|Bid||15.980 x 2200|
|Ask||15.990 x 3100|
|Day's range||15.810 - 16.090|
|52-week range||12.210 - 21.670|
|PE ratio (TTM)||N/A|
|Earnings date||25 Jul 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||15.67|
Some analysts say the Toys ‘R’ Us liquidation will continue to have an impact on Hasbro and Mattel, while others highlight other headwinds.
As of July 17, Mattel (MAT) was rated a “hold” by 67% of the 15 analysts covering the stock. For Mattel, apart from rising costs and underperforming brands, there have been several problems. Mattel has also stopped paying dividends and is using the funds for investments.
On a YTD (year-to-date) basis as of July 17, Mattel (MAT) stock has risen 6.4% to $16.36. In comparison, Hasbro (HAS), Jakks Pacific (JAKK), and Take-Two Interactive Software (TTWO) have risen 3.4%, 6.4%, and 15.4%, respectively, YTD. The S&P 500 Index has gained 5.1% YTD.
Mattel (MAT) is scheduled to announce its second-quarter results on July 25. Wall Street analysts estimate adjusted loss per share of $0.30 for the quarter. Mattel hasn’t provided any outlook for the second quarter.
As of July 16, Hasbro (HAS) was rated a “buy” by 60% of the 15 analysts covering the stock. The shift to digital technology has hurt the demand for traditional toys along with expanding e-commerce. To retain its market share, Hasbro has focused on product innovation, developing a digital sales channel.
The Dow Jones Industrial Average gained more than 100 points today and had its best week since June 8. •...and wonder why Mattel (MAT) was the S&P 500's worst performer. Hooray for tariffs! How else to respond to a week that saw the Trump administration announce tariffs on another $200 billion in Chinese goods, only to see the market rally this week, and rally hard?
BP, Mattel, Stitch Fix, Nordstrom and Urban Outfitters highlighted as Zacks Bull and Bear of the Day
Mattel and Hasbro: How Have the Stocks Performed in 2018? In the past 30 days, there have been quite a few changes in the target price and ratings for Mattel stock. On June 28, D.A. Davidson cut the rating on the stock to “underperform” from “neutral.” On June 19, UBS slashed the rating on the stock to “neutral” from “buy.” However, UBS raised the target price for Mattel stock to $18.00 from $17.00 projected earlier.
Mattel and Hasbro: How Have the Stocks Performed in 2018? Mattel (MAT) has been struggling to reverse its declining sales trend. Apart from consumers’ changing preferences and Toys “R” Us filing for bankruptcy, Mattel has many company-specific problems like underperforming brands and rising freight and distribution costs.
As of July 3, Mattel (MAT) and Hasbro’s (HAS) stock prices have risen 8.1% and 2.5% on a YTD (year-to-date) basis. In comparison, the S&P 500 Index (SPY) has risen 1.5% on a YTD basis. Despite the gains, there’s mixed sentiment regarding the toy companies.
Toys R Us announced it was shutting down its U.S. operations earlier this year, after being sunk by debt and complacency.
Mattel (MAT) shares dropped on a downgrade last week from UBS, and on Thursday, D.A. Davidson is even more bearish on the toy maker. Analyst Linda Bolton Weiser cut her rating on the shares to Underperform from Neutral with a $12 price target today. Bolton Weiser warns that even on her potentially generous 2019 earnings estimates, Mattel's valuation looks quite rich, and that's despite the fact that it faces a number of headwinds, including higher plastic prices, the disruption from the Toys 'R' Us bankruptcy, and difficult comparisons.
Robotics Barbie is a lab-coat-and-glasses-wearing robotics engineer, a far cry from the 1992 “math class is tough” version. Appropriately, she’s also part of a Mattel Inc. initiative to promote new jobs for girls, in line with a public pledge the company made earlier this year. In February, Mattel Senior Vice President Lisa McKnight joined 40 executives onstage at the Makers women’s diversity conference to make a range of commitments toward improving women’s professional lives.
Sluggish sales across major brands, lack of innovative techniques for brand revitalization and the Toys 'R' US liquidation are continuing to hurt Mattel's (MAT) top and bottom lines.
Mattel Inc. is introducing Robotics Engineer Barbie, designed to get girls interested in STEM (science, technology, engineering, math) careers. Only 24% of STEM jobs are held by women, according to data Mattel provided. The toy company partnered with Tynker, a game-based platform, to create six free coding experiences to teach girls "the building blocks of coding." The company has also partnered with Black Girls Code, and is releasing a coding e-book to introduce coding concepts.
As we mentioned briefly, Mattel (MAT) is dropping on a downgrade from UBS. Analyst Arpine Kocharyan cut her rating on Mattel to Neutral from Buy, although she also raised her price target by $1, to $18.
Mattel Inc. shares fell 5% in Tuesday trading after UBS downgraded the stock to neutral from buy cut its price target to $17 from $18. Analysts say shares of the toy company's stock have risen more than 35% since March but there's been "little change on fundamentals." Moreover, the company now has the additional "execution risk" from an "untested management team and levered balance sheet." U.S. toy sales grew to $20.7 billion in 2017, which also leads analysts to think Mattel has created its own problems, stalling top-line recovery. "Because there is no evidence of industry structural declines, we think Mattel's market share losses have largely been self-inflicted," wrote analysts led by Arpine Kocharyan.