Mattel, Inc. (NASDAQ:MAT) shot up 0% on Monday . The company traded as high as $17.42 and last traded at $17.27. 9,837,101 shares changed hands during mid-day trading, an increase of 44% from the average session volume of 6,816,544 shares. The stock had previously closed at $17.27.

A number of brokerages have weighed in on MAT. BidaskClub raised shares of Mattel from a “strong sell” rating to a “sell” rating in a report on Wednesday, November 15th. Jefferies Group set a $17.00 price target on shares of Mattel and gave the company a “hold” rating in a report on Saturday, December 2nd. Stifel Nicolaus reissued a “hold” rating and issued a $16.00 price target on shares of Mattel in a report on Monday, January 29th. Barclays upped their price target on shares of Mattel from $15.00 to $16.00 and gave the company an “equal weight” rating in a report on Monday, February 5th. Finally, Citigroup upped their price target on shares of Mattel from $19.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, February 6th. Thirteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $19.00.

The firm has a market capitalization of $5,936.21, a P/E ratio of -5.82, a P/E/G ratio of 14.42 and a beta of 1.01. The company has a debt-to-equity ratio of 2.28, a quick ratio of 1.55 and a current ratio of 1.92.

Mattel (NASDAQ:MAT) last issued its earnings results on Thursday, February 1st. The company reported ($0.72) earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.93). The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.69 billion. Mattel had a negative net margin of 21.59% and a negative return on equity of 21.37%. Mattel’s revenue for the quarter was down 12.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.52 EPS. equities research analysts predict that Mattel, Inc. will post 0.13 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the stock. Parnassus Investments CA increased its holdings in Mattel by 33.2% in the fourth quarter. Parnassus Investments CA now owns 21,391,928 shares of the company’s stock worth $329,008,000 after buying an additional 5,327,564 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Mattel by 20.6% in the third quarter. Bank of New York Mellon Corp now owns 13,201,338 shares of the company’s stock worth $204,357,000 after buying an additional 2,253,399 shares during the last quarter. Alps Advisors Inc. increased its holdings in Mattel by 41.3% in the third quarter. Alps Advisors Inc. now owns 2,972,551 shares of the company’s stock worth $46,015,000 after buying an additional 868,577 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in Mattel by 30.2% during the third quarter. Schwab Charles Investment Management Inc. now owns 2,290,591 shares of the company’s stock valued at $35,459,000 after purchasing an additional 531,227 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in Mattel by 144.8% during the fourth quarter. Sei Investments Co. now owns 2,142,172 shares of the company’s stock valued at $32,946,000 after purchasing an additional 1,266,982 shares during the last quarter. Hedge funds and other institutional investors own 93.86% of the company’s stock.

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About Mattel

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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