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Mattel Announces New Management Appointment

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Price movement

Mattel (MAT) has a market cap of $10.6 billion. It rose 4.7% to close at $30.91 per share on January 17, 2017. The stock’s weekly, monthly, and YTD (year-to-date) price movements were 1.3%, 4.3%, and 12.2%, respectively, on the same day.

MAT is trading 6.7% above its 20-day moving average, 3.2% above its 50-day moving average, and 0.23% below its 200-day moving average.

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Related ETF and peers

The ALPS Sector Dividend Dogs ETF (SDOG) invests 2.1% of its holdings in Mattel. The YTD price movement of SDOG was 0.95% on January 17.

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

  • Walt Disney (DIS)—$171.0 billion
  • Hasbro (HAS)—$10.6 billion

Latest news on MAT

On January 17, 2017, Margaret H. Georgiadis was appointed as Mattel’s new chief executive officer, effective February 8, 2017. She will also join the company’s board of directors.

Mattel’s performance in 3Q16

Mattel reported 3Q16 net sales of $1.80 billion, a rise of 0.20% over its net sales of $1.79 billion in 3Q15. Gross sales of Mattel Girls & Boys Brands fell 5.3% and gross sales of Fisher-Price Brands and American Girl Brands rose 5.8% and 14.2%, respectively, between 3Q15 and 3Q16. The company’s gross profit margin fell 60 basis points, and its operating margin rose 90 basis points.

Its net income and EPS (earnings per share) rose to $236.3 million and $0.68, respectively, in 3Q16, compared with $223.8 million and $0.66, respectively, in 3Q15. It reported adjusted EPS of $0.70 in 3Q15 and 3Q16.

Mattel’s cash and cash equivalents and inventories rose 2.6% and 4.6%, respectively, between 3Q15 and 3Q16. Its current ratio fell to 1.9x and its debt-to-equity ratio rose to 1.8x in 3Q16, compared with 2.1x and 1.6x, respectively, in 3Q15.

Next, we’ll discuss Altria Group (MO).

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