BidaskClub cut shares of Mattel (NASDAQ:MAT) from a hold rating to a sell rating in a research report sent to investors on Saturday.
Other equities research analysts also recently issued reports about the stock. UBS Group reissued a buy rating and issued a $23.00 price target on shares of Mattel in a research note on Saturday, September 16th. Monness Crespi & Hardt boosted their price target 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 downgraded shares of Mattel from a c rating to a d rating in a research note on Thursday, October 26th. Stifel Nicolaus reduced their price target 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 issued a $17.00 price target (down from $22.00) on shares of Mattel in a research note on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Mattel presently has an average rating of Hold and an average target price of $20.25.
Mattel (NASDAQ:MAT) opened at $15.29 on Friday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.89 and a current ratio of 1.32. Mattel has a 52 week low of $12.71 and a 52 week high of $31.60. The company has a market cap of $5,255.62, a PE ratio of -8.79, a price-to-earnings-growth ratio of 4.14 and a beta of 1.01.
Several hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Mattel by 2.0% in the second quarter. Vanguard Group Inc. now owns 34,329,879 shares of the company’s stock valued at $739,123,000 after purchasing an additional 662,676 shares in the last quarter. Parnassus Investments CA grew its holdings in shares of Mattel by 92.5% in the third quarter. Parnassus Investments CA now owns 16,064,364 shares of the company’s stock valued at $248,676,000 after purchasing an additional 7,719,364 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Mattel by 20.6% in the third quarter. Bank of New York Mellon Corp now owns 13,201,338 shares of the company’s stock valued at $204,357,000 after purchasing an additional 2,253,399 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of Mattel by 19,570.6% in the second quarter. Janus Henderson Group PLC now owns 9,617,527 shares of the company’s stock valued at $207,066,000 after purchasing an additional 9,568,634 shares in the last quarter. Finally, Fairpointe Capital LLC grew its holdings in shares of Mattel by 24.3% in the second quarter. Fairpointe Capital LLC now owns 7,993,469 shares of the company’s stock valued at $172,099,000 after purchasing an additional 1,560,624 shares in the last quarter.
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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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