Media headlines about Mattel (NASDAQ:MAT) have been trending positive on Tuesday, according to Accern. The research firm scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Mattel earned a coverage optimism score of 0.26 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 81 out of 100, indicating that recent media coverage is very likely to have an effect on the company’s share price in the near term.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:
- Mattel, Inc. (MAT) Cut to “Sell” at BidaskClub (americanbankingnews.com)
- Ken doll gets cornrows, beefy bod and new skin tones (marketbeat.com)
- Ken gets makeover: Cornrows, beefy bod and new skin tones (marketbeat.com)
- Mattel (MAT) and Take-Two Interactive Software (TTWO) Critical Analysis (americanbankingnews.com)
- Mattel makes serious play for China with digital toy strategy (techwireasia.com)
A number of analysts have issued reports on MAT shares. B. Riley reiterated a “buy” rating and issued a $35.00 target price on shares of Mattel in a research note on Tuesday, February 21st. Zacks Investment Research upgraded shares of Mattel from a “sell” rating to a “hold” rating in a research note on Friday, April 7th. Monness Crespi & Hardt reduced their target price on shares of Mattel from $34.00 to $29.00 and set a “buy” rating for the company in a research note on Friday, April 21st. Stifel Nicolaus reiterated a “hold” rating and issued a $26.00 target price on shares of Mattel in a research note on Sunday, April 23rd. Finally, Barclays PLC reiterated an “equal weight” rating and issued a $25.00 target price (down from $30.00) on shares of Mattel in a research note on Sunday, April 23rd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $28.53.
Mattel (MAT) traded down 2.01% during trading on Tuesday, reaching $20.02. 6,687,174 shares of the company traded hands. The company’s 50-day moving average is $22.19 and its 200 day moving average is $25.56. The company has a market cap of $6.86 billion, a PE ratio of 25.12 and a beta of 0.86. Mattel has a 12 month low of $19.96 and a 12 month high of $34.24.
Mattel (NASDAQ:MAT) last posted its earnings results on Thursday, April 20th. The company reported ($0.32) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.17) by $0.15. Mattel had a return on equity of 13.19% and a net margin of 5.22%. The firm had revenue of $735.60 million for the quarter, compared to analyst estimates of $797.60 million. During the same period in the prior year, the business posted ($0.14) EPS. The firm’s quarterly revenue was down 15.4% compared to the same quarter last year. On average, analysts anticipate that Mattel will post $1.10 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Wednesday, August 23rd will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date of this dividend is Monday, August 21st. Mattel’s dividend payout ratio is currently 192.41%.
In other news, Director Dean A. Scarborough bought 47,000 shares of the company’s stock in a transaction dated Monday, April 24th. The stock was bought at an average price of $21.95 per share, with a total value of $1,031,650.00. Following the completion of the acquisition, the director now owns 77,573 shares of the company’s stock, valued at $1,702,727.35. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.88% of the stock is currently owned by company insiders.
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Mattel Company Profile
Mattel, Inc manufactures and markets a range of toy products around the world. The Company’s segments are North America; International, and American Girl. Its 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.
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