Shares of Mattel, Inc. (NASDAQ:MAT) have been given an average recommendation of “Hold” by the nineteen research firms that are presently covering the firm, MarketBeat reports. Thirteen research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $19.63.
Several research analysts recently issued reports on the company. Stifel Nicolaus cut their target price on Mattel from $19.00 to $17.00 and set a “hold” rating on the stock in a research report on Thursday, October 12th. BidaskClub cut Mattel from a “hold” rating to a “sell” rating in a research report on Thursday, December 7th. Jefferies Group set a $14.00 target price on Mattel and gave the company a “hold” rating in a research report on Tuesday, December 12th. Zacks Investment Research raised Mattel from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Finally, UBS Group reissued a “buy” rating and issued a $23.00 price objective on shares of Mattel in a research report on Saturday, September 16th.
Several hedge funds and other institutional investors have recently modified their holdings of MAT. Janus Henderson Group PLC lifted its position in shares of Mattel by 19,570.6% during the 2nd quarter. Janus Henderson Group PLC now owns 9,617,527 shares of the company’s stock valued at $207,066,000 after buying an additional 9,568,634 shares during the last quarter. Parnassus Investments CA lifted its position in shares of Mattel by 92.5% during the 3rd quarter. Parnassus Investments CA now owns 16,064,364 shares of the company’s stock valued at $248,676,000 after buying an additional 7,719,364 shares during the last quarter. Eaton Vance Management raised its stake in shares of Mattel by 581.7% during the 2nd quarter. Eaton Vance Management now owns 2,682,680 shares of the company’s stock valued at $57,758,000 after purchasing an additional 2,289,165 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Mattel by 20.6% during 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 period. Finally, Fairpointe Capital LLC raised its stake in shares of Mattel by 24.3% during the 2nd quarter. Fairpointe Capital LLC now owns 7,993,469 shares of the company’s stock valued at $172,099,000 after purchasing an additional 1,560,624 shares during the period. 93.66% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Mattel (NASDAQ MAT) traded up $0.04 during trading hours on Tuesday, hitting $15.38. The company had a trading volume of 3,601,694 shares, compared to its average volume of 7,520,000. The stock has a market capitalization of $5,290.00, a PE ratio of -8.79 and a beta of 1.00. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.89 and a current ratio of 1.32. Mattel has a one year low of $12.71 and a one year high of $31.60.
Mattel (NASDAQ:MAT) last announced its earnings results on Thursday, October 26th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.49). The company had revenue of $1.56 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was down 13.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.70 EPS. analysts anticipate that Mattel will post -0.16 earnings per share for the current year.
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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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