Stifel Nicolaus Reiterates Hold Rating for Mattel (MAT)
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.
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.
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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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