Mattel (NASDAQ:MAT) Profit Outshines Wall Street Forecasts; Stock Hikes to Record High – MAT, JAKK, HAS, LF

The El Segundo, California- based Mattel, Inc’s (NASDAQ:MAT) stock moved up in over 3 months after the company announced fiscal Q1 profit and revenue that surpass analysts’ forecasts, directed by demand for Monster High and American Girl brand products.

Shares of the world’s biggest toymaker hiked 1.9% to settle at $43.78 in New York and marked the record high level since January 9.

Mattel stock hiked 20% current year, evaluated against a 8.8% boost for the Standard & Poor’s 500 Index.

Mattel announced in a statement on Wednesday that sales of American Girl dolls moved up 32% during three months period from a year ago.

EPS in three months period finished March 31 totaled 11 cents, the median forecast of 12 analysts polled by Bloomberg was 8 cents.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. JAKKS Pacific, Inc. (NASDAQ:JAKK) fell -2.96% to settle at $10.15, Hasbro, Inc. (NASDAQ:HAS) moved down -1.33% to end at $43.74 while LeapFrog Enterprises, Inc. (NYSE:LF) plunged -3.86% to finish at $7.98 on Wednesday.

Mattel, Inc. (NASDAQ:MAT) on April 17, 2013 increased +1.86% to the closing price of $43.78. The overall volume in the last trading session was 6.43 million shares. Its fifty two weeks range was $30.15 – $45.37. The total market capitalization remained at $15.08 billion.

MAT is ahead of its 52-week low with +49.01% and lagging behind from its 52-week high price with -1.44%. MAT’s last month’s stock price volatility remained 1.56%. In its share capital MAT has 345.03 million outstanding shares, among them 343.94 million shares have been floated in market exchange. MAT’s stock’s institutional ownership remained 91.50% while insider ownership included 0.30%.

The stock price of MAT is moving forward from its 20 days moving average with +1.22% and remote positively from 50 days moving average with +5.00%. MAT’s current year’s earnings per share experienced an addition with 1.85% while its current quarter performance remained at +19.26%. Company’s beta coefficient included 0.98. Beta factors measure the amount of market risk associated with market trade.

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