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Stock impact report

JPMorgan Slashes Mattel, Inc. (MAT)'s Price Target After Revenue and Earnings Miss [Yahoo! Finance]

Mattel, Inc. (MAT) 
Last mattel, inc. earnings: 2/13 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.shareholder.com/mattel
Company Research Source: Yahoo! Finance
Christopher Horvers slashed his price target on the stock to $23 from $25, while keeping a Neutral rating on its shares. JPMorgan Slashes Mattel, Inc. (MAT)'s Price Target After Revenue and Earnings Miss The adjustment followed the company's third-quarter earnings results on October 21, which missed Wall Street's estimates for both revenue and profit, as tariffs took a toll on its sales in North America. The Barbie-maker posted net sales of $1.74 billion, down 6% year-over-year and falling shy of expectations of $1.83 billion. The company's net income stood at $278 million, down $94 million from the prior year's period. EPS was reported at $0.89 EPS, missing estimates of $1.05. In a research note to investors, the JPMorgan analyst said that Mattel, Inc. (NASDAQ:MAT) missed revenue estimates for the third quarter as retailers shifted towards domestic shipping from direct imports. However, the company was poised for a strong finish to the fiscal year amid efficient inventory man Show less Read more
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