Equities researchers at B. Riley began coverage on shares of Mattel (NASDAQ:MAT) in a research note issued on Thursday, December 21st, MarketBeat.com reports. The brokerage set a “neutral” rating and a $15.00 price target on the stock. B. Riley’s price objective points to a potential downside of 1.90% from the company’s previous close. B. Riley also issued estimates for Mattel’s Q2 2018 earnings at ($0.12) EPS, Q3 2018 earnings at $0.40 EPS, Q4 2018 earnings at $0.37 EPS and FY2019 earnings at $0.80 EPS.
Several other analysts also recently weighed in on MAT. Monness Crespi & Hardt lifted their price objective on shares of Mattel from $22.00 to $27.00 and gave the company a “buy” rating in a research report on Wednesday, October 11th. TheStreet downgraded shares of Mattel from a “c” rating to a “d” rating in a research report on Thursday, October 26th. BMO Capital Markets lifted their price objective on shares of Mattel from $23.00 to $25.00 and gave the company an “outperform” rating in a research report on Monday, October 30th. BidaskClub downgraded shares of Mattel from a “sell” rating to a “strong sell” rating in a research report on Saturday, November 4th. Finally, Jefferies Group restated a “hold” rating and set a $17.00 price target on shares of Mattel in a research report on Thursday, September 7th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Mattel currently has a consensus rating of “Hold” and a consensus target price of $20.25.
Shares of Mattel (NASDAQ MAT) opened at $15.29 on Thursday. The stock has a market cap of $5,255.62, a price-to-earnings ratio of 101.93, a P/E/G ratio of 4.14 and a beta of 1.01. The company has a current ratio of 1.32, a quick ratio of 0.89 and a debt-to-equity ratio of 1.31. Mattel has a one year low of $12.71 and a one year high of $31.60.
Mattel (NASDAQ:MAT) last announced its quarterly earnings data 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). 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 for the quarter, compared to analyst estimates of $1.82 billion. During the same period in the prior year, the business earned $0.70 earnings per share. Mattel’s revenue was down 13.1% on a year-over-year basis. analysts expect that Mattel will post -0.16 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Highlander Capital Management LLC bought a new stake in Mattel in the second quarter worth approximately $105,000. Penserra Capital Management LLC grew its position in Mattel by 26.6% in the second quarter. Penserra Capital Management LLC now owns 6,117 shares of the company’s stock worth $131,000 after acquiring an additional 1,287 shares in the last quarter. Zeke Capital Advisors LLC bought a new stake in Mattel in the third quarter worth approximately $163,000. Hartland & Co. LLC bought a new stake in Mattel in the third quarter worth approximately $165,000. Finally, ETF Managers Group LLC bought a new stake in Mattel in the second quarter worth approximately $195,000. 93.66% of the stock is currently owned by hedge funds and other institutional investors.
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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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