Mattel, Inc. (MAT) Shares Sold by Washington Trust Bank

Mattel, Inc. (MAT) now trades with a market capitalization of $6.43 Billion. More specifically, the plaintiff claims that between October 20, 2016 and April 20, 2017, the defendants made false and misleading statements and/or failed to disclose adverse information regarding Mattel's business and prospects, including that prior to and between October 20, 2016 and April 20, 2017, Mattel's retail customers were loaded with extremely high levels of unsold Mattel product and, as a effect, Mattel was exposed to the heightened risk that it would have to issue its retailers financial concessions (in the form of sales adjustments, discounts and promotions) to remove such excess inventory, as well as the heightened risk that Mattel would experience slower sales growth in future periods. During the same period in the prior year, the business earned ($0.02) EPS. The company is scheduled to announce its next quarterly earnings report on Wednesday, October 18th.

Mattel, Inc. (MAT) stock price traded downswing on volume of 8.28 million shares in recent session. On average, equities analysts anticipate that Mattel, Inc. will post $0.80 EPS for the current fiscal year. Zacks' sales calculations are a mean average based on a survey of research analysts that follow Mattel.

Mattel (NASDAQ:MAT) last issued its quarterly earnings data on Thursday, July 27th. To make a proper assessment, investors seek a sound estimate of this year's and next year's earnings per share (EPS), as well as a strong sense of how much the company will earn even farther down the road. Mattel had a return on equity of 13.19% and a net margin of 5.22%. The company had revenue of $974.50 million during the quarter, compared to the consensus estimate of $972.36 million. Earnings per share serves as an indicator of a company's profitability. The company had revenue of $735.60 million during the quarter, compared to the consensus estimate of $797.60 million. Barclays PLC reissued an "equal weight" rating and set a $25.00 target price (down previously from $30.00) on shares of Mattel in a research note on Sunday, April 23rd. Stifel Nicolaus reaffirmed a "hold" rating on shares of Mattel in a research note on Thursday, August 3rd. Zacks Investment Research's sales calculations are an average based on a survey of analysts that that provide coverage for Mattel. Jefferies Group LLC reissued a hold rating and issued a $19.00 price objective on shares of Mattel in a report on Monday, June 19th. "Ultimately, through all this investigation into the company's performance the analyst decides if their stock is a "buy", sell" or hold". The company presently has a consensus rating of Hold and a consensus price target of $26.53. (NASDAQ:MAT), filed a lawsuit against Mattel, Inc over alleged Securities Laws violations. The company's 50 day moving average price is $20.84 and its 200-day moving average price is $23.75. The company has market cap of $6.32 billion. Mattel has a 1-year low of $17.95 and a 1-year high of $34.24.

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The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. The ex-dividend date will be on Wednesday the 17th of May 2017. The rating was maintained by Citigroup with "Buy" on Monday, August 15. This represents a $0.60 annualized dividend and a dividend yield of 3.19%. Mattel's payout ratio is 220.29%.

In related news, CEO Mary Margaret Hasti Georgiadis acquired 12,660 shares of Mattel stock in a transaction on Tuesday, August 1st. The shares were purchased at an average price of $19.61 per share, with a total value of $248,262.60. Following the transaction, the chief executive officer now owns 116,788 shares of the company's stock, valued at approximately $2,290,212.68. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.88% of the company's stock.

Several large investors have recently added to or reduced their stakes in the company. Delta Asset Management LLC TN acquired a new stake in shares of Mattel during the first quarter valued at $102,000.

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Sawtooth Solutions, LLC grew its investment by buying 6,980 shares an increase of 15.3% in the quarter. American Century Companies Inc. now owns 9,958,114 shares of the company's stock valued at $214,398,000 after buying an additional 4,759,608 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Mattel by 4.0% in the first quarter. Teachers Advisors LLC boosted its stake in Mattel by 3.6% in the fourth quarter. Vanguard Group Inc. now owns 33,667,203 shares of the company's stock valued at $862,217,000 after buying an additional 1,279,790 shares during the last quarter.

Norges Bank bought 135,473 shares in the previous quarter increasing its stake in Mattel, Inc. Washington Natl Bank invested in 6,052 shares or 0.04% of the stock.

For the past 5 years, Mattel, Inc.'s EPS growth has been almost -15.9%. Shares of MAT moved downward with change of -12.68% to its 50-day Moving average. If you are reading this news story on another website, it was stolen and reposted in violation of USA and global trademark and copyright law.

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BMO Capital Markets maintained Mattel, Inc. The Company's divisions are North America; International, and American Girl. The Business's portfolio of brands and products are grouped into approximately four brand categories, including Mattel Girls & Boys Brands, Fisher-Price Brands, American Girl Brands, and Construction and Arts & Crafts Brands.

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