ValuEngine upgraded shares of Mattel (NASDAQ:MAT) from a sell rating to a hold rating in a report released on Tuesday, November 14th.
A number of other research firms also recently commented on MAT. Stifel Nicolaus reiterated a hold rating on shares of Mattel in a report on Thursday, August 3rd. SunTrust Banks restated a hold rating and issued a $17.00 price target (down from $22.00) on shares of Mattel in a report on Tuesday, October 10th. BidaskClub cut Mattel from a hold rating to a sell rating in a research report on Saturday, August 5th. DA Davidson reduced their price target on Mattel from $14.00 to $13.00 and set an underperform rating for the company in a research report on Friday, September 22nd. Finally, Jefferies Group set a $13.00 target price on Mattel and gave the stock a hold rating in a research note on Sunday, October 29th. One analyst has rated the stock with a sell rating, nine have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $21.79.
Shares of Mattel (MAT) traded down $0.99 during midday trading on Tuesday, reaching $17.26. The company’s stock had a trading volume of 9,680,000 shares, compared to its average volume of 11,618,164. The company has a market cap of $5,932.76, a P/E ratio of 115.07, a P/E/G ratio of 44.38 and a beta of 0.99. The company has a current ratio of 1.32, a quick ratio of 0.89 and a debt-to-equity ratio of 1.31. Mattel has a 52 week low of $12.71 and a 52 week high of $31.60.
Hedge funds have recently bought and sold shares of the company. Highlander Capital Management LLC bought a new stake in Mattel during the 2nd quarter worth approximately $105,000. Penserra Capital Management LLC raised its holdings in Mattel by 26.6% during the 2nd 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 during the period. Delta Asset Management LLC TN raised its holdings in Mattel by 54.7% during the 2nd 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 during the period. Zeke Capital Advisors LLC bought a new stake in Mattel during the 3rd quarter valued at $163,000. Finally, Hartland & Co. LLC bought a new stake in Mattel during the 3rd quarter valued at $165,000. 93.85% of the stock is owned by hedge funds and other institutional investors.
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Mattel Company Profile
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.
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