Several other research firms have also recently commented on MAT. UBS Group lowered their target price on Mattel from $13.00 to $10.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. DZ Bank cut shares of Mattel from a “hold” rating to a “sell” rating and set a $46.00 price objective on the stock. in a research note on Tuesday, October 29th. Stifel Nicolaus lowered their target price on shares of Mattel from $14.00 to $13.50 and set a “hold” rating for the company in a report on Tuesday, October 1st. Jefferies Financial Group set a $10.50 price target on Mattel and gave the company a “hold” rating in a research note on Friday, October 18th. Finally, SunTrust Banks reduced their price objective on shares of Mattel to $12.00 and set a “hold” rating on the stock in a research note on Wednesday, September 11th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $16.45.
Shares of MAT stock opened at $12.07 on Friday. Mattel has a 1 year low of $9.06 and a 1 year high of $17.26. The firm’s 50 day moving average is $11.53 and its 200-day moving average is $11.33. The firm has a market capitalization of $4.18 billion, a price-to-earnings ratio of -10.59 and a beta of 1.66. The company has a current ratio of 1.60, a quick ratio of 1.14 and a debt-to-equity ratio of 6.30.
Mattel (NASDAQ:MAT) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.18. Mattel had a negative net margin of 4.53% and a negative return on equity of 26.03%. The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same quarter last year, the business posted $0.18 earnings per share. Mattel’s revenue for the quarter was up 3.1% compared to the same quarter last year. On average, equities research analysts forecast that Mattel will post -0.45 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the company. EdgePoint Investment Group Inc. raised its holdings in Mattel by 37.8% in the 2nd quarter. EdgePoint Investment Group Inc. now owns 36,340,435 shares of the company’s stock valued at $407,376,000 after acquiring an additional 9,962,282 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Mattel by 34.9% during the 2nd quarter. BlackRock Inc. now owns 37,850,491 shares of the company’s stock worth $424,305,000 after purchasing an additional 9,786,835 shares in the last quarter. Nuveen Asset Management LLC bought a new position in shares of Mattel in the second quarter worth $55,087,000. Bank of New York Mellon Corp increased its position in shares of Mattel by 45.4% in the second quarter. Bank of New York Mellon Corp now owns 3,577,323 shares of the company’s stock worth $40,102,000 after purchasing an additional 1,117,677 shares during the period. Finally, Primecap Management Co. CA increased its position in shares of Mattel by 1.8% in the second quarter. Primecap Management Co. CA now owns 51,773,109 shares of the company’s stock worth $580,377,000 after purchasing an additional 932,710 shares during the period.
Mattel, Inc, a children's entertainment company, designs and produces toys and consumer products worldwide. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, content, gaming, and lifestyle products for children under the Barbie brand; diecast cars, tracks, playsets, and play products for kids, adults, and collectors under the Hot Wheels brand name; content, toy, live events, and other lifestyle products under the Fisher-Price and Thomas & Friends brands; and dolls and books under the American Girl brand name.
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