Mattel, Inc. (NASDAQ:MAT) registered a 1.02% increase, still its new closing price is 1.66% up from the company’s 1 year high of 33.57.It posted -0.85% losses in previous 5 sessions and is now the subject of 6 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 6 buy or better ratings. The 14 stock analysts following this company have an average price target at $31.27, with individual PT in the $26.00-$38.00 range. The shares moved at $25.77, implying that brokerage firms see shares losing about -14.82% in twelve months time.
Mattel, Inc. (MAT) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a -6.46% fall year to date. A Director at Mattel, Inc. (MAT) offloaded shares in a transaction closed on Monday November 21, 2016. NG DOMINIC sold 9,000 shares in the company at $30.79 each and collected $277,000 in proceeds. NG DOMINIC now owns 9,500 shares in the company after this transaction. A EVP, Chief Strategic Tech Off in the company, Walker Geoffrey H, disclosed a transaction on Tuesday August 30, 2016 that ended up generating $239,000 from the sale of 7,128 shares at $33.57 per share.
Mattel, Inc. (NASDAQ:MAT) Upcoming Results on Tap
Mattel, Inc. will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $-0.14 in that period. Sales during the quarter are predicted to arrive at $836.1 million.
Earnings surprise history: Last quarter, the company posted approximately $1.83 billion in revenue and EPS of $0.52. The mean forecast was for $1.96 billion and $0.71 a share, respectively. One quarter earlier, revenue for the stock was at $1.8 billion, with earnings at $0.70/share.
Mattel, Inc. (MAT) Brokerage Update
Mattel, Inc. (MAT) is in MKM Partners’s research list so their analyst rating change is noteworthy. These shares were upgraded to Buy from Neutral by MKM Partners, according to news reported on Monday October 10, 2016.Another important research note was issued by Monness Crespi & Hardt on Monday September 19, 2016.The firm upgraded MAT to Buy from Neutral. Over the last six months and over the last three months, the shares of Mattel, Inc. (MAT), have changed -19.40% and -15.95%, respectively.