Toy maker Mattel, Inc. (MAT) on Monday caught some tepid commentary from analysts at Wells Fargo.
The firm maintained its “Outperform” rating on MAT but lowered its earnings estimates for the company through 2013. Wells Fargo noted the company is leveraged to a stronger dollar.
Mattel shares, which have risen more than 10% year-to-date, were mostly flat in premarket trading Monday.
The Bottom Line
We have been recommending shares of Mattel (MAT) since Jan.31, when the stock was trading at $29.53. The company has a 4.06% dividend yield, based on Friday’s closing stock price of $30.56.
Mattel, Inc. (MAT) is a “Recommended” dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars.
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