Mattel (MAT) is Reiterated by MKM Partners to Neutral, Raises Price Target to $ 36

Mattel (MAT) was Reiterated by MKM Partners to “Neutral” according to the research note released today. The brokerage firm has raised the Price Target to $ 36 from a previous price target of $33 . MKM Partners advised their investors in a research report released on Jul 21, 2016.

On the company’s financial health, Mattel reported $-0.02 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $-0.06. The company had revenue of $957.30 million for the quarter, compared to analysts expectations of $936.69 million. The company’s revenue was down -3.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.01 EPS.

Mattel opened for trading at $32.44 and hit $32.9 on the upside on Wednesday, eventually ending the session at $32.83, with a gain of 1.42% or 0.46 points. The heightened volatility saw the trading volume jump to 38,81,591 shares. Company has a market cap of $11,177 M.

In a different news, on May 23, 2016, Loyd Kathy White (director) sold 2,700 shares at $30.60 per share price. According to the SEC, on May 6, 2016, Dean A Scarborough (director) sold 7,294 shares at $30.56 per share price. On Feb 9, 2016, Jean Gabriel Zalzman (EVP, Chief Comm Officer -Int’l) sold 7,711 shares at $31.75 per share price, according to the Form-4 filing with the securities and exchange commission.

MATTEL INC. designs manufactures and markets a variety of toy products around the world which are sold to its customers and directly to consumers. The Company operates through three segments: North America which consists of the United States and Canada International and American Girl. The Company’s North America segment markets and sells toys in the United States and Canada through the Mattel Girls & Boys Brands Fisher-Price Brands and Construction and Arts & Crafts Brands categories. The Company’s International segment products are developed and marketed by the North America segment although some are developed or adapted for particular international markets. The Company’s American Girl segment is a direct marketer children’s publisher and retailer for its line of historical dolls books and accessories as well as the My American Girl and Bitty Baby brands. American Girl also publishes Advice & Activity books and American Girl magazine.


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