Hasbro, Inc. (HAS) Reportedly Mulls Mattel Acquisition

Toy story: Kids' games giant Hasbro makes approach to buy Barbie maker Mattel

Hasbro, Inc. shares closed at $91.45 on Friday, up $2.76 (+3.11%). For the quarter, shares are performing at -16.12%. The company has a market capitalization of $5,025.33, a P/E ratio of 97.47, a P/E/G ratio of 37.59 and a beta of 0.88. During the same quarter in the prior year, the business earned $0.71 EPS. Weekly performance analysis shows the equity at 11.43%.Covering Sell-Side analysts have offered recommendations and price target estimates on Mattel, Inc. The firm's revenue for the quarter was up.2% compared to the same quarter past year. Capital World Investors now owns 1,559,700 shares of the company's stock valued at $33,580,000 after acquiring an additional 1,090,000 shares during the period. Analysts forecast that Mattel Inc. will post $1.28 earnings per share for the current fiscal year.

Several research analysts have weighed in on MAT shares. This represents a change from the opening price of -0.45%.

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Mattel has struggled with slumping sales despite hiring a new chief executive this year, Margo Georgiadis, a former Google executive. A rating of 4 or 5 would indicate a Sell. Vetr raised Mattel from a "buy" rating to a "strong-buy" rating and set a $41.14 price target on the stock in a research report on Monday, August 29th. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of US and global copyright law. TheStreet downgraded Mattel from a "c" rating to a "d" rating in a research report on Thursday, October 26th. If you are reading this piece on another domain, it was illegally copied and reposted in violation of United States and global trademark & copyright law.

A combination of the two companies would bring an impressive portfolio of brands under one roof. The Company's segments are North America; International, and American Girl. Despite its financial woes, brands like Fisher Price and Hot Wheels, which are still seen as valuable, are said to make Mattel "ripe for a takeover" by Hasbro.

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