Mattel (NASDAQ:MAT) Upgraded by ValuEngine to Hold

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.

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

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Mattel (NASDAQ:MAT)

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