Mattel, Inc. (NASDAQ:MAT)‘s stock had its “equal weight” rating reaffirmed by equities researchers at Barclays PLC in a note issued to investors on Sunday, April 23rd. They presently have a $25.00 price objective on the stock, down from their previous price objective of $30.00. Barclays PLC’s price target points to a potential upside of 14.21% from the company’s previous close.
A number of other analysts have also weighed in on MAT. B. Riley reaffirmed a “buy” rating and issued a $35.00 price target on shares of Mattel in a research note on Tuesday, January 31st. MKM Partners reaffirmed a “neutral” rating and issued a $27.00 price target (down from $36.00) on shares of Mattel in a research note on Thursday, January 26th. Jefferies Group LLC reduced their price target on shares of Mattel to $32.00 in a research note on Thursday, January 26th. Monness Crespi & Hardt reduced their price target on shares of Mattel from $37.00 to $34.00 and set a “buy” rating for the company in a research note on Thursday, January 26th. Finally, Goldman Sachs Group Inc began coverage on shares of Mattel in a research note on Monday, February 13th. They issued a “neutral” rating and a $27.00 price target for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Mattel has a consensus rating of “Buy” and an average target price of $30.88.
Mattel (NASDAQ:MAT) opened at 21.89 on Friday. Mattel has a 1-year low of $21.55 and a 1-year high of $34.24. The firm has a 50-day moving average of $23.34 and a 200 day moving average of $26.84. The firm has a market cap of $7.50 billion, a P/E ratio of 27.47 and a beta of 0.90. Mattel also saw unusually large options trading activity on Monday. Stock investors acquired 4,911 put options on the company. This is an increase of 486% compared to the average daily volume of 838 put options.
Mattel (NASDAQ:MAT) last issued its quarterly earnings results on Thursday, April 20th. The company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by $0.15. The company had revenue of $735.60 million during the quarter, compared to analyst estimates of $797.60 million. Mattel had a return on equity of 15.52% and a net margin of 5.83%. The company’s revenue was down 15.4% on a year-over-year basis. During the same period in the prior year, the company posted ($0.14) earnings per share. On average, analysts predict that Mattel will post $1.20 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 9th. Stockholders of record on Friday, May 19th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Wednesday, May 17th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 6.94%. Mattel’s dividend payout ratio is currently 167.03%.
In other news, Director Dean A. Scarborough purchased 47,000 shares of the business’s stock in a transaction dated Monday, April 24th. The shares were acquired at an average price of $21.95 per share, for a total transaction of $1,031,650.00. Following the completion of the acquisition, the director now directly owns 77,573 shares of the company’s stock, valued at $1,702,727.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.88% of the stock is owned by insiders.
Large investors have recently added to or reduced their stakes in the stock. Moody National Bank Trust Division raised its stake in Mattel by 0.3% in the first quarter. Moody National Bank Trust Division now owns 20,672 shares of the company’s stock worth $529,000 after buying an additional 57 shares in the last quarter. Bollard Group LLC raised its stake in Mattel by 1.5% in the first quarter. Bollard Group LLC now owns 4,200 shares of the company’s stock worth $108,000 after buying an additional 62 shares in the last quarter. Cleararc Capital Inc. raised its stake in Mattel by 0.8% in the first quarter. Cleararc Capital Inc. now owns 8,394 shares of the company’s stock worth $215,000 after buying an additional 69 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its stake in Mattel by 0.5% in the third quarter. Municipal Employees Retirement System of Michigan now owns 17,810 shares of the company’s stock worth $539,000 after buying an additional 90 shares in the last quarter. Finally, Ffcm LLC raised its stake in Mattel by 0.9% in the first quarter. Ffcm LLC now owns 13,168 shares of the company’s stock worth $338,000 after buying an additional 116 shares in the last quarter. Institutional investors and hedge funds own 95.98% 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.
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