Mattel, Inc. (MAT) Given Average Recommendation of “Hold” by Analysts
Mattel, Inc. (NASDAQ:MAT) has earned a consensus rating of “Hold” from the fifteen research firms that are presently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, five have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $24.05.
A number of equities research analysts have recently issued reports on MAT shares. DA Davidson reiterated a “buy” rating and set a $30.00 price target on shares of Mattel in a research report on Tuesday, May 23rd. UBS AG set a $26.00 price target on shares of Mattel and gave the company a “buy” rating in a research report on Friday, July 28th. Barclays PLC reduced their price target on shares of Mattel from $25.00 to $22.00 and set an “equal weight” rating for the company in a research report on Friday, June 16th. BidaskClub downgraded shares of Mattel from a “sell” rating to a “strong sell” rating in a research report on Friday, August 11th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and set a $22.00 price target (down from $25.00) on shares of Mattel in a research report on Friday, June 16th.
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In other news, CEO Mary Margaret Hasti Georgiadis bought 12,660 shares of the stock in a transaction on Tuesday, August 1st. The stock was purchased at an average cost of $19.61 per share, with a total value of $248,262.60. Following the purchase, the chief executive officer now owns 116,788 shares of the company’s stock, valued at $2,290,212.68. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.40% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in MAT. Sentry Investment Management LLC boosted its stake in Mattel by 0.3% in the second quarter. Sentry Investment Management LLC now owns 25,759 shares of the company’s stock valued at $555,000 after buying an additional 67 shares during the last quarter. Toronto Dominion Bank boosted its stake in Mattel by 25.0% in the second quarter. Toronto Dominion Bank now owns 116,042 shares of the company’s stock valued at $2,498,000 after buying an additional 23,236 shares during the last quarter. Schafer Cullen Capital Management Inc. boosted its stake in Mattel by 26.6% in the second quarter. Schafer Cullen Capital Management Inc. now owns 42,182 shares of the company’s stock valued at $908,000 after buying an additional 8,865 shares during the last quarter. National Asset Management Inc. purchased a new stake in Mattel during the second quarter valued at approximately $213,000. Finally, Bank of Nova Scotia boosted its stake in Mattel by 635.8% in the second quarter. Bank of Nova Scotia now owns 577,735 shares of the company’s stock valued at $12,439,000 after buying an additional 499,220 shares during the last quarter. 93.53% of the stock is owned by hedge funds and other institutional investors.
Shares of Mattel (NASDAQ MAT) traded down 0.06% during mid-day trading on Wednesday, reaching $16.46. The company’s stock had a trading volume of 3,923,742 shares. The firm’s 50-day moving average price is $19.18 and its 200 day moving average price is $22.48. Mattel has a 12-month low of $15.93 and a 12-month high of $33.98. The firm has a market cap of $5.64 billion, a P/E ratio of 23.62 and a beta of 0.84.
Mattel (NASDAQ:MAT) last posted its quarterly earnings results 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 company had revenue of $974.50 million for the quarter, compared to analyst estimates of $972.36 million. During the same quarter in the previous year, the business posted ($0.02) earnings per share. Mattel’s revenue was up 1.8% on a year-over-year basis. On average, analysts expect that Mattel will post $0.80 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Wednesday, August 23rd will be paid a $0.15 dividend. The ex-dividend date of this dividend is Monday, August 21st. This represents a $0.60 annualized dividend and a yield of 3.64%. Mattel’s payout ratio is currently 86.96%.
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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