ValuEngine upgraded shares of Mattel, Inc. (NASDAQ:MAT) from a sell rating to a hold rating in a research note issued to investors on Tuesday.
Other analysts also recently issued reports about the company. Stifel Nicolaus dropped their price objective on Mattel from $19.00 to $17.00 and set a hold rating for the company in a research report on Thursday, October 12th. UBS AG restated a buy rating and set a $23.00 price objective on shares of Mattel in a research report on Saturday, September 16th. Jefferies Group LLC restated a hold rating and set a $17.00 price objective (down from $19.00) on shares of Mattel in a research report on Friday, July 28th. BidaskClub downgraded Mattel from a hold rating to a sell rating in a research report on Saturday, August 5th. Finally, DA Davidson downgraded Mattel from a neutral rating to an underperform rating and dropped their price objective for the stock from $22.00 to $18.00 in a research report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $21.46.
Shares of Mattel (NASDAQ:MAT) opened at $18.68 on Tuesday. 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 1-year low of $12.71 and a 1-year high of $32.43. The stock has a market capitalization of $6,260.00, a price-to-earnings ratio of 123.60, a PEG ratio of 47.67 and a beta of 0.88.
Mattel (NASDAQ:MAT) last announced its quarterly earnings data on Thursday, October 26th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.49). Mattel had a positive return on equity of 2.51% and a negative net margin of 11.73%. The business had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the prior year, the company earned $0.70 earnings per share. Mattel’s quarterly revenue was down 13.1% compared to the same quarter last year. research analysts anticipate that Mattel will post 0.04 earnings per share for the current year.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Intact Investment Management Inc. grew its stake in Mattel by 14.0% during the second quarter. Intact Investment Management Inc. now owns 93,100 shares of the company’s stock worth $2,004,000 after purchasing an additional 11,400 shares during the period. Thrivent Financial For Lutherans grew its stake in Mattel by 3.2% during the second quarter. Thrivent Financial For Lutherans now owns 13,050 shares of the company’s stock worth $281,000 after purchasing an additional 410 shares during the period. Aberdeen Asset Management PLC UK grew its stake in Mattel by 43.8% during the second quarter. Aberdeen Asset Management PLC UK now owns 147,083 shares of the company’s stock worth $3,167,000 after purchasing an additional 44,802 shares during the period. State of Wisconsin Investment Board grew its stake in Mattel by 31.1% during the second quarter. State of Wisconsin Investment Board now owns 298,972 shares of the company’s stock worth $6,437,000 after purchasing an additional 70,840 shares during the period. Finally, Greenwood Capital Associates LLC acquired a new stake in Mattel during the second quarter worth approximately $287,000. 95.89% of the stock is owned by institutional investors and hedge funds.
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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