Mattel (NASDAQ:MAT)‘s stock had its “hold” rating reissued by stock analysts at Stifel Nicolaus in a research report issued to clients and investors on Wednesday. They presently have a $14.00 target price on the stock, down from their prior target price of $34.00. Stifel Nicolaus’ price target points to a potential downside of 13.79% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. UBS reiterated a “buy” rating and issued a $23.00 target price on shares of Mattel in a report on Saturday, September 16th. Monness Crespi & Hardt raised their price objective on shares of Mattel from $22.00 to $27.00 and gave the stock a “buy” rating in a report on Wednesday, October 11th. TheStreet lowered shares of Mattel from a “c” rating to a “d” rating in a report on Thursday, October 26th. KeyCorp restated a “hold” rating on shares of Mattel in a report on Sunday, October 29th. Finally, Jefferies Group set a $13.00 price objective on shares of Mattel and gave the stock a “hold” rating in a report on Sunday, October 29th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $21.54.

Shares of Mattel (NASDAQ MAT) traded up $0.65 during midday trading on Wednesday, reaching $16.24. 8,090,100 shares of the company traded hands, compared to its average volume of 7,944,907. Mattel has a fifty-two week low of $12.71 and a fifty-two week high of $31.60. The firm has a market capitalization of $5,358.74, a price-to-earnings ratio of 103.93, a P/E/G ratio of 71.59 and a beta of 1.00. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.32 and a quick ratio of 0.89.

Mattel (NASDAQ:MAT) last posted its earnings results on Thursday, October 26th. The company reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.49). The firm had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.82 billion. Mattel had a positive return on equity of 2.51% and a negative net margin of 11.73%. The company’s revenue for the quarter was down 13.1% on a year-over-year basis. During the same quarter last year, the business posted $0.70 earnings per share. equities research analysts anticipate that Mattel will post -0.04 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in MAT. Intact Investment Management Inc. grew its position in shares of Mattel by 14.0% in the 2nd quarter. Intact Investment Management Inc. now owns 93,100 shares of the company’s stock valued at $2,004,000 after acquiring an additional 11,400 shares during the period. Thrivent Financial For Lutherans lifted its stake in shares of Mattel by 3.2% during the 2nd quarter. Thrivent Financial For Lutherans now owns 13,050 shares of the company’s stock worth $281,000 after buying an additional 410 shares during the last quarter. Aberdeen Asset Management PLC UK lifted its stake in shares of Mattel by 43.8% during the 2nd quarter. Aberdeen Asset Management PLC UK now owns 147,083 shares of the company’s stock worth $3,167,000 after buying an additional 44,802 shares during the last quarter. State of Wisconsin Investment Board lifted its stake in shares of Mattel by 31.1% during the 2nd quarter. State of Wisconsin Investment Board now owns 298,972 shares of the company’s stock worth $6,437,000 after buying an additional 70,840 shares during the last quarter. Finally, Olstein Capital Management L.P. lifted its stake in shares of Mattel by 375.4% during the 3rd quarter. Olstein Capital Management L.P. now owns 539,160 shares of the company’s stock worth $8,346,000 after buying an additional 425,760 shares during the last quarter. 93.86% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: “Stifel Nicolaus Reiterates Hold Rating for Mattel (MAT)” was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of U.S. and international trademark and copyright law. The original version of this news story can be read at https://www.thecerbatgem.com/2017/12/15/stifel-nicolaus-reiterates-hold-rating-for-mattel-mat.html.

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.

Analyst Recommendations for Mattel (NASDAQ:MAT)

Receive News & Stock Ratings for Mattel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mattel and related stocks with our FREE daily email newsletter.