Mattel (MAT) Upgraded by BidaskClub to “Hold”

BidaskClub upgraded shares of Mattel (NASDAQ:MAT) from a sell rating to a hold rating in a research note issued to investors on Wednesday.

Several other research analysts have also recently weighed in on MAT. Stifel Nicolaus lowered their price target on shares of Mattel from $19.00 to $17.00 and set a hold rating on the stock in a research report on Thursday, October 12th. Jefferies Group set a $14.00 price target on shares of Mattel and gave the company a hold rating in a research report on Tuesday, December 12th. Zacks Investment Research raised shares of Mattel from a strong sell rating to a hold rating in a research report on Tuesday, December 26th. Barclays boosted their price target on shares of Mattel from $15.00 to $16.00 and gave the company an equal weight rating in a research report on Monday, February 5th. Finally, 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 report on Wednesday, October 11th. Thirteen research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Mattel has a consensus rating of Hold and a consensus target price of $19.00.

Shares of Mattel (NASDAQ:MAT) opened at $17.27 on Wednesday. Mattel has a one year low of $12.71 and a one year high of $26.30. The company has a current ratio of 1.92, a quick ratio of 1.55 and a debt-to-equity ratio of 2.28. The stock has a market cap of $6,410.00, a price-to-earnings ratio of -5.64, a price-to-earnings-growth ratio of 13.36 and a beta of 1.00.

Mattel (NASDAQ:MAT) last announced its earnings results on Thursday, February 1st. The company reported ($0.72) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.93). Mattel had a negative return on equity of 21.37% and a negative net margin of 21.59%. The business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same period last year, the firm earned $0.52 EPS. The company’s revenue for the quarter was down 12.2% compared to the same quarter last year. sell-side analysts forecast that Mattel will post 0.13 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Wealthfront Inc. lifted its position in Mattel by 158.6% in the fourth quarter. Wealthfront Inc. now owns 49,612 shares of the company’s stock valued at $763,000 after buying an additional 30,425 shares during the last quarter. Virtu Financial LLC acquired a new position in Mattel in the fourth quarter valued at about $187,000. UBS Asset Management Americas Inc. lifted its position in Mattel by 1.7% in the fourth quarter. UBS Asset Management Americas Inc. now owns 1,123,414 shares of the company’s stock valued at $17,278,000 after buying an additional 19,134 shares during the last quarter. Rhumbline Advisers lifted its position in Mattel by 1.7% in the fourth quarter. Rhumbline Advisers now owns 640,847 shares of the company’s stock valued at $9,856,000 after buying an additional 10,537 shares during the last quarter. Finally, Levin Capital Strategies L.P. lifted its position in Mattel by 78.0% in the fourth quarter. Levin Capital Strategies L.P. now owns 17,803 shares of the company’s stock valued at $274,000 after buying an additional 7,803 shares during the last quarter. 93.86% of the stock is currently owned by institutional investors.

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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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