Mattel (NASDAQ:MAT) was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued to investors on Wednesday.
MAT has been the topic of several other research reports. Zacks Investment Research upgraded shares of Mattel from a “sell” rating to a “hold” rating in a report on Wednesday, September 19th. DA Davidson dropped their price target on shares of Mattel from $14.00 to $13.00 and set a “neutral” rating on the stock in a research note on Friday, October 26th. Jefferies Financial Group set a $13.00 target price on shares of Mattel and gave the stock a “hold” rating in a research note on Sunday, October 28th. Citigroup decreased their price target on shares of Mattel from $19.00 to $16.00 and set a “buy” rating on the stock in a report on Tuesday, October 30th. Finally, UBS Group set a $15.00 target price on shares of Mattel and gave the company a “hold” rating in a report on Thursday, November 1st. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $14.18.
NASDAQ MAT opened at $11.90 on Wednesday. Mattel has a one year low of $9.09 and a one year high of $18.88. The company has a debt-to-equity ratio of 4.28, a quick ratio of 1.21 and a current ratio of 1.70. The company has a market cap of $4.01 billion, a P/E ratio of -11.02, a price-to-earnings-growth ratio of 27.26 and a beta of 1.35.
Mattel (NASDAQ:MAT) last released its earnings results on Thursday, October 25th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.02). The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.51 billion. Mattel had a negative return on equity of 65.25% and a negative net margin of 17.99%. Analysts forecast that Mattel will post -1.07 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently modified their holdings of the stock. Franklin Resources Inc. grew its position in shares of Mattel by 10.8% during the third quarter. Franklin Resources Inc. now owns 30,050,865 shares of the company’s stock worth $471,861,000 after buying an additional 2,936,278 shares in the last quarter. Janus Henderson Group PLC grew its holdings in Mattel by 49.2% during the second quarter. Janus Henderson Group PLC now owns 127,062 shares of the company’s stock worth $2,087,000 after acquiring an additional 41,893 shares during the period. Andra AP fonden grew its holdings in Mattel by 13.3% during the second quarter. Andra AP fonden now owns 281,400 shares of the company’s stock worth $4,621,000 after acquiring an additional 33,100 shares during the period. Ardevora Asset Management LLP grew its holdings in Mattel by 10.3% in the third quarter. Ardevora Asset Management LLP now owns 2,205,336 shares of the company’s stock valued at $34,624,000 after purchasing an additional 205,800 shares during the last quarter. Finally, Korea Investment CORP acquired a new stake in Mattel in the third quarter valued at $212,000.
Mattel Company Profile
Mattel, Inc designs, manufactures, and markets a range of toy products worldwide. The company operates in three segments: North America, International, and American Girl. It offers Mattel Girls & Boys branded products, including Barbie dolls and accessories, Monster High, DC Super Hero Girls, Enchantimals, Polly Pocket, Hot Wheels and Matchbox vehicles and play sets, CARS, DC Comics, WWE Wrestling, Minecraft, Toy Story, and games and puzzles.
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