Mattel (MAT) is Upgraded by MKM Partners to Buy, Price Target at $36

Mattel (MAT) was Upgraded by MKM Partners to ” Buy” and the brokerage firm has set the Price Target at $36. Earlier the firm had a rating of “Neutral ” on the company shares. MKM Partners advised their investors in a research report released on Oct 10, 2016.

Many Wall Street Analysts have commented on Mattel. Monness Crespi & Hardt Upgraded Mattel on Sep 19, 2016 to ” Buy”, Price Target of the shares are set at $37.Company shares were Reiterated by MKM Partners on Jul 21, 2016 to “Neutral”, Firm has raised the Price Target to $ 36 from a previous price target of $33 .

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 closed down -0.44 points or -1.44% at $30.06 with 22,30,042 shares getting traded on Friday. Post opening the session at $30.62, the shares hit an intraday low of $29.83 and an intraday high of $30.69 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Aug 31, 2016, Geoffrey H Walker (EVP, Chief Strategic Tech Off) sold 7,128 shares at $33.57 per share price. According to the SEC, on May 23, 2016, Loyd Kathy White (director) sold 2,700 shares at $30.60 per share price. On May 6, 2016, Dean A Scarborough (director) sold 7,294 shares at $30.56 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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