Roth Mkm Reaffirms Neutral Rating for Mattel (NASDAQ:MAT)

Roth Mkm reaffirmed their neutral rating on shares of Mattel (NASDAQ:MAT) in a research note released on Wednesday, Benzinga reports. Roth Mkm currently has a $21.00 price objective on the stock.

Several other equities analysts have also recently weighed in on MAT. Roth Capital cut Mattel from a buy rating to a neutral rating in a research report on Thursday, January 4th. Stifel Nicolaus reduced their price target on Mattel from $26.00 to $23.00 and set a buy rating for the company in a research report on Wednesday, January 24th. TheStreet cut Mattel from a b- rating to a c+ rating in a research report on Wednesday, January 24th. JPMorgan Chase & Co. cut Mattel from an overweight rating to a neutral rating and reduced their target price for the stock from $24.00 to $19.00 in a research report on Monday, February 5th. Finally, DA Davidson boosted their target price on Mattel from $26.00 to $27.00 and gave the stock a buy rating in a research report on Wednesday. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of $22.78.

Mattel Stock Performance

Shares of Mattel stock opened at $18.36 on Wednesday. The company has a current ratio of 2.49, a quick ratio of 1.90 and a debt-to-equity ratio of 1.15. The business’s fifty day simple moving average is $19.29 and its 200 day simple moving average is $19.07. Mattel has a 12 month low of $16.20 and a 12 month high of $22.64. The firm has a market capitalization of $6.32 billion, a P/E ratio of 22.12, a price-to-earnings-growth ratio of 1.18 and a beta of 0.95.

Mattel (NASDAQ:MAT) last released its earnings results on Tuesday, April 23rd. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.07. Mattel had a return on equity of 24.32% and a net margin of 5.38%. The business had revenue of $809.50 million during the quarter, compared to the consensus estimate of $833.52 million. During the same period last year, the business posted ($0.24) earnings per share. The business’s revenue for the quarter was down .6% on a year-over-year basis. As a group, analysts anticipate that Mattel will post 1.4 EPS for the current year.

Institutional Investors Weigh In On Mattel

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Jericho Capital Asset Management L.P. purchased a new position in Mattel during the 3rd quarter valued at about $76,819,000. Stifel Financial Corp increased its holdings in Mattel by 161.8% during the 3rd quarter. Stifel Financial Corp now owns 146,494 shares of the company’s stock valued at $3,227,000 after purchasing an additional 90,539 shares during the period. Seven Eight Capital LP increased its holdings in Mattel by 548.8% during the 3rd quarter. Seven Eight Capital LP now owns 75,114 shares of the company’s stock valued at $1,655,000 after purchasing an additional 63,536 shares during the period. Trexquant Investment LP increased its holdings in Mattel by 256.4% during the 3rd quarter. Trexquant Investment LP now owns 287,342 shares of the company’s stock valued at $6,330,000 after purchasing an additional 206,729 shares during the period. Finally, Xponance Inc. increased its holdings in Mattel by 6.1% during the 3rd quarter. Xponance Inc. now owns 45,618 shares of the company’s stock valued at $1,005,000 after purchasing an additional 2,629 shares during the period. Institutional investors own 97.15% of the company’s stock.

Mattel Company Profile

Mattel, Inc, a toy and family entertainment company, designs, manufactures, and markets toys and consumer products in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, as well as books, content, gaming, and lifestyle products for children under the Barbie, American Girl, Disney Princess and Disney Frozen, Monster High, and Polly Pocket brands; die-cast vehicles, tracks, playsets, and accessories for kids, adults, and collectors under the Hot Wheels, Hot Wheels Monster Trucks, Hot Wheels Mario Kart, Matchbox, and Cars brand names; and infant, toddler, and preschool products comprising content, toys, live events, and other consumer products under the Fisher-Price, Little People and Imaginext, and Thomas & Friends, and Power wheels brands.