Mattel, Inc. (NASDAQ:MAT) has been given a consensus rating of “Hold” by the seventeen analysts that are covering the firm, Marketbeat Ratings reports. Three investment 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. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $16.00.
A number of brokerages have recently issued reports on MAT. Citigroup reduced their price objective on shares of Mattel from $21.00 to $19.00 and set a “buy” rating for the company in a research note on Wednesday, August 8th. Consumer Edge began coverage on shares of Mattel in a research note on Monday, August 13th. They set an “equal weight” rating for the company. Stifel Nicolaus raised their target price on shares of Mattel from $15.00 to $16.00 and gave the company a “hold” rating in a research note on Tuesday, July 10th. BidaskClub raised shares of Mattel from a “hold” rating to a “buy” rating in a research note on Saturday, July 7th. Finally, MKM Partners cut their target price on shares of Mattel to $13.00 and set a “neutral” rating for the company in a research note on Thursday, July 26th.
A number of hedge funds have recently added to or reduced their stakes in MAT. Commerzbank Aktiengesellschaft FI lifted its position in Mattel by 13.9% during the first quarter. Commerzbank Aktiengesellschaft FI now owns 366,329 shares of the company’s stock valued at $4,817,000 after purchasing an additional 44,604 shares during the last quarter. Oppenheimer & Co. Inc. bought a new position in Mattel during the first quarter valued at $164,000. Sumitomo Mitsui Trust Holdings Inc. lifted its position in Mattel by 1.1% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 980,909 shares of the company’s stock valued at $12,899,000 after purchasing an additional 10,341 shares during the last quarter. Westpac Banking Corp lifted its position in Mattel by 28.8% during the first quarter. Westpac Banking Corp now owns 398,818 shares of the company’s stock valued at $5,244,000 after purchasing an additional 89,191 shares during the last quarter. Finally, Mackay Shields LLC bought a new position in Mattel during the first quarter valued at $761,000.
Shares of NASDAQ MAT traded up $0.08 during midday trading on Monday, reaching $15.38. The stock had a trading volume of 51,932 shares, compared to its average volume of 2,988,474. The company has a debt-to-equity ratio of 4.29, a current ratio of 1.87 and a quick ratio of 1.22. The stock has a market cap of $5.31 billion, a PE ratio of -14.26 and a beta of 1.07. Mattel has a 12-month low of $12.21 and a 12-month high of $19.21.
Mattel (NASDAQ:MAT) last announced its quarterly earnings data on Wednesday, July 25th. The company reported ($0.56) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.32) by ($0.24). The firm had revenue of $840.70 million during the quarter, compared to analysts’ expectations of $862.48 million. Mattel had a negative return on equity of 56.60% and a negative net margin of 30.43%. The business’s revenue for the quarter was down 13.7% on a year-over-year basis. During the same period last year, the company earned ($0.14) earnings per share. research analysts expect that Mattel will post -0.95 EPS for the current year.
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.
Receive News & Ratings for Mattel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mattel and related companies with MarketBeat.com's FREE daily email newsletter.