Mattel, Inc. (MAT) Receives $25.63 Average PT from Analysts
Mattel, Inc. (NASDAQ:MAT) has earned a consensus recommendation of “Hold” from the sixteen brokerages that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $25.32.
A number of analysts have issued reports on the company. DA Davidson reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Mattel in a research note on Tuesday, May 23rd. UBS AG reaffirmed a “buy” rating and issued a $29.00 price objective on shares of Mattel in a research note on Friday, May 19th. B. Riley reaffirmed a “buy” rating and issued a $30.50 price objective on shares of Mattel in a research note on Wednesday, April 26th. Monness Crespi & Hardt reduced their price objective on Mattel from $34.00 to $29.00 and set a “buy” rating on the stock in a research note on Friday, April 21st. Finally, BMO Capital Markets reaffirmed a “buy” rating on shares of Mattel in a research note on Wednesday, June 7th.
Institutional investors have recently added to or reduced their stakes in the stock. Delta Asset Management LLC TN bought a new position in Mattel during the first quarter valued at $102,000. Bollard Group LLC increased its position in Mattel by 1.5% in the first quarter. Bollard Group LLC now owns 4,200 shares of the company’s stock valued at $108,000 after buying an additional 62 shares in the last quarter. Amica Retiree Medical Trust bought a new position in Mattel during the first quarter valued at $121,000. First Interstate Bank increased its position in Mattel by 237.1% in the first quarter. First Interstate Bank now owns 6,682 shares of the company’s stock valued at $171,000 after buying an additional 4,700 shares in the last quarter. Finally, Searle & CO. bought a new position in Mattel during the fourth quarter valued at $226,000. 93.82% of the stock is currently owned by hedge funds and other institutional investors.
Mattel (NASDAQ MAT) traded down 2.9786% on Friday, hitting $19.0356. 7,549,425 shares of the company traded hands. The firm has a market capitalization of $6.53 billion, a PE ratio of 27.3108 and a beta of 0.84. Mattel has a 1-year low of $18.85 and a 1-year high of $34.24. The firm’s 50 day moving average price is $20.84 and its 200 day moving average price is $23.75.
Mattel (NASDAQ:MAT) last posted its quarterly earnings results on Thursday, July 27th. The company reported ($0.14) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.09) by $0.05. Mattel had a return on equity of 11.62% and a net margin of 4.51%. The business had revenue of $974.50 million during the quarter, compared to analysts’ expectations of $972.36 million. During the same period in the prior year, the firm posted ($0.02) earnings per share. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. Equities research analysts predict that Mattel will post $0.94 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Wednesday, August 23rd will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.06%. The ex-dividend date of this dividend is Monday, August 21st. Mattel’s dividend payout ratio is currently 220.29%.
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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