Mattel, Inc. (MAT) Cut to “Strong Sell” at BidaskClub

BidaskClub downgraded shares of Mattel, Inc. (NASDAQ:MAT) from a sell rating to a strong sell rating in a report issued on Saturday, November 4th.

Several other brokerages have also recently weighed in on MAT. UBS Group AG set a $26.00 price target on Mattel and gave the company a buy rating in a research report on Friday, July 28th. Jefferies Group LLC reiterated a hold rating and set a $17.00 price target (down from $19.00) on shares of Mattel in a research report on Friday, July 28th. BMO Capital Markets reissued an outperform rating and set a $25.00 price objective (down previously from $30.00) on shares of Mattel in a report on Friday, July 28th. DA Davidson lowered Mattel from a neutral rating to an underperform rating and cut their price objective for the stock from $22.00 to $18.00 in a report on Thursday, August 3rd. Finally, Stifel Nicolaus reissued a hold rating on shares of Mattel in a report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $21.46.

Mattel (NASDAQ MAT) traded up $0.28 on Friday, reaching $18.81. 8,135,400 shares of the company’s stock were exchanged, compared to its average volume of 7,983,045. The stock has a market cap of $6,369.31, a P/E ratio of 123.53, a price-to-earnings-growth ratio of 47.65 and a beta of 0.88. Mattel has a 1 year low of $12.71 and a 1 year high of $32.43. The company has a quick ratio of 0.89, a current ratio of 1.32 and a debt-to-equity ratio of 1.31.

Mattel (NASDAQ:MAT) last announced its quarterly earnings data on Thursday, October 26th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.49). Mattel had a negative net margin of 11.73% and a positive return on equity of 2.51%. The firm had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the prior year, the firm posted $0.70 earnings per share. The company’s revenue was down 13.1% on a year-over-year basis. sell-side analysts forecast that Mattel will post 0.04 EPS for the current fiscal year.

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Institutional investors have recently made changes to their positions in the stock. IHT Wealth Management LLC raised its holdings in shares of Mattel by 5,624.1% during the second quarter. IHT Wealth Management LLC now owns 1,660 shares of the company’s stock valued at $302,000 after acquiring an additional 1,631 shares in the last quarter. Highlander Capital Management LLC bought a new position in shares of Mattel during the second quarter valued at approximately $105,000. Penserra Capital Management LLC raised its holdings in shares of Mattel by 26.6% during the second quarter. Penserra Capital Management LLC now owns 6,117 shares of the company’s stock valued at $131,000 after acquiring an additional 1,287 shares in the last quarter. Delta Asset Management LLC TN raised its holdings in shares of Mattel by 54.7% during the second quarter. Delta Asset Management LLC TN now owns 6,150 shares of the company’s stock valued at $133,000 after acquiring an additional 2,175 shares in the last quarter. Finally, ETF Managers Group LLC bought a new position in shares of Mattel during the second quarter valued at approximately $195,000. Institutional investors own 94.74% of the company’s stock.

About Mattel

Mattel, Inc manufactures and markets a range of toy products around the world. The Company’s segments are North America; International, and American Girl. Its portfolio of brands and products are grouped into approximately four major brand categories, including Mattel Girls & Boys Brands, Fisher-Price Brands, American Girl Brands and Construction and Arts & Crafts Brands.

Analyst Recommendations for Mattel (NASDAQ:MAT)

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