Mattel, Inc. (MAT) Upgraded to “Hold” by ValuEngine
ValuEngine upgraded shares of Mattel, Inc. (NASDAQ:MAT) from a sell rating to a hold rating in a research report released on Tuesday.
Other equities analysts also recently issued research reports about the stock. UBS AG reissued a buy rating and issued a $23.00 price objective on shares of Mattel in a research note on Saturday, September 16th. Monness Crespi & Hardt boosted their price objective on shares of Mattel from $22.00 to $27.00 and gave the stock a buy rating in a research note on Wednesday, October 11th. TheStreet lowered shares of Mattel from a c rating to a d rating in a report on Thursday, October 26th. Jefferies Group LLC reaffirmed a hold rating and issued a $17.00 price target on shares of Mattel in a report on Thursday, September 7th. Finally, Stifel Nicolaus reaffirmed a hold rating and issued a $19.00 price target on shares of Mattel in a report on Tuesday, September 5th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of Hold and a consensus target price of $21.46.
Shares of Mattel (NASDAQ:MAT) traded up $0.90 during trading hours on Tuesday, reaching $18.54. 28,172,201 shares of the company were exchanged, compared to its average volume of 7,939,780. The company has a market capitalization of $6,063.39, a P/E ratio of 117.60, a price-to-earnings-growth ratio of 45.36 and a beta of 0.88. Mattel has a 52 week low of $12.71 and a 52 week high of $32.48. 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 (NASDAQ:MAT) last issued its quarterly earnings data on Thursday, October 26th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.49). The business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.82 billion. Mattel had a positive return on equity of 2.51% and a negative net margin of 11.73%. The business’s quarterly revenue was down 13.1% on a year-over-year basis. During the same period last year, the firm earned $0.70 EPS. equities analysts anticipate that Mattel will post 0.04 earnings per share for the current fiscal year.
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Several institutional investors and hedge funds have recently made changes to their positions in the company. Thrivent Financial For Lutherans boosted its holdings in Mattel by 5.8% in the first quarter. Thrivent Financial For Lutherans now owns 12,640 shares of the company’s stock valued at $324,000 after purchasing an additional 690 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Mattel by 0.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,345,746 shares of the company’s stock valued at $34,463,000 after purchasing an additional 11,301 shares during the last quarter. Xact Kapitalforvaltning AB boosted its holdings in Mattel by 2.8% in the second quarter. Xact Kapitalforvaltning AB now owns 39,353 shares of the company’s stock valued at $847,000 after purchasing an additional 1,062 shares during the last quarter. Creative Planning boosted its holdings in Mattel by 14.3% in the second quarter. Creative Planning now owns 22,023 shares of the company’s stock valued at $474,000 after purchasing an additional 2,760 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. boosted its holdings in Mattel by 509.3% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 55,584 shares of the company’s stock valued at $1,197,000 after purchasing an additional 46,462 shares during the last quarter. 95.89% of the stock is currently owned by hedge funds and other institutional investors.
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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