BidaskClub lowered shares of Mattel (NASDAQ:MAT) from a hold rating to a sell rating in a research note released on Saturday, January 13th.
A number of other brokerages also recently commented on MAT. UBS Group reissued a buy rating and issued a $23.00 target price on shares of Mattel in a research note on Saturday, September 16th. Monness Crespi & Hardt raised their price objective on shares of Mattel from $22.00 to $27.00 and gave the stock a buy rating in a report on Wednesday, October 11th. TheStreet lowered shares of Mattel from a c rating to a d rating in a report on Thursday, October 26th. Stifel Nicolaus decreased their price objective on shares of Mattel from $19.00 to $17.00 and set a hold rating for the company in a report on Thursday, October 12th. Finally, SunTrust Banks reaffirmed a hold rating and issued a $17.00 price target (down from $22.00) on shares of Mattel in a report on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $20.25.
Shares of Mattel (NASDAQ:MAT) traded up $0.91 on Friday, reaching $16.14. 8,952,100 shares of the company’s stock traded hands, compared to its average volume of 4,594,892. 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 one year low of $12.71 and a one year high of $31.60. The firm has a market capitalization of $5,500.00, a price-to-earnings ratio of -9.22, a P/E/G ratio of 4.37 and a beta of 1.01.
Mattel (NASDAQ:MAT) last issued its earnings results on Thursday, October 26th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.49). The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.82 billion. Mattel had a positive return on equity of 2.51% and a negative net margin of 11.73%. The company’s quarterly revenue was down 13.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.70 earnings per share. sell-side analysts predict that Mattel will post -0.16 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently made changes to their positions in MAT. Kennedy Capital Management Inc. acquired a new stake in Mattel in the second quarter valued at approximately $4,304,000. Private Advisor Group LLC lifted its stake in Mattel by 1.3% in the second quarter. Private Advisor Group LLC now owns 16,306 shares of the company’s stock valued at $341,000 after acquiring an additional 204 shares during the last quarter. South Dakota Investment Council acquired a new stake in Mattel in the second quarter valued at approximately $226,000. AXA acquired a new stake in shares of Mattel in the second quarter worth $304,000. Finally, Aberdeen Asset Management PLC UK lifted its stake in shares of Mattel by 43.8% in the second quarter. Aberdeen Asset Management PLC UK now owns 147,083 shares of the company’s stock worth $3,167,000 after buying an additional 44,802 shares during the last quarter. 93.66% of the stock is currently owned by hedge funds and other institutional investors.
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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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