Institutional investors own 93.01% of the company's stock. If you are accessing this article on another site, it was stolen and reposted in violation of United States & worldwide copyright & trademark law. The legal version of this piece can be read at https://www.truebluetribune.com/2017/11/13/shell-asset-management-co-has-2-01-million-holdings-in-mattel-inc-mat.html. (NASDAQ:MAT) are scrambling higher in today's trading session.
Mattel (NASDAQ:MAT) last posted its earnings results on Wednesday, October 19th. "... That prompted S&P Global Ratings to lower its ratings on Mattel's corporate debt, and led one analyst to say that Mattel might be better off as a takeover target". Mattel had a positive return on equity of 2.51% and a negative net margin of 11.73%. During the same period in the prior year, the business earned $0.70 EPS.
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Several research analysts have weighed in on MAT shares. 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.
"Mattel has struggled with slumping sales despite hiring a new chief executive early this year, Margo Georgiadis, a former Google executive", writes James F. Peltz for the Los Angeles Times. 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. Six equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company's stock. The company has a consensus rating of "Hold" and a consensus price target of C$21.46. The new company could become the world's largest toy company.
In short, the decision to merge Hasbro, known for its brands such as Nerf, Transformers, and My Little Pony, and Mattel, known for Barbie, American Girl dolls and Fisher-Price, makes sense for an industry where consolidation makes a whole lot of sense.