Mattel Inc (NASDAQ:MAT) has received an average rating of “Hold” from the sixteen ratings firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $13.55.

MAT has been the topic of a number of research analyst reports. UBS Group reduced their price objective on shares of Mattel from $13.00 to $10.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. Stifel Nicolaus reduced their target price on shares of Mattel from $14.00 to $13.50 and set a “hold” rating on the stock in a research report on Tuesday, October 1st. SunTrust Banks reduced their target price on shares of Mattel to $12.00 and set a “hold” rating on the stock in a research report on Wednesday, September 11th. BidaskClub raised shares of Mattel from a “sell” rating to a “hold” rating in a research report on Wednesday, October 9th. Finally, DA Davidson reaffirmed a “neutral” rating on shares of Mattel in a research report on Tuesday, July 30th.

Mattel stock traded down $0.13 during mid-day trading on Tuesday, reaching $11.40. 1,729,151 shares of the company traded hands, compared to its average volume of 6,235,316. The company has a debt-to-equity ratio of 6.78, a current ratio of 1.78 and a quick ratio of 1.11. The firm’s 50 day moving average price is $10.76 and its 200 day moving average price is $11.57. The firm has a market capitalization of $3.98 billion, a price-to-earnings ratio of -10.00 and a beta of 1.68. Mattel has a 52-week low of $9.06 and a 52-week high of $17.26.

Mattel (NASDAQ:MAT) last issued its quarterly earnings data on Thursday, July 25th. The company reported ($0.25) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.35) by $0.10. The business had revenue of $860.10 million for the quarter, compared to the consensus estimate of $822.24 million. Mattel had a negative net margin of 6.00% and a negative return on equity of 28.70%. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.56) EPS. On average, sell-side analysts anticipate that Mattel will post -0.57 EPS for the current year.

Large investors have recently added to or reduced their stakes in the company. Bessemer Group Inc. boosted its stake in Mattel by 361.4% in the 2nd quarter. Bessemer Group Inc. now owns 2,353 shares of the company’s stock worth $27,000 after purchasing an additional 1,843 shares in the last quarter. Parallax Volatility Advisers L.P. boosted its stake in Mattel by 104.3% in the 2nd quarter. Parallax Volatility Advisers L.P. now owns 2,644 shares of the company’s stock worth $30,000 after purchasing an additional 63,534 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new position in Mattel in the 2nd quarter worth about $49,000. AdvisorNet Financial Inc bought a new position in Mattel in the 2nd quarter worth about $50,000. Finally, Machina Capital S.A.S. bought a new position in Mattel in the 2nd quarter worth about $68,000.

About Mattel

Mattel, Inc, a children's entertainment company, designs and produces toys and consumer products worldwide. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, content, gaming, and lifestyle products for children under the Barbie brand; diecast cars, tracks, playsets, and play products for kids, adults, and collectors under the Hot Wheels brand name; content, toy, live events, and other lifestyle products under the Fisher-Price and Thomas & Friends brands; and dolls and books under the American Girl brand name.

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Analyst Recommendations for Mattel (NASDAQ:MAT)

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