtn Limited Liability Company has invested 0.55% in Mattel, Inc. (NASDAQ:MAT). Ridgeworth Cap Mngmt Limited Liability Corp owns 1,852 shares or 0% of their US portfolio. Btc Capital Incorporated last reported 30,142 shares in the company. Credit Suisse Ag holds 0.02% of its portfolio in Mattel, Inc. (NASDAQ:MAT) for 648,653 shares. Advance Cap I Incorporated last reported 36,400 shares in the company. Guinness Atkinson Asset has 9,040 shares for 0.18% of their US portfolio. Adirondack accumulated 76 shares or 0% of the stock.

Insider Transactions: Since May 5, 2016, the stock had 0 insider purchases, and 3 sales for $544,794 net activity. $239,280 worth of shares were sold by Walker Geoffrey H on Tuesday, August 30. 7,294 shares were sold by SCARBOROUGH DEAN A, worth $222,905. White Loyd Kathy had sold 2,700 shares worth $82,609 on Thursday, May 19.

More news for Mattel, Inc. (NASDAQ:MAT) were recently published by: Seekingalpha.com, which released: “Don’t Let Mattel’s High Dividend Yield Fool” on September 27, 2016. Benzinga.com‘s article titled: “Gold, Anadarko, Mattel And DSW: Fast Money Picks For September 30” and published on September 30, 2016 is yet another important article.

MAT Company Profile

Mattel, Inc., incorporated on March 6, 1968, designs, makes, and markets a range of toy products around the world, which are sold to its clients and directly to consumers. The Company’s divisions are North America, which consists of the United States and Canada; International, and American Girl. The Company’s portfolio of brands and products are grouped into approximately four major brand categories, including Mattel Girls & Boys Brands, Fisher-Price Brands, American Girl Brands and Construction and Arts & Crafts Brands. The North America and International divisions sell products in the Mattel Girls & Boys Brands, Fisher-Price Brands, and Construction and Arts & Crafts Brands categories.

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