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

Roth Mkm restated their neutral rating on shares of Mattel (NASDAQ:MAT) in a research report sent to investors on Wednesday, Benzinga reports. Roth Mkm currently has a $21.00 target price on the stock.

Other equities analysts have also recently issued research reports about the company. Jefferies Financial Group lifted their price objective on Mattel from $19.00 to $20.00 and gave the company a hold rating in a report on Friday, March 15th. TheStreet cut Mattel from a b- rating to a c+ rating in a report on Wednesday, January 24th. Roth Capital cut Mattel from a buy rating to a neutral rating in a research note on Thursday, January 4th. JPMorgan Chase & Co. cut Mattel from an overweight rating to a neutral rating and cut their target price for the company from $24.00 to $19.00 in a research note on Monday, February 5th. Finally, StockNews.com upgraded Mattel from a hold rating to a buy rating in a research note on Monday, February 26th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of $22.78.

Mattel Stock Down 0.6 %

Shares of MAT stock opened at $18.36 on Wednesday. The stock has a market cap 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 has a one year low of $16.20 and a one year high of $22.64. The stock has a fifty day moving average price of $19.29 and a 200 day moving average price of $19.07. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.49 and a quick ratio of 1.90.

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Mesirow Financial Investment Management Inc. acquired a new position in shares of Mattel during the 1st quarter worth approximately $406,000. Krilogy Financial LLC increased its holdings in shares of Mattel by 31.1% during the 1st quarter. Krilogy Financial LLC now owns 55,656 shares of the company’s stock worth $1,103,000 after acquiring an additional 13,214 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings in shares of Mattel by 2.5% during the 1st quarter. Louisiana State Employees Retirement System now owns 101,700 shares of the company’s stock worth $2,015,000 after acquiring an additional 2,500 shares during the last quarter. State of Michigan Retirement System increased its holdings in shares of Mattel by 2.4% during the 1st quarter. State of Michigan Retirement System now owns 86,733 shares of the company’s stock worth $1,718,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Thompson Investment Management Inc. increased its holdings in shares of Mattel by 8.8% during the 1st quarter. Thompson Investment Management Inc. now owns 14,780 shares of the company’s stock worth $293,000 after acquiring an additional 1,200 shares during the last quarter. Institutional investors and hedge funds own 97.15% of the company’s stock.

About Mattel

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.