Mattel (NASDAQ:MAT) Rating Lowered to Sell at BidaskClub

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

Several other analysts also recently weighed in on the company. DA Davidson restated a neutral rating on shares of Mattel in a research report on Tuesday, July 30th. Cfra restated a hold rating on shares of Mattel in a research report on Friday, July 19th. MKM Partners upped their price objective on Mattel from $13.00 to $14.00 and gave the stock a neutral rating in a research report on Friday, April 26th. UBS Group set a $14.00 price objective on Mattel and gave the stock a hold rating in a research report on Wednesday, May 8th. Finally, JPMorgan Chase & Co. upgraded Mattel from a neutral rating to an overweight rating in a research report on Tuesday, June 4th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $14.31.

Shares of MAT stock opened at $9.44 on Wednesday. The company has a quick ratio of 1.11, a current ratio of 1.78 and a debt-to-equity ratio of 6.78. Mattel has a twelve month low of $9.09 and a twelve month high of $17.26. The company has a market cap of $3.50 billion, a P/E ratio of -8.28 and a beta of 1.55. The business has a fifty day simple moving average of $12.08 and a 200 day simple moving average of $12.50.

Mattel (NASDAQ:MAT) last announced its quarterly earnings data on Thursday, July 25th. The company reported ($0.25) earnings per share for the quarter, topping the consensus estimate of ($0.35) by $0.10. Mattel had a negative return on equity of 28.70% and a negative net margin of 6.00%. The business had revenue of $860.10 million during the quarter, compared to the consensus estimate of $822.24 million. During the same period in the prior year, the company earned ($0.56) EPS. Mattel’s revenue for the quarter was up 2.4% on a year-over-year basis. As a group, equities research analysts anticipate that Mattel will post -0.58 earnings per share for the current fiscal year.

A number of institutional investors have recently bought and sold shares of MAT. Bessemer Group Inc. raised its position in shares of Mattel by 361.4% during the second quarter. Bessemer Group Inc. now owns 2,353 shares of the company’s stock worth $27,000 after acquiring an additional 1,843 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new position in shares of Mattel during the second quarter worth about $49,000. AdvisorNet Financial Inc bought a new position in shares of Mattel during the second quarter worth about $50,000. Joseph P. Lucia & Associates LLC bought a new position in shares of Mattel during the first quarter worth about $400,000. Finally, Machina Capital S.A.S. bought a new position in shares of Mattel during the second quarter worth about $68,000.

Mattel Company Profile

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.

Further Reading: Hold Rating

Analyst Recommendations for Mattel (NASDAQ:MAT)

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