BidaskClub upgraded shares of Mattel (NASDAQ:MAT) from a hold rating to a buy rating in a research note issued to investors on Friday, BidAskClub reports.
MAT has been the subject of a number of other research reports. DA Davidson reissued a neutral rating on shares of Mattel in a research note on Tuesday, July 30th. UBS Group set a $14.00 price objective on Mattel and gave the company a hold rating in a research note on Wednesday, May 8th. MKM Partners increased their price objective on Mattel from $13.00 to $14.00 and gave the company a neutral rating in a research note on Friday, April 26th. JPMorgan Chase & Co. raised Mattel from a neutral rating to an overweight rating in a research note on Tuesday, June 4th. Finally, Zacks Investment Research raised Mattel from a strong sell rating to a hold rating in a research note on Tuesday, April 23rd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. Mattel presently has an average rating of Hold and a consensus target price of $14.31.
Shares of NASDAQ:MAT traded down $0.45 during trading on Friday, reaching $13.14. 7,654,333 shares of the company traded hands, compared to its average volume of 4,630,727. The stock has a market capitalization of $4.70 billion, a price-to-earnings ratio of -11.53 and a beta of 1.55. Mattel has a 52-week low of $9.09 and a 52-week high of $17.26. The company has a quick ratio of 1.11, a current ratio of 1.78 and a debt-to-equity ratio of 6.78. The firm’s fifty day simple moving average is $12.01.
Mattel (NASDAQ:MAT) last released its quarterly earnings data on Thursday, July 25th. The company reported ($0.25) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.10. The firm had revenue of $860.10 million during the quarter, compared to analyst estimates of $822.24 million. Mattel had a negative return on equity of 28.70% and a negative net margin of 6.00%. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.56) earnings per share. On average, research analysts forecast that Mattel will post -0.54 EPS for the current year.
A number of hedge funds have recently made changes to their positions in MAT. Bessemer Group Inc. lifted its stake in Mattel by 361.4% in the second quarter. Bessemer Group Inc. now owns 2,353 shares of the company’s stock worth $27,000 after acquiring an additional 1,843 shares during the period. Legacy Advisors LLC purchased a new stake in Mattel in the first quarter worth $39,000. Steward Partners Investment Advisory LLC purchased a new stake in Mattel in the second quarter worth $49,000. AdvisorNet Financial Inc purchased a new stake in Mattel in the second quarter worth $50,000. Finally, Machina Capital S.A.S. purchased a new stake in Mattel in the second quarter worth $68,000.
Mattel, Inc, a children's entertainment company, designs and produces toys and consumer products worldwide. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, content, gaming, and lifestyle products for children under the Barbie brand; diecast cars, tracks, playsets, and play products for kids, adults, and collectors under the Hot Wheels brand name; content, toy, live events, and other lifestyle products under the Fisher-Price and Thomas & Friends brands; and dolls and books under the American Girl brand name.
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