Mattel, Inc. (NASDAQ:MAT) was downgraded by analysts at TheStreet from a “c” rating to a “d” rating in a report issued on Thursday, October 26th.
MAT has been the subject of several other research reports. ValuEngine cut Mattel from a “hold” rating to a “sell” rating in a report on Friday, October 27th. DA Davidson decreased their price objective on Mattel from $14.00 to $13.00 and set an “underperform” rating for the company in a report on Friday, September 22nd. MKM Partners decreased their price objective on Mattel from $24.00 to $22.00 and set a “buy” rating for the company in a report on Monday, July 3rd. Jefferies Group LLC reaffirmed a “hold” rating and issued a $17.00 price target (down previously from $19.00) on shares of Mattel in a report on Friday, July 28th. Finally, UBS AG reaffirmed a “buy” rating and issued a $23.00 price target on shares of Mattel in a report on Saturday, September 16th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Mattel has an average rating of “Hold” and an average price target of C$21.46.
Mattel (NASDAQ MAT) opened at C$14.62 on Thursday. Mattel has a fifty-two week low of C$12.71 and a fifty-two week high of C$32.48. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.32 and a quick ratio of 0.89. The stock has a market capitalization of $5,025.33, a price-to-earnings ratio of 97.47, a PEG ratio of 37.59 and a beta of 0.88.
Mattel (NASDAQ:MAT) last posted its quarterly earnings results on Thursday, October 26th. The company reported C$0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.58 by C($0.49). The firm had revenue of C$1.56 billion for the quarter, compared to analysts’ expectations of C$1.82 billion. Mattel had a negative net margin of 11.73% and a positive return on equity of 2.51%. The firm’s revenue for the quarter was down 13.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.70 EPS. sell-side analysts anticipate that Mattel will post 0.04 earnings per share for the current fiscal year.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. IHT Wealth Management LLC boosted its holdings in Mattel by 5,624.1% in the 2nd quarter. IHT Wealth Management LLC now owns 1,660 shares of the company’s stock valued at $302,000 after purchasing an additional 1,631 shares in the last quarter. Highlander Capital Management LLC purchased a new stake in Mattel in the 2nd quarter valued at approximately $105,000. Penserra Capital Management LLC boosted its holdings in Mattel by 26.6% in the 2nd quarter. Penserra Capital Management LLC now owns 6,117 shares of the company’s stock valued at $131,000 after purchasing an additional 1,287 shares in the last quarter. Delta Asset Management LLC TN boosted its holdings in Mattel by 54.7% in the 2nd quarter. Delta Asset Management LLC TN now owns 6,150 shares of the company’s stock valued at $133,000 after purchasing an additional 2,175 shares in the last quarter. Finally, ETF Managers Group LLC purchased a new stake in Mattel in the 2nd quarter valued at approximately $195,000. 95.89% of the stock is currently owned by hedge funds and other institutional investors.
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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