Mattel (NASDAQ:MAT) Stock Rating Lowered by StockNews.com

Mattel (NASDAQ:MAT) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a report issued on Tuesday.

A number of other equities analysts also recently issued reports on the stock. Morgan Stanley raised their price objective on shares of Mattel from $22.00 to $23.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 5th. Jefferies Financial Group upgraded shares of Mattel from a “hold” rating to a “buy” rating and raised their target price for the stock from $20.00 to $28.00 in a research note on Wednesday, February 5th. Finally, DA Davidson raised their target price on shares of Mattel from $27.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Mattel currently has a consensus rating of “Moderate Buy” and an average target price of $25.57.

Mattel Stock Performance

Shares of MAT traded down $0.57 on Tuesday, reaching $20.45. The company’s stock had a trading volume of 3,993,990 shares, compared to its average volume of 3,194,918. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.38 and a quick ratio of 2.00. The stock has a market capitalization of $6.81 billion, a P/E ratio of 12.78, a PEG ratio of 2.35 and a beta of 0.76. The stock’s 50 day simple moving average is $19.43 and its two-hundred day simple moving average is $19.15. Mattel has a 12-month low of $15.87 and a 12-month high of $22.07.

Mattel (NASDAQ:MAT) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.15. Mattel had a net margin of 10.07% and a return on equity of 25.94%. During the same period in the prior year, the business earned $0.29 EPS. Research analysts forecast that Mattel will post 1.7 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Mattel

Institutional investors and hedge funds have recently modified their holdings of the stock. Citigroup Inc. raised its position in shares of Mattel by 449.9% during the third quarter. Citigroup Inc. now owns 291,983 shares of the company’s stock valued at $5,562,000 after buying an additional 238,884 shares during the last quarter. FORA Capital LLC bought a new stake in shares of Mattel during the third quarter valued at approximately $1,003,000. Charles Schwab Investment Management Inc. raised its position in shares of Mattel by 2.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,263,611 shares of the company’s stock valued at $81,222,000 after buying an additional 114,305 shares during the last quarter. Thrivent Financial for Lutherans raised its position in shares of Mattel by 101.0% during the third quarter. Thrivent Financial for Lutherans now owns 168,410 shares of the company’s stock valued at $3,208,000 after buying an additional 84,626 shares during the last quarter. Finally, Hantz Financial Services Inc. raised its position in shares of Mattel by 53.2% during the third quarter. Hantz Financial Services Inc. now owns 172,337 shares of the company’s stock valued at $3,283,000 after buying an additional 59,845 shares during the last quarter. 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.