16.06 0.00 (0.00%)
After hours: 4:16PM EDT
|Bid||15.85 x 800|
|Ask||16.15 x 1200|
|Day's range||15.98 - 16.21|
|52-week range||12.21 - 19.21|
|PE ratio (TTM)||N/A|
|Earnings date||24 Oct 2018 - 29 Oct 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||15.35|
Friday, September 7: Elon Musk smokes weed with Joe Rogan, fueling more investor concerns; Mattel is launching Mattel Films and taps big producer to run it; Barnes & Noble reports big earnings miss. Yahoo Finance’s Dan Roberts serves up your Friday news fix.
Amid an industry, plagued with soft demand and headwinds from Toys "R" Us liquidation, Hasbro (HAS) has greater chances of thriving on various innovative strategies compared with Mattel (MAT).
While Toys R Us' bankruptcy helped fuel sales growth in the toy industry in the first half of the year, it won't do much to move the needle in the second half. Toy sales in July and August were down in the high-single digits, with September continuing that downward trend. Nostalgia over the loss of Toys R Us may have boosted toy sales in the beginning of the year, but it might not be enough to fuel holiday sales.
Wall Street grew a bit concerned in some quarters as rising wages prompted inflation fears. Elsewhere, key man risk took its toll on the stocks of a couple of major companies.
With the aim of reviving sales and building solid business that is capable of driving future capacities, Mattel (MAT) makes efforts to enhance its board.
In the trailing four quarters, Mattel (MAT) has missed estimates in three quarters and beaten its estimates in one quarter. In the second quarter, Mattel’s sales were down 14.0%. Apart from the Toys “R” Us dissolution, a tougher year-over-year comparison regarding Cars sales and its soft China business subdued its growth.
On August 15, MKM Partners increased the price target for HAS stock to $115.00 from $92.00. It also raised its rating to “buy” from “neutral.” Consumer Edge Research commenced coverage with an “overweight” rating and a price target of $115.00. The 12-month average target price for Hasbro is $109.79, which reflects an 8.1% upside to its price on September 11.
On September 11, Mattel (MAT) and Hasbro (HAS) reported stock price increases of 2.6% and 11.8%, respectively, on a YTD (year-to-date) basis. In comparison, the S&P 500 Index has risen 8.0% on a YTD basis. After the massive disruption caused by the dissolution of Toys “R” Us, toy manufacturers are reinvigorating their growth strategies to drive sales and profitability. Growing e-commerce retailers are contributing to the challenging environment for toy manufacturing companies. In this series, we’ll discuss the analysts’ ratings and top-line growth strategies for Mattel and Hasbro.
On Thursday, the El Segundo, Calif.-based maker of Hot Wheels toy cars and Barbie dolls announced that it hired Academy Award-nominated producer Robbie Brenner as executive producer to lead newly formed Mattel Films.
Here are some of the companies with shares expected to trade actively in Friday’s session. Check back closer to the market open for an updated list. Verizon Communications Inc.—Down 0.8%: Tim Armstrong, the leader of Verizon’s media and advertising business, is in talks to exit, The Wall Street Journal reported.
On September 6, toymaker Mattel (MAT) announced that it is creating a movie division, Mattel Films, to develop content based on its extensive intellectual property (or IP). Mattel is one of the leading names in the toy manufacturing space. Some of its iconic brands include Barbie, Hot Wheels, Thomas & Friends, and Fisher-Price.
Mattel Inc. is launching a film division to develop movies based on Barbie, Hot Wheels and other popular brands it owns, the struggling toy maker’s latest attempt to crack into Hollywood as its rivals have done. The El Segundo, Calif.-based company said Thursday that it hired Robbie Brenner, producer of films like the Oscar-nominated “Dallas Buyers Club,” as executive producer to lead the newly formed Mattel Films. Taylor Jewell/Associated Press Film producer Robbie Brenner will join Mattel to head up the toy maker’s new film division. Ms. Brenner’s hiring comes as Mattel’s new chief executive Ynon Kreiz aims to shift the company away from manufacturing toys and toward managing and monetizing its brands.
Mattel Inc. has launched a film division headed by an Oscar-nominated producer, an attempt by its new chief executive works to transform the toymaker into a Hollywood force. Robbie Brenner, who’s been in the movie industry for two decades and produced 2013 Best Picture nominee “Dallas Buyers Club,” will run Mattel Films and report to CEO Ynon Kreiz, the company said.
Mattel Films is a new division in the toymaker's company aimed at developing and producing movies based on its iconic brands. Venturing into film production could be a sales catalyst for Mattel, which has been hit hard by the liquidation of retailer Toys R Us. Mattel MAT is turning to Hollywood to solve its sales woes.
Sales of Lego dinosaurs and a Bugatti sports car helped the Danish toymaker stabilise revenue in the first half of this year after a drop in 2017 for the first time in more than a decade. The privately-owned firm, famous for its colourful plastic bricks, pushed the "reset button" last year, acknowledging its business had grown too complicated. "I am satisfied, because we set out to stabilise growth this year and we have already done it during the first half," Chief Executive Niels B. Christiansen told Reuters.
Mattel's (MAT) Global Franchise Management Group will focus on expanding its brand in content development and distribution, consumer products, live events and digital gaming.
Mattel (MAT) reported earnings 30 days ago. What's next for the company? We take a look at earnings estimates for some clues.
NEW YORK, Aug. 23, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Cloudera, ...
Shares of Hasbro (HAS) have outperformed the market this year, and MKM Partners thinks the stock can keep winning. Where we were: While Hasbro and fellow toymaker Mattel (MAT) took a hit following the Toys 'R' Us bankruptcy, Hasbro has come back strong in 2018. Where we're headed: MKM Partners argues that the shares have a strong 2019 ahead.