Mattel (MAT) Bonds Trading 0.8% Higher

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An issue of Mattel, Inc. (NASDAQ:MAT) debt rose 0.8% as a percentage of its face value during trading on Monday. The high-yield issue of debt has a 6.75% coupon and will mature on December 31, 2025. The debt is now trading at $99.81 and was trading at $94.50 last week. Price moves in a company’s debt in credit markets sometimes predict parallel moves in its share price.

A number of equities research analysts have recently issued reports on MAT shares. SunTrust Banks reiterated a “hold” rating and issued a $13.00 target price on shares of Mattel in a research note on Monday, December 24th. UBS Group set a $15.00 target price on Mattel and gave the company a “hold” rating in a research note on Thursday, November 1st. Citigroup lowered their target price on Mattel from $19.00 to $16.00 and set a “buy” rating for the company in a research note on Tuesday, October 30th. Barclays lowered their target price on Mattel from $11.00 to $10.00 and set an “underweight” rating for the company in a research note on Wednesday, November 14th. Finally, DA Davidson lowered their target price on Mattel from $14.00 to $13.00 and set a “neutral” rating for the company in a research note on Friday, October 26th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $14.25.

NASDAQ MAT traded up $0.51 during mid-day trading on Monday, reaching $15.74. 16,299,077 shares of the company’s stock traded hands, compared to its average volume of 6,465,843. Mattel, Inc. has a 1-year low of $9.09 and a 1-year high of $18.02. The company has a quick ratio of 1.44, a current ratio of 1.88 and a debt-to-equity ratio of 4.26. The firm has a market cap of $5.26 billion, a PE ratio of -13.81, a price-to-earnings-growth ratio of 114.22 and a beta of 1.38.

Mattel (NASDAQ:MAT) last issued its quarterly earnings data on Thursday, February 7th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.15. Mattel had a negative return on equity of 43.47% and a negative net margin of 11.77%. The firm had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same quarter last year, the firm earned ($0.72) EPS. Mattel’s quarterly revenue was down 5.4% on a year-over-year basis. On average, analysts anticipate that Mattel, Inc. will post 0.01 earnings per share for the current year.

Institutional investors and hedge funds have recently modified their holdings of the company. Raymond James & Associates lifted its holdings in shares of Mattel by 36.9% in the 2nd quarter. Raymond James & Associates now owns 17,562 shares of the company’s stock worth $288,000 after purchasing an additional 4,735 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of Mattel by 53.4% in the 3rd quarter. State of Alaska Department of Revenue now owns 205,681 shares of the company’s stock worth $3,228,000 after purchasing an additional 71,575 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Mattel by 35.3% in the 3rd quarter. Nisa Investment Advisors LLC now owns 56,722 shares of the company’s stock worth $891,000 after purchasing an additional 14,800 shares during the last quarter. Ardevora Asset Management LLP lifted its holdings in shares of Mattel by 10.3% in the 3rd quarter. Ardevora Asset Management LLP now owns 2,205,336 shares of the company’s stock worth $34,624,000 after purchasing an additional 205,800 shares during the last quarter. Finally, Moody National Bank Trust Division lifted its holdings in shares of Mattel by 529.2% in the 3rd quarter. Moody National Bank Trust Division now owns 91,682 shares of the company’s stock worth $1,439,000 after purchasing an additional 77,110 shares during the last quarter.

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About Mattel (NASDAQ:MAT)

Mattel, Inc designs, manufactures, and markets a range of toy products worldwide. The company operates in three segments: North America, International, and American Girl. It offers Mattel Girls & Boys branded products, including Barbie dolls and accessories, Monster High, DC Super Hero Girls, Enchantimals, Polly Pocket, Hot Wheels and Matchbox vehicles and play sets, CARS, DC Comics, WWE Wrestling, Minecraft, Toy Story, and games and puzzles.

Further Reading: How Do You Calculate Return on Equity (ROE)?

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