Mattel (NASDAQ:MAT) Downgraded by BidaskClub

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BidaskClub cut shares of Mattel (NASDAQ:MAT) from a buy rating to a hold rating in a report published on Thursday, BidAskClub reports.

Other research analysts have also recently issued reports about the company. DZ Bank cut Mattel from a hold rating to a sell rating and set a $46.00 price target for the company. in a research note on Tuesday, October 29th. JPMorgan Chase & Co. reiterated a buy rating and issued a $18.00 price target on shares of Mattel in a research note on Friday, February 14th. TheStreet upgraded Mattel from a d+ rating to a c- rating in a research note on Monday, February 10th. Stifel Nicolaus increased their price target on Mattel from $13.00 to $14.00 and gave the company a hold rating in a research note on Tuesday, January 14th. Finally, ValuEngine upgraded Mattel from a sell rating to a hold rating in a research note on Thursday, January 9th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $17.45.

NASDAQ MAT opened at $12.94 on Thursday. The business has a fifty day moving average price of $14.13 and a two-hundred day moving average price of $12.17. The company has a debt-to-equity ratio of 5.79, a current ratio of 1.76 and a quick ratio of 1.37. Mattel has a fifty-two week low of $9.06 and a fifty-two week high of $15.19. The stock has a market capitalization of $4.49 billion, a PE ratio of -20.22, a PEG ratio of 21.57 and a beta of 1.65.

Mattel (NASDAQ:MAT) last released its earnings results on Thursday, February 13th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.12. Mattel had a negative return on equity of 23.30% and a negative net margin of 4.90%. The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.49 billion. As a group, sell-side analysts expect that Mattel will post 0.06 earnings per share for the current year.

Several institutional investors and hedge funds have recently modified their holdings of MAT. BlackRock Inc. increased its position in shares of Mattel by 34.9% during the second quarter. BlackRock Inc. now owns 37,850,491 shares of the company’s stock valued at $424,305,000 after buying an additional 9,786,835 shares during the period. Nisa Investment Advisors LLC grew its holdings in Mattel by 4.9% in the third quarter. Nisa Investment Advisors LLC now owns 40,400 shares of the company’s stock worth $460,000 after purchasing an additional 1,878 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Mattel by 9.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,446 shares of the company’s stock worth $244,000 after purchasing an additional 1,776 shares during the period. Moors & Cabot Inc. grew its holdings in Mattel by 12.8% in the third quarter. Moors & Cabot Inc. now owns 32,980 shares of the company’s stock worth $377,000 after purchasing an additional 3,750 shares during the period. Finally, World Asset Management Inc grew its holdings in Mattel by 7.1% in the third quarter. World Asset Management Inc now owns 32,260 shares of the company’s stock worth $367,000 after purchasing an additional 2,150 shares during the period.

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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