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How Mattel Performed during the Second Quarter of 2016

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Nov. 20 2020, Updated 1:39 p.m. ET

Price movement

Mattel (MAT) has a market cap of $11.2 billion. It rose by 1.4% to close at $32.83 per share on July 20, 2016. The stock’s weekly, monthly, and YTD (year-to-date) price movements were -1.2%, 1.3%, and 23.9%, respectively, on the same day.

MAT is trading 2.9% above its 20-day moving average, 4.1% above its 50-day moving average, and 14.6% above its 200-day moving average.

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Related ETFs and peers

The ALPS Sector Dividend Dogs ETF (SDOG) invests 2.2% of its holdings in Mattel. The ETF tracks an equal-weighted index of the five highest-yielding S&P 500 securities in each sector. The YTD price movement of SDOG was 19.4% on July 20, 2016.

By comparison, the WisdomTree Dividend Ex-Financials ETF (DTN) invests 2.0% of its holdings in Mattel. The ETF tracks an index selected and weighted by dividends that exclude financial firms.

The market caps of Mattel’s competitors are as follows:

  • Walt Disney (DIS): $159.6 billion
  • Hasbro (HAS): $10.1 billion

Performance of Mattel in 2Q16

Mattel reported 2Q16 net sales of $957.3 million, a decline of 3.1% compared to net sales of $988.2 million in 2Q15. Gross sales of Mattel Girls & Boys and American Girl brands fell by 8.0% and 19.1%, respectively.

Gross sales of Fisher-Price and Construction and Arts & Crafts brands rose by 2.8% and 11.6%, respectively, in 2Q16 compared to 2Q15. The company’s gross profit margin fell by 5.4% in 2Q16 compared to the prior year period.

Its net income and EPS (earnings per share) fell to -$19.1 million and -$0.06, respectively, in 2Q16 compared to -$11.4 million and -$0.03, respectively, in 2Q15. It reported adjusted EPS of -$0.02 in 2Q16 compared to $0.01 in 2Q15.

Mattel’s cash and cash equivalents and inventories rose by 5.8% and 4.5%, respectively, in 2Q16 compared to 2Q15. Its current ratio and long-term debt-to-equity ratio fell to 1.7x and 0.77x, respectively, in 2Q16 compared to 2.6x and 0.81x, respectively, in 2Q15.

Quarterly dividend

Mattel has declared a quarterly cash dividend of $0.38 per share on its common stock. The dividend will be paid on September 16, 2016, to shareholders of record on August 23, 2016.

For an ongoing analysis of this sector, please visit Market Realist’s Consumer Discretionary page.

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