Monness Crespi Hardt Upgrades Mattel to Buy

Brokerage firm Monness Crespi Hardt Upgrades its rating on Mattel(NASDAQ:MAT). The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by Monness Crespi Hardt was issued on Sep 19, 2016.

In a different note, On Aug 15, 2016, Citigroup said it Maintains its rating on Mattel. In the research note, the firm Raises the price-target to $36.00 per share. The shares have been rated ‘Buy’ by the firm.

Mattel (MAT) made into the market gainers list on Thursdays trading session with the shares advancing 0.75% or 0.24 points. Due to strong positive momentum, the stock ended at $32.11, which is also near the day’s high of $32.18. The stock began the session at $32.07 and the volume stood at 28,75,886 shares. The 52-week high of the shares is $34.76 and the 52 week low is $19.445. The company has a current market capitalization of $10,937 M and it has 34,06,19,060 shares in outstanding.

Mattel(MAT) last announced its earnings results on Jul 20, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $957.30M. Analysts had an estimated revenue of $937.60M. Earnings per share were $-0.02. Analysts had estimated an EPS of $-0.05.

Several Insider Transactions has been reported to the SEC. On Aug 31, 2016, Geoffrey H Walker (EVP, Chief Strategic Tech Off) sold 7,128 shares at $33.57 per share price.Also, On May 23, 2016, Loyd Kathy White (director) sold 2,700 shares at $30.60 per share price.On May 6, 2016, Dean A Scarborough (director) sold 7,294 shares at $30.56 per share price, according to the Form-4 filing with the securities and exchange commission.

MATTEL INC. designs manufactures and markets a variety of toy products around the world which are sold to its customers and directly to consumers. The Company operates through three segments: North America which consists of the United States and Canada International and American Girl. The Company’s North America segment markets and sells toys in the United States and Canada through the Mattel Girls & Boys Brands Fisher-Price Brands and Construction and Arts & Crafts Brands categories. The Company’s International segment products are developed and marketed by the North America segment although some are developed or adapted for particular international markets. The Company’s American Girl segment is a direct marketer children’s publisher and retailer for its line of historical dolls books and accessories as well as the My American Girl and Bitty Baby brands. American Girl also publishes Advice & Activity books and American Girl magazine.

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