Mattel (MAT) Lowered to “Sell” at BidaskClub

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.

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

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.

TRADEMARK VIOLATION NOTICE: “Mattel (MAT) Lowered to “Sell” at BidaskClub” was posted by Community Financial News and is the sole property of of Community Financial News. If you are accessing this article on another website, it was stolen and reposted in violation of international copyright & trademark legislation. The legal version of this article can be accessed at https://www.com-unik.info/2018/01/16/mattel-mat-lowered-to-sell-at-bidaskclub.html.

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.

Analyst Recommendations for Mattel (NASDAQ:MAT)

Receive News & Ratings for Mattel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mattel and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit