Mattel (MAT) PT Set at $17.00 by Jefferies Group

Mattel (NASDAQ:MAT) has been given a $17.00 price target by investment analysts at Jefferies Group in a report issued on Saturday. The brokerage currently has a “hold” rating on the stock. Jefferies Group’s price objective would indicate a potential downside of 1.51% from the stock’s previous close.

Several other equities research analysts have also commented on the company. Monness Crespi & Hardt boosted their price objective on Mattel from $22.00 to $27.00 and gave the stock a “buy” rating in a research note on Wednesday, October 11th. TheStreet lowered Mattel from a “c” rating to a “d” rating in a research note on Thursday, October 26th. BMO Capital Markets boosted their price objective on Mattel from $23.00 to $25.00 and gave the stock an “outperform” rating in a research note on Monday, October 30th. BidaskClub lowered Mattel from a “sell” rating to a “strong sell” rating in a research note on Saturday, November 4th. Finally, Stifel Nicolaus cut their price objective on Mattel from $17.00 to $14.00 and set a “hold” rating for the company in a research note on Monday, October 30th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $21.79.

Mattel (NASDAQ MAT) opened at $17.26 on Friday. The company has a quick ratio of 0.89, a current ratio of 1.32 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. The firm has a market capitalization of $5,932.76, a PE ratio of 115.07, a P/E/G ratio of 44.38 and a beta of 0.99.

Mattel (NASDAQ:MAT) last announced its quarterly earnings results on Thursday, October 26th. The company reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ 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 business had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter in the prior year, the firm earned $0.70 EPS. Mattel’s revenue for the quarter was down 13.1% on a year-over-year basis. research analysts forecast that Mattel will post 0.04 earnings per share for the current year.

Institutional investors have recently modified their holdings of the company. Intact Investment Management Inc. lifted its holdings in Mattel by 14.0% in the second quarter. Intact Investment Management Inc. now owns 93,100 shares of the company’s stock valued at $2,004,000 after acquiring an additional 11,400 shares during the last quarter. Thrivent Financial For Lutherans lifted its holdings in Mattel by 3.2% in the second quarter. Thrivent Financial For Lutherans now owns 13,050 shares of the company’s stock valued at $281,000 after acquiring an additional 410 shares during the last quarter. Aberdeen Asset Management PLC UK lifted its holdings in Mattel by 43.8% in the second quarter. Aberdeen Asset Management PLC UK now owns 147,083 shares of the company’s stock valued at $3,167,000 after acquiring an additional 44,802 shares during the last quarter. State of Wisconsin Investment Board lifted its holdings in Mattel by 31.1% in the second quarter. State of Wisconsin Investment Board now owns 298,972 shares of the company’s stock valued at $6,437,000 after acquiring an additional 70,840 shares during the last quarter. Finally, Greenwood Capital Associates LLC acquired a new position in Mattel in the second quarter valued at approximately $287,000. Institutional investors and hedge funds own 93.85% of the company’s stock.

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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.

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