Mattel (NASDAQ:MAT) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.
Several other research firms have also weighed in on MAT. Jefferies Group set a $17.00 price objective on Mattel and gave the stock a “hold” rating in a research note on Saturday, December 2nd. UBS Group reissued a “buy” rating and set a $23.00 price objective on shares of Mattel in a research note on Saturday, September 16th. Zacks Investment Research raised Mattel from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 26th. Stifel Nicolaus reduced their price objective on Mattel from $19.00 to $17.00 and set a “hold” rating for the company in a research note on Thursday, October 12th. Finally, SunTrust Banks reissued a “hold” rating and set a $17.00 price objective (down from $22.00) on shares of Mattel in a research note on Tuesday, October 10th. One analyst has rated the stock with a sell rating, twelve have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $20.25.
Shares of Mattel (MAT) traded down $0.19 during midday trading on Friday, reaching $15.29. The company’s stock had a trading volume of 4,067,800 shares, compared to its average volume of 3,971,567. The company has a current ratio of 1.32, a quick ratio of 0.89 and a debt-to-equity ratio of 1.31. The company has a market cap of $5,255.62, a price-to-earnings ratio of -8.79, a P/E/G ratio of 4.14 and a beta of 1.01. Mattel has a 52-week low of $12.71 and a 52-week high of $31.60.
Mattel (NASDAQ:MAT) last issued its quarterly earnings results on Thursday, October 26th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.49). The firm had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.82 billion. Mattel had a negative net margin of 11.73% and a positive return on equity of 2.51%. The business’s revenue for the quarter was down 13.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.70 earnings per share. analysts predict that Mattel will post -0.16 EPS for the current year.
Several large investors have recently made changes to their positions in MAT. Janus Henderson Group PLC raised its holdings in shares of Mattel by 19,570.6% during the second quarter. Janus Henderson Group PLC now owns 9,617,527 shares of the company’s stock worth $207,066,000 after acquiring an additional 9,568,634 shares in the last quarter. Parnassus Investments CA raised its holdings in Mattel by 92.5% during the third 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 in the last quarter. Bank of New York Mellon Corp raised its holdings in Mattel by 20.6% during the third quarter. Bank of New York Mellon Corp now owns 13,201,338 shares of the company’s stock valued at $204,357,000 after buying an additional 2,253,399 shares in the last quarter. Fairpointe Capital LLC raised its holdings in Mattel by 24.3% during the second quarter. Fairpointe Capital LLC now owns 7,993,469 shares of the company’s stock valued at $172,099,000 after buying an additional 1,560,624 shares in the last quarter. Finally, Capital World Investors raised its holdings in Mattel by 232.1% during the second quarter. Capital World Investors now owns 1,559,700 shares of the company’s stock valued at $33,580,000 after buying an additional 1,090,000 shares in the last quarter.
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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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