Shares of Mattel, Inc. (NASDAQ:MAT) have received an average rating of “Hold” from the nineteen brokerages that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $17.73.
A number of equities analysts have issued reports on MAT shares. Zacks Investment Research upgraded Mattel from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 26th. Jefferies Group dropped coverage on Mattel in a report on Monday, December 18th. BidaskClub cut Mattel from a “hold” rating to a “sell” rating in a report on Saturday, January 13th. B. Riley assumed coverage on Mattel in a report on Thursday, December 21st. They issued a “neutral” rating and a $15.00 price objective for the company. Finally, Citigroup raised their price objective on Mattel from $19.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, February 6th.
Institutional investors have recently bought and sold shares of the stock. Calton & Associates Inc. bought a new position in Mattel during the fourth quarter worth about $112,000. Zeke Capital Advisors LLC bought a new position in Mattel during the third quarter worth about $163,000. Hartland & Co. LLC bought a new position in Mattel during the third quarter worth about $165,000. Wolverine Asset Management LLC bought a new position in Mattel during the fourth quarter worth about $177,000. Finally, Virtu Financial LLC bought a new position in Mattel during the fourth quarter worth about $187,000. Institutional investors and hedge funds own 93.86% of the company’s stock.
Mattel (NASDAQ:MAT) traded down $0.06 during mid-day trading on Friday, reaching $13.78. The company’s stock had a trading volume of 3,524,946 shares, compared to its average volume of 6,401,169. The company has a market cap of $4,876.83, a PE ratio of -4.50 and a beta of 0.94. The company has a debt-to-equity ratio of 2.28, a quick ratio of 1.55 and a current ratio of 1.92. Mattel has a 52-week low of $12.71 and a 52-week high of $25.97.
Mattel (NASDAQ:MAT) last released its earnings results on Thursday, February 1st. The company reported ($0.72) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.93). The firm had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.69 billion. Mattel had a negative return on equity of 21.37% and a negative net margin of 21.59%. Mattel’s revenue for the quarter was down 12.2% on a year-over-year basis. During the same quarter last year, the company posted $0.52 EPS. equities analysts expect that Mattel will post -0.02 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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