Mattel, Inc. (NASDAQ:MAT) has been given a $13.00 price objective by Jefferies Group LLC in a report issued on Sunday. The brokerage currently has a “hold” rating on the stock. Jefferies Group LLC’s target price indicates a potential downside of 16.56% from the company’s previous close.
A number of other equities research analysts have also issued reports on MAT. TheStreet lowered Mattel from a “c” rating to a “d” rating in a research report on Thursday, October 26th. UBS AG set a $22.00 price objective on Mattel and gave the company a “buy” rating in a report on Friday. Stifel Nicolaus reiterated a “hold” rating on shares of Mattel in a report on Thursday, August 3rd. ValuEngine downgraded Mattel from a “hold” rating to a “sell” rating in a report on Friday. Finally, SunTrust Banks, Inc. reiterated a “hold” rating and issued a $17.00 price objective (down previously from $22.00) on shares of Mattel in a report on Tuesday, October 10th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $21.54.
Shares of Mattel (NASDAQ MAT) opened at 15.58 on Friday. The company has a 50-day moving average price of $15.41 and a 200-day moving average price of $19.19. The company has a market capitalization of $5.34 billion, a P/E ratio of 22.35 and a beta of 0.86. Mattel has a 12 month low of $12.71 and a 12 month high of $32.48.
Mattel (NASDAQ:MAT) last posted its earnings results on Thursday, October 26th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period in the previous year, the company posted $0.70 EPS. Mattel’s revenue was down 13.1% on a year-over-year basis. On average, analysts forecast that Mattel will post $0.47 EPS for the current fiscal year.
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A number of large investors have recently added to or reduced their stakes in MAT. Highlander Capital Management LLC purchased a new position in Mattel during the 2nd quarter worth approximately $105,000. Penserra Capital Management LLC grew its stake in shares of Mattel by 26.6% in 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 stake in shares of Mattel by 54.7% in 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. ETF Managers Group LLC purchased a new position in shares of Mattel in the 2nd quarter valued at approximately $195,000. Finally, Nations Financial Group Inc. IA ADV grew its stake in shares of Mattel by 11.4% in the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 9,764 shares of the company’s stock valued at $210,000 after purchasing an additional 1,003 shares during the last quarter. Hedge funds and other institutional investors own 93.56% of the company’s stock.
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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