Mattel’s (MAT) Buy Rating Reiterated at UBS AG
Mattel, Inc. (NASDAQ:MAT)‘s stock had its “buy” rating reiterated by equities research analysts at UBS AG in a research report issued to clients and investors on Saturday. They presently have a $23.00 price objective on the stock. UBS AG’s price target indicates a potential upside of 45.02% from the company’s previous close.
Several other research analysts have also commented on MAT. BidaskClub upgraded shares of Mattel from a “strong sell” rating to a “sell” rating in a research note on Thursday. Stifel Nicolaus reiterated a “hold” rating on shares of Mattel in a research note on Thursday, August 3rd. Jefferies Group LLC reiterated a “hold” rating and set a $19.00 price objective on shares of Mattel in a research note on Monday, June 19th. DA Davidson lowered shares of Mattel from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $30.00 to $24.00 in a research note on Thursday, June 15th. Finally, Monness Crespi & Hardt reduced their price objective on shares of Mattel from $29.00 to $27.00 and set a “buy” rating for the company in a research note on Thursday, June 15th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Mattel currently has a consensus rating of “Hold” and an average target price of $25.04.
Shares of Mattel (NASDAQ MAT) opened at 15.86 on Friday. The company has a market cap of $5.44 billion, a P/E ratio of 22.75 and a beta of 0.87. The company’s 50 day moving average is $17.10 and its 200 day moving average is $21.49. Mattel has a 12 month low of $15.17 and a 12 month high of $33.23.
Mattel (NASDAQ:MAT) last posted its quarterly earnings data on Thursday, July 27th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.05). The firm had revenue of $974.50 million for the quarter, compared to the consensus estimate of $972.36 million. Mattel had a return on equity of 11.62% and a net margin of 4.51%. The company’s revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.02) EPS. On average, equities research analysts predict that Mattel will post $0.79 EPS for the current fiscal year.
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In other Mattel news, CEO Mary Margaret Hasti Georgiadis acquired 12,660 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were purchased at an average price of $19.61 per share, for a total transaction of $248,262.60. Following the completion of the purchase, the chief executive officer now directly owns 116,788 shares of the company’s stock, valued at $2,290,212.68. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 1.40% of the stock is owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the company. Sentry Investment Management LLC boosted its holdings in Mattel by 0.3% during the second quarter. Sentry Investment Management LLC now owns 25,759 shares of the company’s stock worth $555,000 after buying an additional 67 shares in the last quarter. Cleararc Capital Inc. boosted its holdings in Mattel by 0.8% during the first quarter. Cleararc Capital Inc. now owns 8,394 shares of the company’s stock worth $215,000 after buying an additional 69 shares in the last quarter. Advantus Capital Management Inc boosted its holdings in Mattel by 0.6% during the first quarter. Advantus Capital Management Inc now owns 34,314 shares of the company’s stock worth $879,000 after buying an additional 191 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in Mattel by 1.0% during the second quarter. Louisiana State Employees Retirement System now owns 21,200 shares of the company’s stock worth $456,000 after buying an additional 200 shares in the last quarter. Finally, Private Advisor Group LLC boosted its holdings in Mattel by 1.3% during the second quarter. Private Advisor Group LLC now owns 16,306 shares of the company’s stock worth $341,000 after buying an additional 204 shares in the last quarter. Hedge funds and other institutional investors own 93.54% of the company’s stock.
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.
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