Mattel Stock Swells on Merger Talk

14 November, 2017, 00:24 | Author: Darnell Patrick
  • Mattel Barbie store

In fact, of the top-five toy items or toy lines out on the market right now, none of them are Hasbro or Mattel.

Mattel has reportedly been struggling with poor sales. Jefferies Group LLC reiterated a "hold" rating and issued a $17.00 price target (down previously from $19.00) on shares of Mattel in a research note on Friday, July 28th. Shares of Hasbro rose 3.6% to $94.70 after hours. Analysts have also given a consensus recommendation on the stock of 2.40.

Mattel, Inc. has a 52 week low of C$12.71 and a 52 week high of C$32.48. "Hasbro would have a larger stable of tech-driven toys, and could fold Mattel's know-how into its own projects", observes Jon Fingas for Engadget.


"Mattel in late October reported a 14% drop in its third-quarter sales", he continues. The company reported C$0.09 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of C$0.58 by C ($0.49). A rating of 4 or 5 would indicate a Sell. Finally, DA Davidson downgraded shares of Mattel from a "neutral" rating to an "underperform" rating and cut their price objective for the company from $22.00 to $18.00 in a report on Thursday, August 3rd. BMO Capital Markets upped their target price on Mattel from $23.00 to $25.00 and gave the company an "outperform" rating in a research report on Monday, October 30th.

A combination of the two companies would bring an impressive portfolio of brands under one roof. This represents a change from the opening price of -0.45%. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of US and worldwide copyright law. If you are accessing this article on another site, it was stolen and reposted in violation of USA & global copyright & trademark law. The Company's segments are North America; International, and American Girl.

The maker of Barbie, Hot Wheels and Fisher Price products attributed its weak financials to the bankruptcy of toy retailer Toys "R" US Inc.as well as weak demand across its core products.

Recommended:

  • Louis CK's new film will not be released following sexual misconduct allegations

    Louis CK's new film will not be released following sexual misconduct allegations

    The duo claim they first thought it was a joke before feeling paralyzed and holding each other. "And then he really did it", Ms. Becky, who also manages a stable of prominent comedians like Amy Poehler and Kevin Hart, denied threatening any of the women.
    This Woman Just Became The First Trans State Legislator In Virginia

    This Woman Just Became The First Trans State Legislator In Virginia

    With 19 out of 20 precincts in the state's 13th district reporting, Roem had won comfortably with 54.6% of the vote. The race took an ugly turn when Marshall and his supporters produced ads highlighting Roem's transgender identity.

    Amazon reveals $50 Fire TV Basic Edition, shipping to 100 markets

    The Fire TV Stick with Alexa Voice Remote only costs $40, and as its name suggests, comes with a remote that has Alexa built-in. In addition, customers can set their default language as Spanish, Brazilian Portuguese, French, Italian, German, or English.
  • Martellus Bennett may play through torn rotator cuff

    Martellus Bennett may play through torn rotator cuff

    Bennett caught 55 passes for 701 yards and had a career-high seven touchdowns on his way to earning a Super Bowl ring. While he is fourth on the team with 24 receptions for 233 yards, his biggest contributions came in the run game.

    University of Miami fan, officer altercation now under investigation by police

    A disturbing video has surfaced from No. 9 Miami's 28-10 win over No. 13 Virginia Tech on Saturday night. The video shows a woman being carried out of the stadium by several Miami-Dade Police officers.
    Mobile Sprint merger may be saved with last minute compromise

    Mobile Sprint merger may be saved with last minute compromise

    At this point, talk of a merger is between Softbank and Charter, rather than having direct involvement with Sprint. It's possible that the two sides will come to an agreement within weeks, claims today's report.
  • Taylor Swift announces Reputation stadium tour dates

    Taylor Swift announces Reputation stadium tour dates

    The music superstar will perform in Indianapolis on Saturday, Sept. 15, 2018, as part of her just-announced " Reputation " tour. After dropping the album on Friday, the towering pop singer has finally announced a tour to go with it.
    What Notre Dame's #3 Ranking in 1st CFP Rankings Means

    What Notre Dame's #3 Ranking in 1st CFP Rankings Means

    The Tide should finally face some tougher competition with three of their final four games being against now ranked teams. An impressive win over a struggling Florida Gators team has the Bulldogs coming in at number two on our list.

    May consider fixing time for Delhi LG to clear files, indicates SC

    He added that even when there were differences between the L-G and state government, "the L-G can not be sitting on a file". The higher the degree of power, the higher the degree of trust, he argued before the Constitution bench.
  • Moyes: I think I'm a good manager

    Moyes: I think I'm a good manager

    Despite all of that, West Ham have made a decision to hire Moyes as they hope to steer clear of relegation. The players have to take responsibility too and show they are good enough to play for the club.
    Salah Hits Brace, Oxlade Bags First Goal As Liverpool Hammer West Ham

    Salah Hits Brace, Oxlade Bags First Goal As Liverpool Hammer West Ham

    And speaking after Liverpool's victory at the London Stadium, Oxlade-Chamberlain vowed to continue to improve. Swansea City dropped into the relegation zone after slumping to a home defeat by Brighton and Hove Albion.
    Warrant issued for ousted Catalan leader

    Warrant issued for ousted Catalan leader

    Puigdemont said on Tuesday he would go back to Spain only if given unspecified guarantees by the Spanish government. Puigdemont and four ex-ministers are in Brussels and have ignored the summonses.


Popular

Hate crimes up in California, and U.S. , for second consecutive year
Religious bias motivated 1,538 hate crimes a year ago - over half against Jews, and about one-quarter against Muslims. Crimes motivated by bias against sexual orientation accounted for 1,076 incidents reported.

Iran rejects Macron's call for talks on missile issue
Eight reports by the International Atomic Energy Agency (IAEA) have confirmed Iran's full compliance with the agreement. Saudi defense forces intercepted the missile and brought it down near Riyadh airport without causing any casualties.

Reactions to Detroit Lions vs. Cleveland Browns game
He had run for 20 yards to convert a third down on the drive, and hit tight end Seth DeValve with a 35-yard pass to the 1. To make the playoffs they'll need to play better than they did today, but they played well enough to beat the Browns.

Disneyland Shuts Down Two Cooling Towers After Legionnaires' Disease Outbreak
The two cooling towers are located in a backstage area behind the New Orleans Square train station area of the theme park. On Nov. 1, more testing and disinfection was performed and the towers were brought back into service on Nov. 5.

Jack Wilshere NOT a Crystal Palace target, says Roy Hodgson
That's what you need to find out, because it didn't come from us. "I don't think Jack is a ten", he told Sky Sports News . I think he is a talent and I really respect him as an individual.

JC Penney Company Inc (JCP) How Do the Technical Vary?
The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link . Following the transaction, the director now directly owns 518,970 shares in the company, valued at $1,889,050.80.

Blake Lively is Unrecognizable While Filming Her New Movie
Undressed and lookée such as Sunday's big break on the filming of her latest movie, Blake Lively is unrecognizable. In August, Reynolds shared a birthday message for his wife but cut her mostly out from the photo he shared.

Watch the Full Fifty Shades Freed Trailer
And when Christian informs Ana that her he'll pick her up from work at 5, she confidently replies, "I may not be done by then". Now, the first full-length trailer has finally arrived, and though we didn't think it possible, we're even more intrigued.

'Multiple Parties Down' After Shooting at Colorado Walmart, Police Say
Scott Ostrem , 47 was arrested on Thursday morning, about 14 hours after he fled the store in a vehicle . There was also a brief lockdown at a nearby medical center.

Is Jared Kushner next to be indicted in Russian Federation investigation?
Manafort and his longtime business partner Rick Gates - with conspiracy and money laundering. The president's son-in-law is not a subject of the ongoing investigation, the report added.