BidaskClub upgraded shares of Mattel (NASDAQ:MAT) from a strong sell rating to a sell rating in a report issued on Wednesday, November 15th.
MAT has been the subject of several other research reports. ValuEngine downgraded shares of Mattel from a hold rating to a sell rating in a research note on Friday, October 27th. DA Davidson dropped their price target on shares of Mattel from $14.00 to $13.00 and set an underperform rating for the company in a research note on Friday, September 22nd. Jefferies Group reiterated a hold rating and set a $17.00 target price (down previously from $19.00) on shares of Mattel in a research note on Friday, July 28th. UBS reiterated a buy rating and set a $23.00 target price on shares of Mattel in a research note on Saturday, September 16th. Finally, TheStreet cut shares of Mattel from a c rating to a d rating in a research report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of Hold and a consensus target price of $21.79.
Mattel (NASDAQ MAT) traded down $0.41 during trading on Wednesday, reaching $16.85. 8,061,439 shares of the company traded hands, compared to its average volume of 7,942,769. Mattel has a 12-month low of $12.71 and a 12-month high of $31.60. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.32 and a quick ratio of 0.89. The firm has a market cap of $5,932.77, a P/E ratio of 115.07, a PEG ratio of 44.38 and a beta of 1.00.
Mattel (NASDAQ:MAT) last posted its earnings results on Thursday, October 26th. The company reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.49). The company had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.82 billion. Mattel had a negative net margin of 11.73% and a positive return on equity of 2.51%. The firm’s revenue for the quarter was down 13.1% on a year-over-year basis. During the same quarter last year, the business posted $0.70 EPS. research analysts predict that Mattel will post 0.04 earnings per share for the current year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in shares of Mattel by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 34,329,879 shares of the company’s stock valued at $739,123,000 after buying an additional 662,676 shares during the period. Parnassus Investments CA lifted its position in Mattel by 92.5% in the 3rd quarter. Parnassus Investments CA now owns 16,064,364 shares of the company’s stock valued at $248,676,000 after purchasing an additional 7,719,364 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Mattel by 20.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 13,201,338 shares of the company’s stock valued at $204,357,000 after purchasing an additional 2,253,399 shares during the last quarter. American Century Companies Inc. lifted its position in Mattel by 91.6% in the 2nd quarter. American Century Companies Inc. now owns 9,958,114 shares of the company’s stock valued at $214,398,000 after purchasing an additional 4,759,608 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its position in Mattel by 19,570.6% in the 2nd quarter. Janus Henderson Group PLC now owns 9,617,527 shares of the company’s stock valued at $207,066,000 after purchasing an additional 9,568,634 shares during the last quarter. 93.86% of the stock is owned by institutional investors and hedge funds.
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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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