Hasbro makes bid to take over Mattel, Mattel stocks rise

HASBRO Makes Bid to Buy MATTEL - Report

HASBRO Makes Bid to Buy MATTEL - Report

Purchasing Mattel would bring Masters of the Universe, HotWheels, Barbie, and more under Hasbro's banner, including, potentially, the license for toys based on DC comics. Sentry Investment Management LLC increased its holdings in shares of Mattel by 0.3% during the second quarter. Fairpointe Capital LLC lifted its position in shares of Mattel by 24.3% during the 2nd quarter. For the quarter, shares are performing at -16.12%.

COPYRIGHT VIOLATION NOTICE: "Mattel, Inc". Finally, Private Bank & Trust Co. purchased a new stake in Mattel during the second quarter valued at approximately $414,000.

Mattel, Inc. has a 52 week low of C$12.71 and a 52 week high of C$32.48. 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. Current price levels see the company 22.13% off the 20-day simple moving average.

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This article was originally published by and is the sole property of. An analyst speculated after the recent earnings report that the company would be a good takeover target. Mattel had a positive return on equity of 2.51% and a negative net margin of 11.73%. The firm had revenue of C$1.56 billion during the quarter, compared to the consensus estimate of C$1.82 billion. During the same period in the prior year, the business earned $0.70 EPS. This number lands on a scale from 1 to 5. Mattel's dividend payout ratio (DPR) is now 146.16%.

The report comes just a few weeks after Mattel shocked the market with a profit warning, citing "Toys "R" Us filing for bankruptcy, tighter retailer inventory management and challenges with certain underperforming brands" as reasons for the poor performance in the third quarter. Hasbro, based in Pawtucket, R.I., said it would not comment on rumor or speculation. TheStreet downgraded Mattel from a "c" rating to a "d" rating in a research report on Thursday, October 26th. A rating of 1 or 2 would represent a Buy, and a 3 rating would signify a Hold on the stock.

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