Mattel (NASDAQ:MAT) Downgraded to Hold at StockNews.com

Mattel (NASDAQ:MAT) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.

MAT has been the topic of a number of other research reports. Bank of America lifted their price target on shares of Mattel from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday. Morgan Stanley boosted their target price on shares of Mattel from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Thursday. JPMorgan Chase & Co. upped their price target on shares of Mattel from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Jefferies Financial Group lifted their price objective on Mattel from $18.25 to $20.00 and gave the stock a “hold” rating in a report on Tuesday, October 1st. Finally, DA Davidson reissued a “buy” rating and set a $27.00 target price on shares of Mattel in a report on Thursday. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $23.75.

Mattel Trading Up 2.3 %

MAT stock opened at $19.00 on Thursday. Mattel has a 52-week low of $15.87 and a 52-week high of $20.48. The company has a quick ratio of 1.81, a current ratio of 2.58 and a debt-to-equity ratio of 1.18. The firm has a market cap of $6.46 billion, a P/E ratio of 20.65, a PEG ratio of 0.99 and a beta of 0.79. The company’s 50-day simple moving average is $18.97 and its 200-day simple moving average is $18.28.

Mattel (NASDAQ:MAT) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.19. Mattel had a return on equity of 25.72% and a net margin of 5.94%. The company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the prior year, the business posted $1.08 earnings per share. Mattel’s revenue for the quarter was down 3.9% on a year-over-year basis. As a group, equities analysts forecast that Mattel will post 1.44 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Nisa Investment Advisors LLC raised its holdings in shares of Mattel by 2.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 25,795 shares of the company’s stock worth $491,000 after acquiring an additional 693 shares during the period. State of Alaska Department of Revenue increased its position in Mattel by 3.0% during the third quarter. State of Alaska Department of Revenue now owns 39,484 shares of the company’s stock worth $752,000 after purchasing an additional 1,160 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in Mattel during the third quarter worth about $108,000. Brighton Jones LLC acquired a new position in Mattel in the 3rd quarter valued at about $228,000. Finally, Blue Trust Inc. grew its stake in shares of Mattel by 74.2% in the 3rd quarter. Blue Trust Inc. now owns 3,610 shares of the company’s stock valued at $69,000 after buying an additional 1,538 shares during the period. 97.15% of the stock is currently owned by institutional investors and hedge funds.

Mattel Company Profile

Mattel, Inc, a toy and family entertainment company, designs, manufactures, and markets toys and consumer products in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, as well as books, content, gaming, and lifestyle products for children under the Barbie, American Girl, Disney Princess and Disney Frozen, Monster High, and Polly Pocket brands; die-cast vehicles, tracks, playsets, and accessories for kids, adults, and collectors under the Hot Wheels, Hot Wheels Monster Trucks, Hot Wheels Mario Kart, Matchbox, and Cars brand names; and infant, toddler, and preschool products comprising content, toys, live events, and other consumer products under the Fisher-Price, Little People and Imaginext, and Thomas & Friends, and Power wheels brands.