Mattel stock soars on report of Hasbro takeover offer

Mattel stock soars on report of Hasbro takeover offer

Hasbro closed at $91.45 a share, up 3 percent, Friday. Private Advisor Group LLC now owns 16,306 shares of the company's stock valued at $341,000 after purchasing an additional 204 shares in the last quarter. The company has a market capitalization of $5,025.33, a P/E ratio of 97.47, a P/E/G ratio of 37.59 and a beta of 0.88. During the same quarter in the previous year, the firm earned $0.70 EPS. research analysts predict that Mattel, Inc. will post 0.04 EPS for the current fiscal year. "... 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". The business's revenue for the quarter was down 13.1% on a year-over-year basis. Investors of record on Tuesday, November 22nd were issued a dividend of $0.38 per share. This number lands on a scale from 1 to 5. TheStreet downgraded Mattel from a "c" rating to a "d" rating in a research report on Thursday, October 26th.

Mattel has struggled with slumping sales despite hiring a new chief executive this year, Margo Georgiadis, a former Google executive. Hasbro and Mattel said that they temporarily reduced shipments to the toy store operator ahead of the bankruptcy filing, but said they were working with the retailer to get their toys on its shelves during the holiday season. Finally, Zacks Investment Research raised Mattel from a "hold" rating to a "buy" rating and set a $35.00 price target on the stock in a research report on Wednesday, September 21st.

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A combination of the two companies would bring an impressive portfolio of brands under one roof. (NASDAQ:MAT). According to First Call, the current consensus target price on shares is sitting at $15.21.

In related news, Director Dominic Ng sold 9,000 shares of Mattel stock in a transaction on Monday, November 21st. Following the sale, the director now directly owns 14,000 shares in the company, valued at $431,060. The company presently has a consensus rating of "Hold" and a consensus price target of C$21.46.