Mattel (NASDAQ:MAT) had its price objective trimmed by Barclays from $11.00 to $10.00 in a report released on Wednesday morning. The brokerage currently has an underweight rating on the stock.

A number of other brokerages also recently weighed in on MAT. ValuEngine downgraded shares of Mattel from a hold rating to a sell rating in a research note on Thursday, July 26th. UBS Group set a $15.00 target price on shares of Mattel and gave the company a hold rating in a research note on Thursday, November 1st. Zacks Investment Research reaffirmed a hold rating on shares of Mattel in a research note on Tuesday. DA Davidson raised shares of Mattel from an underperform rating to a neutral rating and raised their target price for the company from $12.00 to $14.00 in a research note on Friday, July 27th. Finally, Consumer Edge started coverage on shares of Mattel in a research note on Monday, August 13th. They issued an equal weight rating on the stock. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $14.56.

NASDAQ MAT traded up $0.39 during trading on Wednesday, hitting $13.65. 4,321,496 shares of the company’s stock traded hands, compared to its average volume of 4,737,422. The company has a market cap of $4.67 billion, a PE ratio of -12.64 and a beta of 1.10. Mattel has a 12-month low of $12.21 and a 12-month high of $19.21. The company has a quick ratio of 1.21, a current ratio of 1.70 and a debt-to-equity ratio of 4.28.

Mattel (NASDAQ:MAT) last announced its quarterly earnings results on Thursday, October 25th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). Mattel had a negative return on equity of 65.25% and a negative net margin of 17.99%. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.51 billion. As a group, equities research analysts anticipate that Mattel will post -1.02 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the business. Janus Henderson Group PLC grew its position in Mattel by 49.2% during the second quarter. Janus Henderson Group PLC now owns 127,062 shares of the company’s stock valued at $2,087,000 after acquiring an additional 41,893 shares during the last quarter. Meadow Creek Investment Management LLC grew its position in Mattel by 95.4% during the second quarter. Meadow Creek Investment Management LLC now owns 74,324 shares of the company’s stock valued at $1,220,000 after acquiring an additional 36,278 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in Mattel by 12.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 2,112,939 shares of the company’s stock valued at $34,695,000 after acquiring an additional 226,022 shares during the last quarter. CIBC Asset Management Inc grew its position in Mattel by 10.0% during the second quarter. CIBC Asset Management Inc now owns 44,600 shares of the company’s stock valued at $732,000 after acquiring an additional 4,063 shares during the last quarter. Finally, Andra AP fonden grew its position in Mattel by 13.3% during the second quarter. Andra AP fonden now owns 281,400 shares of the company’s stock valued at $4,621,000 after acquiring an additional 33,100 shares during the last quarter.

Mattel Company Profile

Mattel, Inc designs, manufactures, and markets a range of toy products worldwide. The company operates in three segments: North America, International, and American Girl. It offers Mattel Girls & Boys branded products, including Barbie dolls and accessories, Monster High, DC Super Hero Girls, Enchantimals, Polly Pocket, Hot Wheels and Matchbox vehicles and play sets, CARS, DC Comics, WWE Wrestling, Minecraft, Toy Story, and games and puzzles.

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Analyst Recommendations for Mattel (NASDAQ:MAT)

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