An issue of Mattel, Inc. (NASDAQ:MAT) debt fell 1.3% against its face value during trading on Thursday. The high-yield debt issue has a 6.75% coupon and will mature on December 31, 2025. The bonds in the issue are now trading at $95.13 and were trading at $95.97 one week ago. Price changes in a company’s debt in credit markets often anticipate parallel changes in its stock price.

Several analysts recently issued reports on the company. BidaskClub downgraded Mattel from a “buy” rating to a “hold” rating in a research note on Thursday, June 28th. Zacks Investment Research downgraded Mattel from a “hold” rating to a “sell” rating in a research note on Wednesday, June 27th. DA Davidson downgraded Mattel from a “neutral” rating to an “underperform” rating in a research note on Thursday, June 28th. They noted that the move was a valuation call. ValuEngine downgraded Mattel from a “hold” rating to a “sell” rating in a research note on Thursday, July 26th. Finally, Stifel Nicolaus boosted their price target on Mattel from $15.00 to $16.00 and gave the company a “hold” rating in a research note on Tuesday, July 10th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $15.89.

MAT traded up $0.03 during trading on Friday, hitting $14.22. The stock had a trading volume of 5,332,503 shares, compared to its average volume of 4,280,163. The company has a market capitalization of $4.88 billion, a PE ratio of -13.17 and a beta of 1.06. Mattel, Inc. has a one year low of $12.21 and a one year high of $19.21. The company has a debt-to-equity ratio of 4.29, a current ratio of 1.87 and a quick ratio of 1.22.

Mattel (NASDAQ:MAT) last released its earnings results on Wednesday, July 25th. The company reported ($0.56) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.24). The company had revenue of $840.70 million for the quarter, compared to the consensus estimate of $862.48 million. Mattel had a negative net margin of 30.43% and a negative return on equity of 56.60%. The business’s revenue was down 13.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.14) earnings per share. Equities analysts anticipate that Mattel, Inc. will post -0.95 earnings per share for the current fiscal year.

Several large investors have recently added to or reduced their stakes in MAT. ELM Advisors LLC bought a new stake in shares of Mattel during the 3rd quarter valued at $131,000. Alps Advisors Inc. bought a new stake in shares of Mattel during the 2nd quarter valued at $182,000. Cubist Systematic Strategies LLC lifted its position in shares of Mattel by 13,860.4% during the 1st quarter. Cubist Systematic Strategies LLC now owns 14,100 shares of the company’s stock valued at $185,000 after acquiring an additional 13,999 shares during the period. Verition Fund Management LLC bought a new stake in shares of Mattel during the 2nd quarter valued at $222,000. Finally, CIBC Private Wealth Group LLC lifted its position in shares of Mattel by 3,952.7% during the 2nd quarter. CIBC Private Wealth Group LLC now owns 14,387 shares of the company’s stock valued at $237,000 after acquiring an additional 14,032 shares during the period.

Mattel Company Profile (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.

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