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.
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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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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