Mattel (NASDAQ:MAT) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.
Several other equities research analysts also recently weighed in on MAT. Jefferies Group set a $17.00 target price on shares of Mattel and gave the stock a “hold” rating in a research note on Saturday, December 2nd. SunTrust Banks reissued a “hold” rating and set a $17.00 price target (down from $22.00) on shares of Mattel in a report on Tuesday, October 10th. DA Davidson cut their price target on shares of Mattel from $14.00 to $13.00 and set an “underperform” rating for the company in a report on Friday, September 22nd. UBS reissued a “buy” rating and set a $23.00 price target on shares of Mattel in a report on Saturday, September 16th. Finally, ValuEngine raised shares of Mattel from a “sell” rating to a “hold” rating in a report on Tuesday, November 14th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Mattel presently has a consensus rating of “Hold” and a consensus target price of $21.79.
Mattel (NASDAQ:MAT) traded up $0.23 during midday trading on Thursday, reaching $15.39. 6,071,934 shares of the company’s stock traded hands, compared to its average volume of 7,942,857. 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 $5,482.48, a P/E ratio of 106.33, a PEG ratio of 41.01 and a beta of 1.00.
Mattel (NASDAQ:MAT) last announced 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). Mattel had a positive return on equity of 2.51% and a negative net margin of 11.73%. The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same quarter last year, the company posted $0.70 EPS. Mattel’s quarterly revenue was down 13.1% on a year-over-year basis. sell-side analysts anticipate that Mattel will post 0.04 earnings per share for the current year.
Several institutional investors and hedge funds have recently modified their holdings of MAT. Louisiana State Employees Retirement System increased its stake 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 worth $456,000 after purchasing an additional 200 shares in the last quarter. CIBC Asset Management Inc boosted its position in Mattel by 2.9% during the second quarter. CIBC Asset Management Inc now owns 48,698 shares of the company’s stock worth $1,048,000 after acquiring an additional 1,386 shares during the last quarter. Retirement Systems of Alabama boosted its position in Mattel by 0.3% during the second quarter. Retirement Systems of Alabama now owns 166,090 shares of the company’s stock worth $3,576,000 after acquiring an additional 558 shares during the last quarter. Kovitz Investment Group Partners LLC acquired a new stake in Mattel during the second quarter worth approximately $771,000. Finally, Canada Pension Plan Investment Board boosted its position in Mattel by 231.1% during the second quarter. Canada Pension Plan Investment Board now owns 227,050 shares of the company’s stock worth $4,888,000 after acquiring an additional 158,484 shares during the last quarter. 93.86% of the stock is owned by institutional investors and hedge funds.
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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