Mattel, Inc. (MAT) Stock Rating Upgraded by BidaskClub
Mattel, Inc. (NASDAQ:MAT) was upgraded by research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a report released on Wednesday.
MAT has been the topic of several other reports. ValuEngine upgraded shares of Mattel from a “sell” rating to a “hold” rating in a report on Tuesday. Stifel Nicolaus reiterated a “hold” rating on shares of Mattel in a report on Thursday, August 3rd. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $17.00 target price (down from $22.00) on shares of Mattel in a report on Tuesday, October 10th. Jefferies Group LLC set a $13.00 target price on shares of Mattel and gave the company a “hold” rating in a report on Sunday, October 29th. Finally, KeyCorp reiterated a “hold” rating on shares of Mattel in a report on Sunday, October 29th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Mattel has a consensus rating of “Hold” and a consensus target price of $21.46.
Mattel (MAT) opened at $18.54 on Wednesday. The firm has a market cap of $5,025.33, a PE ratio of 97.47, a P/E/G ratio of 37.59 and a beta of 0.88. Mattel has a 52-week low of $12.71 and a 52-week high of $32.48. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.89 and a current ratio of 1.32.
Mattel (NASDAQ:MAT) last posted its quarterly earnings results on Thursday, October 26th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.49). The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.82 billion. Mattel had a positive return on equity of 2.51% and a negative net margin of 11.73%. The business’s revenue was down 13.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.70 earnings per share. analysts anticipate that Mattel will post 0.04 EPS for the current fiscal year.
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Institutional investors and hedge funds have recently made changes to their positions in the stock. Highlander Capital Management LLC purchased a new stake in Mattel during the 2nd quarter worth approximately $105,000. Penserra Capital Management LLC increased its stake in Mattel by 26.6% during the 2nd quarter. Penserra Capital Management LLC now owns 6,117 shares of the company’s stock worth $131,000 after buying an additional 1,287 shares during the period. Delta Asset Management LLC TN increased its stake in Mattel by 54.7% during the 2nd quarter. Delta Asset Management LLC TN now owns 6,150 shares of the company’s stock worth $133,000 after buying an additional 2,175 shares during the period. Zeke Capital Advisors LLC purchased a new stake in Mattel during the 3rd quarter worth approximately $163,000. Finally, Hartland & Co. LLC purchased a new stake in Mattel during the 3rd quarter worth approximately $165,000. 95.89% of the stock is currently owned by hedge funds and other institutional investors.
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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