Mattel, Inc. (NASDAQ:MAT) Rating Increased to Neutral at DA Davidson

DA Davidson upgraded shares of Mattel, Inc. (NASDAQ:MAT) from an underperform rating to a neutral rating in a research report report published on Friday, November 3rd, MarketBeat reports. The brokerage currently has $12.00 target price on the stock.

Other equities analysts also recently issued reports about the company. Jefferies Group LLC restated a hold rating and issued a $17.00 target price (down from $19.00) on shares of Mattel in a research note on Friday, July 28th. UBS AG set a $26.00 price target on Mattel and gave the company a buy rating in a report on Friday, July 28th. BMO Capital Markets reissued an outperform rating and set a $25.00 target price (down from $30.00) on shares of Mattel in a research note on Friday, July 28th. Stifel Nicolaus restated a hold rating on shares of Mattel in a report on Thursday, August 3rd. Finally, BidaskClub cut shares of Mattel from a hold rating to a sell rating in a report on Saturday, August 5th. One equities 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 assigned a strong buy rating to the stock. Mattel has an average rating of Hold and a consensus price target of $21.46.

Mattel (MAT) traded up $0.28 on Friday, reaching $18.81. The company’s stock had a trading volume of 8,135,402 shares, compared to its average volume of 7,983,043. The stock has a market cap of $6,470.00, a P/E ratio of 124.87, a PEG ratio of 48.16 and a beta of 0.88. Mattel has a 12-month low of $12.71 and a 12-month high of $32.43. 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 (NASDAQ:MAT) last released 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 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 analysts’ expectations of $1.82 billion. During the same period in the previous year, the business earned $0.70 earnings per share. The business’s revenue for the quarter was down 13.1% on a year-over-year basis. analysts predict that Mattel will post 0.04 earnings per share for the current fiscal year.

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A number of institutional investors have recently modified their holdings of MAT. Thrivent Financial For Lutherans raised its stake in Mattel by 5.8% in the 1st quarter. Thrivent Financial For Lutherans now owns 12,640 shares of the company’s stock worth $324,000 after purchasing an additional 690 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Mattel by 0.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,345,746 shares of the company’s stock worth $34,463,000 after acquiring an additional 11,301 shares during the last quarter. Bank of Nova Scotia grew its holdings in Mattel by 930.8% during the 1st quarter. Bank of Nova Scotia now owns 78,515 shares of the company’s stock worth $2,011,000 after acquiring an additional 70,898 shares during the last quarter. Nuveen Asset Management LLC grew its holdings in Mattel by 15.5% during the 1st quarter. Nuveen Asset Management LLC now owns 479,910 shares of the company’s stock worth $12,290,000 after acquiring an additional 64,425 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its holdings in Mattel by 3.8% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 68,957 shares of the company’s stock worth $1,766,000 after acquiring an additional 2,519 shares during the last quarter. Institutional investors and hedge funds own 94.74% of the company’s stock.

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.

Analyst Recommendations for Mattel (NASDAQ:MAT)

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