Mattel, Inc. (MAT) Given Consensus Rating of “Hold” by Analysts

Shares of Mattel, Inc. (NASDAQ:MAT) have been assigned an average rating of “Hold” from the eighteen research firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $21.79.

MAT has been the topic of several research reports. UBS reissued a “buy” rating and set a $23.00 price objective on shares of Mattel in a research note on Saturday, September 16th. Monness Crespi & Hardt boosted their price objective on shares of Mattel from $22.00 to $27.00 and gave the stock a “buy” rating in a research note on Wednesday, October 11th. TheStreet lowered shares of Mattel from a “c” rating to a “d” rating in a research note on Thursday, October 26th. Stifel Nicolaus dropped their price objective on shares of Mattel from $19.00 to $17.00 and set a “hold” rating on the stock in a research note on Thursday, October 12th. Finally, SunTrust Banks reissued a “hold” rating and set a $17.00 price objective (down previously from $22.00) on shares of Mattel in a research note on Tuesday, October 10th.

Shares of Mattel (NASDAQ MAT) traded down $0.79 during midday trading on Friday, hitting $15.16. 7,901,196 shares of the company traded hands, compared to its average volume of 7,950,825. Mattel has a one year low of $12.71 and a one year high of $31.60. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.32 and a quick ratio of 0.89. The stock has a market capitalization of $5,791.84, a PE ratio of 112.33, a P/E/G ratio of 43.33 and a beta of 1.00.

Mattel (NASDAQ:MAT) last announced its quarterly earnings results on Thursday, October 26th. The company reported $0.09 earnings per share (EPS) 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 company had revenue of $1.56 billion for 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 quarterly revenue was down 13.1% compared to the same quarter last year. equities analysts anticipate that Mattel will post 0.04 EPS for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Sentry Investment Management LLC lifted its stake in shares of Mattel by 0.3% in the second quarter. Sentry Investment Management LLC now owns 25,759 shares of the company’s stock worth $555,000 after buying an additional 67 shares in the last quarter. Louisiana State Employees Retirement System lifted its stake in shares of Mattel by 1.0% in the second quarter. Louisiana State Employees Retirement System now owns 21,200 shares of the company’s stock worth $456,000 after buying an additional 200 shares in the last quarter. Private Advisor Group LLC lifted its stake in shares of Mattel by 1.3% in the second quarter. Private Advisor Group LLC now owns 16,306 shares of the company’s stock worth $341,000 after buying an additional 204 shares in the last quarter. Simmons Bank lifted its stake in shares of Mattel by 0.6% in the second quarter. Simmons Bank now owns 55,546 shares of the company’s stock worth $1,196,000 after buying an additional 339 shares in the last quarter. Finally, Thrivent Financial For Lutherans lifted its stake in shares of Mattel by 3.2% in the second quarter. Thrivent Financial For Lutherans now owns 13,050 shares of the company’s stock worth $281,000 after buying an additional 410 shares in the last quarter. Hedge funds and other institutional investors own 93.86% of the company’s stock.

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About Mattel

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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