Shares of Mattel, Inc. (NASDAQ:MAT) have been assigned an average recommendation of “Hold” from the sixteen research firms that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $22.95.
A number of research firms have recently issued reports on MAT. MKM Partners cut their price objective on Mattel from $24.00 to $22.00 and set a “buy” rating for the company in a research report on Monday, July 3rd. DA Davidson reaffirmed an “underperform” rating and issued a $14.00 price objective (down from $18.00) on shares of Mattel in a research report on Tuesday, September 12th. BidaskClub cut Mattel from a “hold” rating to a “sell” rating in a research report on Tuesday, June 20th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $17.00 price objective (down from $19.00) on shares of Mattel in a research report on Friday, July 28th. Finally, UBS AG reaffirmed a “buy” rating and issued a $23.00 price objective on shares of Mattel in a research report on Saturday.
In other news, CEO Mary Margaret Hasti Georgiadis acquired 12,660 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The shares were bought at an average price of $19.61 per share, with a total value of $248,262.60. Following the acquisition, the chief executive officer now directly owns 116,788 shares in the company, valued at approximately $2,290,212.68. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.40% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sentry Investment Management LLC boosted its holdings in shares of Mattel by 0.3% during the 2nd quarter. Sentry Investment Management LLC now owns 25,759 shares of the company’s stock valued at $555,000 after acquiring an additional 67 shares in the last quarter. Cleararc Capital Inc. boosted its holdings in shares of Mattel by 0.8% during the 1st quarter. Cleararc Capital Inc. now owns 8,394 shares of the company’s stock valued at $215,000 after acquiring an additional 69 shares in the last quarter. Advantus Capital Management Inc boosted its holdings in shares of Mattel by 0.6% during the 1st quarter. Advantus Capital Management Inc now owns 34,314 shares of the company’s stock valued at $879,000 after acquiring an additional 191 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in shares of Mattel by 1.0% during the 2nd quarter. Louisiana State Employees Retirement System now owns 21,200 shares of the company’s stock valued at $456,000 after acquiring an additional 200 shares in the last quarter. Finally, Private Advisor Group LLC boosted its holdings in shares of Mattel by 1.3% during the 2nd 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 in the last quarter. 93.81% of the stock is currently owned by institutional investors.
Shares of Mattel (NASDAQ:MAT) traded down 0.27% on Friday, reaching $15.01. The company’s stock had a trading volume of 10,577,104 shares. The company’s 50 day moving average is $16.82 and its 200-day moving average is $21.28. The firm has a market cap of $5.14 billion, a price-to-earnings ratio of 21.54 and a beta of 0.87. Mattel has a 1-year low of $14.83 and a 1-year high of $33.23.
Mattel (NASDAQ:MAT) last released its quarterly earnings data on Thursday, July 27th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.05). Mattel had a net margin of 4.51% and a return on equity of 11.62%. The business had revenue of $974.50 million during the quarter, compared to analyst estimates of $972.36 million. During the same period in the previous year, the business earned ($0.02) earnings per share. The business’s quarterly revenue was up 1.8% on a year-over-year basis. Equities research analysts expect that Mattel will post $0.79 EPS 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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