Global net sales flat for Mattel in Q3 2016 results

The El Segundo, CA-based company reported third quarter adjusted net income of $0.70 per share, missing Wall Street's estimate of $0.71. Ltd. raised its position in Mattel by 1.4% in the second quarter.

On Monday October 10, 2016, MKM Partners released a statement for Mattel (NASDAQ:MAT) bumped up the target price from $0.00 to $36.00. The company's revenue was up.2% compared to the same quarter previous year. 0 analysts assign "Sell" rating for the stock.

BMO Capital Markets has an Outperform rating with a $40 price target. National Asset Management Inc. bought a new position in shares of Mattel during the second quarter worth about $206,000.

Mattel has a 52 week low of $22.63 and a 52 week high of $34.76 with a PE ratio of 30.32 Mattel's market capitalization is presently $0.

Jefferies reiterated a Buy rating with a $36 price target.

MAT stock was up 6% as of Thursday morning. Mattel, Inc. (NASDAQ:MAT) has declined 6.67% since March 17, 2016 and is downtrending.

Notably, gross margin in the reported quarter decreased 60 basis points to 48.5% from 49.1% recorded in the year-ago quarter, largely due to currency headwinds. According to the SEC, on May 23, 2016, Loyd Kathy White (director) sold 2,700 shares at $30.60 per share price.

Mattel, Inc. recently traded -4.12% below its 50-day simple moving average of $31.42 and went down -1.02% from its 200-day simple moving average of $32.03.

The Stock now has Analyst' mean Recommendation of 2 where the scale is from 1 to 5, 1 means Strong Buy and 5 means Sell.

In other Mattel news, EVP Geoffrey H. Walker sold 7,128 shares of Mattel stock in a transaction that occurred on Tuesday, August 30th. The stock now has a consensus rating of "Buy" and an average target price of $35.48. Thrivent Financial for Lutherans now owns 10,460 shares of the company's stock valued at $327,000 after buying an additional 460 shares during the period. Zurich Insurance Group Ltd FI increased its position in shares of Mattel by 2.7% in the second quarter.

The company had also changed its marketing strategy to position its dolls as more than a pretty face, with ad campaigns such as "You Can Be Anything" highlighting the potential of women in various professions.

Insiders own 0.56 percent of the stock. FMR LLC increased its position in shares of Mattel by 23.9% in the second quarter.

Mattel's business is dependent in great part on its ability each year to redesign, restyle and extend existing core products and product lines, to design and develop innovative new products and product lines, and successfully market those products and product lines. The institutional ownership stake in the corporation is 98.90% while the Beta value stands at 1.01. In August, American Girl signed a multi-year partnership with Toys "R" Us that made the New Jersey-based retailer the first-ever U.S. chain to feature the Mattel subsidiary's shop-in-shops.

The company reports results under four segments, namely, Mattel Girls & Boys Brands, Fisher-Price Brands, American Girl Brands, and Construction and Arts & Crafts Brands.