Published: Sat, November 11, 2017
Finance | By Loren Pratt

Hasbro Mattel Takeover Rumors Swirling - Optimus Prime, Barbie to Finally Wed?

Hasbro Mattel Takeover Rumors Swirling - Optimus Prime, Barbie to Finally Wed?

As of October 13th, there was short interest totalling 71,863,247 shares, an increase of 13.9% from the September 29th total of 63,072,066 shares. Based on an average daily trading volume, of 7,327,356 shares, the days-to-cover ratio is now 9.8 days.

Shares of Mattel (NASDAQ:MAT) traded up 2.05% during midday trading on Tuesday, hitting $28.94. The stock had a trading volume of 11,460,118 shares, compared to its average volume of 16,756,797. Mattel's stock fell to its lowest level since 2009 that day. The stock has a market capitalization of $4,489.11, a P/E ratio of 87.07, a PEG ratio of 33.58 and a beta of 0.88.

Mattel (NASDAQ:MAT) last posted its quarterly earnings data on Wednesday, October 19th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.58 by ($0.49). Net profit margin of Mattel, Inc. The company had revenue of $1.56 billion during the quarter, compared to analysts' expectations of $1.82 billion. During the same quarter in the prior year, the company earned $0.70 EPS. research analysts forecast that Mattel will post 0.04 EPS for the current fiscal year.

Large investors have recently added to or reduced their stakes in the stock.


"MAT's CEO Georgiadis Mary Margaret Hasti Buy 12660 shares of the company at a price of $19.61 on 2017-08-01". Intact Investment Management Inc. boosted its holdings in Mattel by 14.0% in the second quarter. Hasbro closed at $91.45 a share, up 3%, on Friday. Penserra Capital Management LLC now owns 6,117 shares of the company's stock valued at $131,000 after buying an additional 1,287 shares during the period. Finally, Pennsylvania Trust Co acquired a new position in shares of Mattel in the 2nd quarter valued at $314,000. Institutional investors and hedge funds own 93.01% of the company's stock.

Hasbro, which is trying to diversify its revenue stream, also sought to buy USA movie studio and entertainment company Lions Gate Entertainment Corp this year, but those talks ended without a deal, Reuters reported in August. UBS AG set a $26.00 target price on Mattel and gave the company a "buy" rating in a research report on Friday, July 28th.

Mattel (NASDAQ:MAT) last issued its earnings results on Thursday, October 26th. Bank of New York Mellon Corp raised its stake in shares of Mattel by 2.8% in the second quarter.

General Motors Company was covered by a number of analysts recently, 4 rated the stock as Buy, 1 rated Outperform, 9 rated Hold, 0 gave an Underperform and 0 rated sell.

Mattel, Inc.'s average Free Cash Flow per Share Growth Rate was -138.5 percent during the past 12 months.


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Mattel, Inc. designs, manufactures, and markets a broad variety of family products on a worldwide basis through both sales to retailers and direct to consumers. The Company's segments are North America; International, and American Girl.

Shares of Mattel, the maker of Barbie and Hot Wheels, jumped about 24 percent in after-hours trading.

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