|Bid||16.10 x 400|
|Ask||16.24 x 2500|
|Day's range||15.03 - 16.26|
|52-week range||12.71 - 31.60|
|PE ratio (TTM)||N/A|
|Earnings date||1 Feb 2018|
|Forward dividend & yield||0.00 (0.00%)|
|1y target est||15.42|
Mattel (MAT) shot to the top of the S&P 500 on Friday, helped by a new international distribution deal. Mattel gained 91 cents, or 6%, to $16.14, while the S&P 500 rose 12.27 points, or 0.44%, to 2810.30. Mattel said on Thursday that it and DHX Media had inked "numerous international deals" for the latest seasons of Fireman Sam and Bob the Builder, for traditional TV as well as on-demand.
Lego is joining forces with Chinese internet giant Tencent to jointly develop online games for children in China, the latest move by the Danish toy maker to increase its focus on digital content.
BEIJING/COPENHAGEN (Reuters) - Danish toymaker Lego is teaming up with Chinese internet giant Tencent Holdings Ltd to jointly develop online games and potentially a social network aimed at Chinese children. Privately-owned Lego has seen a slowdown in sales growth in recent years, but the Chinese market has been a bright spot with sales growing 25-30 percent in 2016. It is competing with Barbie maker Mattel Inc and Hasbro, the firm behind My Little Pony, for a slice of the $31 billion toys and games market in China.
BEIJING/COPENHAGEN (Reuters) - Danish toymaker Lego is teaming up with Chinese internet giant Tencent Holdings Ltd to jointly develop online games and potentially a social network aimed at Chinese children. Privately-owned Lego has seen a slowdown in sales growth in recent years, but the Chinese market has been a bright spot with sales growing 25-30 percent in 2016. It is competing with Barbie maker Mattel Inc (MAT.O) and Hasbro (HAS.O), the firm behind My Little Pony, for a slice of the $31 billion toys and games market in China.
Most analysts providing ratings on Mattel (MAT) prefer to maintain a neutral outlook on the stock’s prospects. Also, a demand shift toward video games and mobile devices has led to the emergence of new rivals for Mattel and Hasbro (HAS), which further poses challenges. In addition to its dwindling sales, Mattel’s profit margins remain at risk in the near term.
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When word got out that the trendy Bratz dolls were the brainchild of a former Mattel designer, the toy company’s executives went nuclear. Jacob Gershman reviews ‘You Don’t Own Me’ by Orly Lobel.
"We were actually here last night and last week," said Amy Hightower, a 30-year-old stay-at-home mom as her daughter played house and her two sons raced cars in the play lab, which Toys "R" Us launched in 42 of its stores this year. Many shoppers now make their toy purchases online. Foot traffic at Toys "R" Us, the largest U.S. toy retailer, has declined, as consumers turn to e-commerce sites such as Amazon.com Inc (AMZN.O), mass discount chains, like Wal-Mart Stores Inc (WMT.N), and some small independent toy stores.
Mattel dropped 64 cents, or 4.1%, to $14.84. The shares took a hit after Jefferies' Stephanie Wissink reiterated a Hold rating on the stock this morning, citing its latest debt offering, as she believes the increase in interest is yet "another hurdle" on the company's multi-year road to financial recovery: We estimate the $1B debt offering at 6.75% will increase total interest expense by over $40M. In June, MAT amended its credit agreement to increase the covenant from 3.5x to 3.75x.
Mattel (MAT), which is an American multinational toy manufacturing company, was the S&P 500's second-best performer on Thursday.
Mattel (MAT) has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and year.
Despite a decent overall industry scenario, major toy companies like Hasbro, Mattel and JAKKS Pacific might disappoint investors this Christmas.
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