Mattel (MAT) Receives New Coverage from Analysts at B. Riley

B. Riley began coverage on shares of Mattel (NASDAQ:MAT) in a research report report published on Thursday. The brokerage issued a neutral rating and a $15.00 price objective on the stock. B. Riley also issued estimates for Mattel’s Q2 2018 earnings at ($0.12) EPS, Q3 2018 earnings at $0.40 EPS, Q4 2018 earnings at $0.37 EPS and FY2019 earnings at $0.80 EPS.

Other research analysts have also recently issued research reports about the stock. UBS set a $22.00 price target on shares of Mattel and gave the stock a buy rating in a research note on Friday, October 27th. Monness Crespi & Hardt lifted their target price 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. TheStreet cut shares of Mattel from a c rating to a d rating in a research note on Thursday, October 26th. Stifel Nicolaus cut their target price on shares of Mattel from $19.00 to $17.00 and set a hold rating for the company in a research note on Thursday, October 12th. Finally, SunTrust Banks reiterated a hold rating and issued a $17.00 target price (down previously from $22.00) on shares of Mattel in a research note on Tuesday, October 10th. Twelve analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Mattel has a consensus rating of Hold and an average target price of $20.25.

Mattel (NASDAQ MAT) traded up $0.13 during mid-day trading on Thursday, reaching $15.84. The company had a trading volume of 2,997,002 shares, compared to its average volume of 7,950,981. Mattel has a fifty-two week low of $12.71 and a fifty-two week high of $31.60. The firm has a market capitalization of $5,197.19, a P/E ratio of -9.10 and a beta of 1.00. The company has a current ratio of 1.32, a quick ratio of 0.89 and a debt-to-equity ratio of 1.31.

Mattel (NASDAQ:MAT) last released its earnings results on Thursday, October 26th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates 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 last year, the business earned $0.70 earnings per share. The firm’s quarterly revenue was down 13.1% compared to the same quarter last year. research analysts predict that Mattel will post -0.16 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of MAT. Janus Henderson Group PLC grew its holdings in Mattel by 19,570.6% during the 2nd quarter. Janus Henderson Group PLC now owns 9,617,527 shares of the company’s stock worth $207,066,000 after acquiring an additional 9,568,634 shares during the period. Parnassus Investments CA grew its holdings in shares of Mattel by 92.5% in the 3rd quarter. Parnassus Investments CA now owns 16,064,364 shares of the company’s stock valued at $248,676,000 after buying an additional 7,719,364 shares during the period. American Century Companies Inc. grew its holdings in shares of Mattel by 91.6% in the 2nd quarter. American Century Companies Inc. now owns 9,958,114 shares of the company’s stock valued at $214,398,000 after buying an additional 4,759,608 shares during the period. Eaton Vance Management grew its holdings in shares of Mattel by 581.7% in the 2nd quarter. Eaton Vance Management now owns 2,682,680 shares of the company’s stock valued at $57,758,000 after buying an additional 2,289,165 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in shares of Mattel by 20.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 13,201,338 shares of the company’s stock valued at $204,357,000 after buying an additional 2,253,399 shares during the period. Hedge funds and other institutional investors own 93.67% 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.

Analyst Recommendations for Mattel (NASDAQ:MAT)

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