Mattel, Inc. (NASDAQ:MAT) had its target price raised by stock analysts at BMO Capital Markets from $23.00 to $25.00 in a research report issued on Monday. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective indicates a potential upside of 78.57% from the stock’s previous close.
A number of other brokerages have also recently commented on MAT. Stifel Nicolaus restated a “hold” rating on shares of Mattel in a research note on Thursday, August 3rd. Jefferies Group LLC set a $13.00 price target on shares of Mattel and gave the company a “hold” rating in a research note on Sunday. Monness Crespi & Hardt upped their price target on shares of Mattel from $22.00 to $27.00 and gave the company a “buy” rating in a research note on Wednesday, October 11th. BidaskClub upgraded shares of Mattel from a “strong sell” rating to a “sell” rating in a research note on Thursday, September 14th. Finally, KeyCorp restated a “hold” rating on shares of Mattel in a research note on Sunday. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $21.54.
Mattel (NASDAQ MAT) traded up 10.250% on Monday, reaching $15.435. 26,878,734 shares of the company’s stock traded hands. Mattel has a 52-week low of $12.71 and a 52-week high of $32.48. The stock has a market cap of $5.29 billion, a price-to-earnings ratio of 22.145 and a beta of 0.86. The company’s 50 day moving average is $15.40 and its 200-day moving average is $19.35.
Mattel (NASDAQ:MAT) last announced its quarterly earnings results on Thursday, October 26th. The company reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.49). The business had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.82 billion. Mattel had a negative net margin of 11.73% and a positive return on equity of 2.51%. The business’s quarterly revenue was down 13.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.70 earnings per share. Equities analysts expect that Mattel will post $0.47 EPS for the current year.
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In related news, CEO Mary Margaret Hasti Georgiadis purchased 12,660 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were purchased at an average price of $19.61 per share, with a total value of $248,262.60. Following the acquisition, the chief executive officer now directly owns 116,788 shares of the company’s stock, valued at $2,290,212.68. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.40% of the stock is owned by corporate insiders.
Large investors have recently modified their holdings of the company. IHT Wealth Management LLC increased its holdings in shares of Mattel by 5,624.1% in the 2nd quarter. IHT Wealth Management LLC now owns 1,660 shares of the company’s stock worth $302,000 after buying an additional 1,631 shares during the last quarter. Highlander Capital Management LLC bought a new position in shares of Mattel during the 2nd quarter valued at $105,000. Penserra Capital Management LLC grew its holdings in shares of 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 purchasing an additional 1,287 shares during the last quarter. Delta Asset Management LLC TN grew its holdings in shares of 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 purchasing an additional 2,175 shares during the last quarter. Finally, ETF Managers Group LLC bought a new position in shares of Mattel during the 2nd quarter valued at $195,000. 93.56% of the stock is currently owned by hedge funds and other institutional investors.
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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