|Bid||13.19 x 700|
|Ask||13.75 x 700|
|Day's range||13.41 - 14.04|
|52-week range||12.21 - 23.12|
|PE ratio (TTM)||N/A|
|Earnings date||26 Apr 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||15.08|
While HLT & STAY in the hotel space are poised for growth, MAT is likely to contradict the consumer discretionary sector's positive trend.
Mattel (MAT), which is an American multinational toy manufacturing company, was the S&P 500’s second-best performer on April 23. After declining for four consecutive trading days, Mattel opened lower on Monday, regained strength, and moved higher as the day progressed. The market sentiment on Mattel was weak amid the release of Hasbro’s (HAS) disappointing earnings report.
The S&P 500’s top gainers on April 23 were: Henry Schein (HSIC) gained 6.8%. Mattel (MAT) gained 6.3%. Hanesbrands (HBI) gained 5.9%. Alaska Air Group (ALK) gained 5.7%. Fluor (FLR) gained 5%. Henry Schein
In addition to anticipated problems stemming from the Toys ‘R’ Us liquidation, Hasbro Inc. said “inventory overhang” in Europe drove down revenue in the company’s first-quarter results. Hasbro (HAS) reported revenue of $716.3 million, down from $849.7 million last year and below the $816.0 million FactSet consensus. The company was prepared for a hit from Toys ‘R’ Us, and other issues piled on, contributing to the decline.
Despite a poor quarterly result from competitor Hasbro, shares of Mattel are moving higher after management believes the worst will be over during the first half of 2018.
Hasbro, Inc. (NASDAQ: HAS) is down over 7% in early trading following the release of its Q1 2018 earnings results. Here’s a quick breakdown of some of the most notable statistics from its three-month period ended April 1, 2018, compared with its three-month period ended April 2, 2017:Metric Q1 2018Q1 2017ChangeRevenue$716.34 million$849.66 million(15.7)%Adjusted net earnings$12.37 million$68.60 million(82.0)%Adjusted earnings per share (EPS)$0.10$0.54(81.5)%Net cash provided by operating activities$317.74 million$411.93 million(22.9)%
If there is anything to glean from all the pay ratio disclosures, it’s that there needs to be more consistency in how they are calculated and reported before they can be useful to investors. When the Securities and Exchange Commission adopted the pay ratio rule nearly three years ago, in which companies were required to report how the annual total compensation of the chief executive officer compares with the median of the annual total compensation of their employees, the idea was to provide more insight into income inequality. One problem that arises is that companies only count what each employee is paid during the year, while CEO compensation could include estimates of market value of unvested stock options and other benefits, such as security measures for a CEO’s residence.
A Mexican judge has blocked a company associated with U.S. toymaker Mattel Inc from commercializing the image of artist Frida Kahlo, her family says, as it seeks to halt sales of a Barbie doll styled after the influential artist. Mattel , which manufactures Hot Wheels toys and Barbies, launched an "inspiring women" series of dolls featuring the late painter in March. The company said at the time that it had reached an agreement to manufacture the doll with the Frida Kahlo Corporation, which says on its website that it owns the trademark rights to the artist's image worldwide.
MEXICO CITY (AP) — Distant relatives of the late Mexican artist Frida Kahlo said Friday they have won a temporary injunction that stops sales of a Frida Barbie doll.
Mattel Inc. seems to change CEOs about as quickly as kids cycle through favorite toys. Margo Georgiadis, the toy giant's top executive for about 14 months, has been in the early innings of a sweeping transformation plan. Georgiadis is leaving Mattel, the company announced Thursday, to become the CEO of the company behind Ancestry.com.
Mattel Inc. (NASDAQ: MAT) is down more than 5% as of 11:20 A.M. EST following an announcement yesterday afternoon that the company’s CEO, Margo Georgiadis, will be leaving the company to take the CEO role at Ancestry, the leading family history and consumer genomics company.
Chief Executive Officer Margaret Georgiadis' announcement of her departure on Thursday came after just 14 months at the helm that has seen the company's share price cut in half. Analysts said her replacement, digital media executive Ynon Kreiz, has little room to manoeuvre as he seeks to deal with a changing toy market that has hurt traditional producers and bankrupted the biggest brick-and-mortar retailer Toys 'R' Us. A 7.2 percent drop in early trade on Friday took Mattel shares to a more than nine-year low of $12.21.
Mattel Inc. ( MAT) Chief Executive Officer Margo Georgiadis is stepping down from her role as the toy maker tries to shake off a four-year sales slump. Mattel says Ynon Kreiz, a former studio executive, will take over on April 26, making him the company’s fourth CEO in four years. Geogiadis said she wanted to pursue a new opportunity in the technology sector, according to Mattel.
Shares of Mattel Inc. sank 6.4% toward a nine-year low in morning trade Friday, to pace the S&P 500's decliners, after the company announced the surprise departure of its chief executive officer. The stock's ...
Among the companies with shares expected to trade actively in Friday's session are Apple, General Electric, Honeywell, Wells Fargo and Mattel.
Mattel Inc. Chief Executive Margo Georgiadis is leaving the toy maker after about a year in the job, a surprising shake-up at a company searching for a strategy that can end a four-year sales slump. Former studio executive Ynon Kreiz will succeed Ms. Georgiadis, Mattel said Thursday. When Mr. Kreiz takes over on April 26, he will be the fourth person to hold the Mattel CEO title in as many years.
Mattel CEO Margo Georgiadis is stepping down. The company's shares have lost almost half their value since she took the reigns in February 2017 #tictocnews https://bloom.bg/2HMPuHL (Source: Bloomberg)
Mattel, whose shares have lost nearly half their value in the past year under Georgiadis' tenure, is facing weak demand for its well-known toys at a time when children increasingly prefer videogames. The bankruptcy and liquidation of Mattel's top customer and toy retailer Toys 'R' Us has heaped more pressure on the company and highlighted the troubled retail environment. Kreiz's appointment as CEO, effective April 26, will likely help Mattel shift its focus toward using entertainment to increase Mattel's brand equity and revenue, Global Toy Experts CEO Richard Gottlieb said.
Two black men whose arrest at a Starbucks in Philadelphia has triggered a furor over racial profiling say they are pushing for changes to make sure that what they went through doesn't happen to anyone else. DALLAS (AP) -- Southwest Airlines sought more time last year to inspect fan blades like the one that snapped off during one of its flights Tuesday in an engine failure that left a passenger dead. The airline opposed a recommendation by the engine manufacturer to require ultrasonic inspections of certain fan blades within 12 months.
Kreiz, who is the former head of digital media company Maker Studios that assembled a stable of YouTube stars and was acquired by Walt Disney, will replace Georgiadis effective April 26. Mattel has faced weak demand in recent years for its well-known products, including Hot Wheels and Barbie dolls, as children increasingly prefer videogames and electronics over traditional toys. The bankruptcy and liquidation of Mattel's top customer and toy retailer Toys 'R' Us has heaped more pressure on the company and highlighted the troubled retail environment.
NEW YORK (AP) — Mattel Inc. announced Thursday that its CEO Margo Georgiadis is stepping down and is being succeeded by a company director and former studio executive.