Hasbro Bids to Purchase Mattel

Screen Shot 2017 11 10

Shares of Mattel, Inc. (NASDAQ:MAT) by 58.2% during the third quarter, according to its most recent filing with the SEC. 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. Private Trust Co. NA purchased a new stake in Mattel during the second quarter valued at approximately $209,000. Eaton Vance Management lifted its position in shares of Mattel by 581.7% during the 2nd quarter. Boyd Watterson Asset Management LLC OH increased its holdings in shares of Mattel by 1.4% in the second quarter.

COPYRIGHT VIOLATION NOTICE: "Mattel, Inc".

Hasbro, Inc. shares closed at $91.45 on Friday, up $2.76 (+3.11%). The fund owned 65,497 shares of the company's stock after selling 373,825 shares during the quarter.

Shares of Mattel, Inc. are presently 40.20% off the 52 week low. (NASDAQ:MAT) are scrambling higher in today's trading session. Operating margins are slated to rise back to more than 15% in 2022 in our model, which would allow Hasbro to capture the business at a very undervalued price; even at $18, Mattel stakeholders could still be hesitant to agree to a sale. 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. (NASDAQ MAT) opened at C$14.62 on Monday. The firm's revenue for the quarter was up.2% compared to the same quarter past year. The company's revenue for the quarter was down 13.1% on a year-over-year basis. analysts forecast that Mattel, Inc. will post 0.04 EPS for the current fiscal year. The ex-dividend date was Friday, November 18th. This number lands on a scale from 1 to 5. Mattel's dividend payout ratio (DPR) is now 146.16%.

Several equities research analysts have issued reports on MAT shares.

Mattel has pointed to that bankruptcy as a reason for weak sales. We don't plan any change to our respective $26 and $98 fair value estimates for Mattel and Hasbro, and we caution investors that such speculation has fizzled in the past, and a similar fate could occur this go-round.

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