Mattel, Inc. (MAT) Receives Consensus Rating of “Hold” from Analysts

Mattel, Inc. (NASDAQ:MAT) has received an average rating of “Hold” from the eighteen brokerages that are currently covering the company, Marketbeat.com reports. Twelve investment analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $19.63.

MAT has been the subject of several recent research reports. UBS Group set a $22.00 price objective on Mattel and gave the stock a “buy” rating in a report on Friday, October 27th. Monness Crespi & Hardt increased their price objective on Mattel from $22.00 to $27.00 and gave the stock a “buy” rating in a report on Wednesday, October 11th. TheStreet lowered Mattel from a “c” rating to a “d” rating in a report on Thursday, October 26th. Stifel Nicolaus cut their price objective on Mattel from $19.00 to $17.00 and set a “hold” rating for the company in a report on Thursday, October 12th. Finally, SunTrust Banks restated a “hold” rating and set a $17.00 target price (down from $22.00) on shares of Mattel in a report on Tuesday, October 10th.

Shares of Mattel (NASDAQ MAT) traded up $0.13 during trading on Tuesday, hitting $15.84. The stock had a trading volume of 2,997,200 shares, compared to its average volume of 7,950,981. The firm has a market capitalization of $5,444.67, a PE 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 has a 1-year low of $12.71 and a 1-year high of $31.60.

Mattel (NASDAQ:MAT) last issued its earnings results on Thursday, October 26th. The company reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.49). The business had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.82 billion. Mattel had a positive return on equity of 2.51% and a negative net margin of 11.73%. The business’s quarterly revenue was down 13.1% on a year-over-year basis. During the same period last year, the business earned $0.70 EPS. research analysts anticipate that Mattel will post -0.16 earnings per share for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the stock. IHT Wealth Management LLC boosted its holdings in Mattel by 5,624.1% during the second quarter. IHT Wealth Management LLC now owns 1,660 shares of the company’s stock valued at $302,000 after purchasing an additional 1,631 shares in the last quarter. Highlander Capital Management LLC acquired a new stake in Mattel during the second quarter valued at approximately $105,000. Penserra Capital Management LLC boosted its holdings in Mattel by 26.6% during the second 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 in the last quarter. ETF Managers Group LLC acquired a new stake in Mattel during the second quarter valued at approximately $195,000. Finally, Nations Financial Group Inc. IA ADV boosted its holdings in Mattel by 11.4% during the second 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 in the last quarter. 93.66% of the stock is currently owned by institutional investors and hedge funds.

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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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