Shares of Mattel, Inc. (NASDAQ:MAT) have been given a consensus rating of “Hold” by the eighteen brokerages that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $21.46.
MAT has been the subject of a number of analyst reports. Monness Crespi & Hardt raised their target price on shares of Mattel from $22.00 to $27.00 and gave the company a “buy” rating in a research note on Wednesday, October 11th. BidaskClub raised shares of Mattel from a “strong sell” rating to a “sell” rating in a research note on Thursday, September 14th. Jefferies Group LLC reaffirmed a “hold” rating and set a $17.00 target price on shares of Mattel in a research note on Thursday, September 7th. BMO Capital Markets raised their target price on shares of Mattel from $23.00 to $25.00 and gave the company an “outperform” rating in a research note on Monday, October 30th. Finally, UBS AG set a $26.00 target price on shares of Mattel and gave the company a “buy” rating in a research note on Friday, July 28th.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Intact Investment Management Inc. increased its holdings in Mattel by 14.0% in the 2nd quarter. Intact Investment Management Inc. now owns 93,100 shares of the company’s stock valued at $2,004,000 after acquiring an additional 11,400 shares during the last quarter. Thrivent Financial For Lutherans increased its holdings in Mattel by 3.2% in the 2nd quarter. Thrivent Financial For Lutherans now owns 13,050 shares of the company’s stock valued at $281,000 after acquiring an additional 410 shares during the last quarter. Aberdeen Asset Management PLC UK increased its holdings in Mattel by 43.8% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 147,083 shares of the company’s stock valued at $3,167,000 after acquiring an additional 44,802 shares during the last quarter. State of Wisconsin Investment Board increased its holdings in Mattel by 31.1% in the 2nd quarter. State of Wisconsin Investment Board now owns 298,972 shares of the company’s stock valued at $6,437,000 after acquiring an additional 70,840 shares during the last quarter. Finally, Greenwood Capital Associates LLC bought a new stake in Mattel in the 2nd quarter valued at $287,000. Institutional investors own 93.01% of the company’s stock.
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Shares of Mattel (MAT) traded up $0.69 on Monday, reaching $14.62. 11,129,100 shares of the company’s stock traded hands, compared to its average volume of 7,655,761. The company has a quick ratio of 0.89, a current ratio of 1.32 and a debt-to-equity ratio of 1.31. Mattel has a twelve month low of $12.71 and a twelve month high of $32.48. The stock has a market capitalization of $4,788.15, a price-to-earnings ratio of 92.87, a PEG ratio of 35.82 and a beta of 0.88.
Mattel (NASDAQ:MAT) last issued its quarterly earnings data on Thursday, October 26th. The company reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.49). Mattel had a positive return on equity of 2.51% and a negative net margin of 11.73%. The company had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter last year, the business earned $0.70 earnings per share. The business’s quarterly revenue was down 13.1% on a year-over-year basis. analysts anticipate that Mattel will post 0.04 earnings per share for the current fiscal year.
Mattel Company Profile
Mattel, Inc manufactures and markets a range of toy products around the world. The Company’s segments are North America; International, and American Girl. Its portfolio of brands and products are grouped into approximately four major brand categories, including Mattel Girls & Boys Brands, Fisher-Price Brands, American Girl Brands and Construction and Arts & Crafts Brands.
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