Mattel, Inc. (MAT) Given “Sector Weight” Rating at KeyCorp
Mattel, Inc. (NASDAQ:MAT)‘s stock had its “sector weight” rating reissued by research analysts at KeyCorp in a research report issued on Thursday.
Several other analysts also recently commented on the company. MKM Partners lowered their price objective on Mattel from $24.00 to $22.00 and set a “buy” rating for the company in a research note on Monday, July 3rd. BidaskClub downgraded Mattel from a “hold” rating to a “sell” rating in a research note on Tuesday, June 20th. Jefferies Group LLC reissued a “hold” rating and issued a $17.00 price objective (down from $19.00) on shares of Mattel in a research note on Friday, July 28th. Stifel Nicolaus reissued a “hold” rating and issued a $23.00 price objective on shares of Mattel in a research note on Friday, June 9th. Finally, UBS AG set a $26.00 price objective on Mattel and gave the stock a “buy” rating in a research note on Friday, July 28th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $25.65.
Shares of Mattel (NASDAQ MAT) opened at 16.12 on Thursday. The company has a market cap of $5.52 billion, a PE ratio of 23.13 and a beta of 0.84. The company has a 50 day moving average price of $19.18 and a 200 day moving average price of $22.48. Mattel has a 52 week low of $15.92 and a 52 week high of $33.98.
Mattel (NASDAQ:MAT) last posted its quarterly earnings results on Thursday, July 27th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by $0.05. Mattel had a return on equity of 11.62% and a net margin of 4.51%. The firm had revenue of $974.50 million for the quarter, compared to analyst estimates of $972.36 million. During the same period last year, the company posted ($0.02) earnings per share. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. On average, equities analysts expect that Mattel will post $0.79 earnings per share for the current year.
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In other news, CEO Mary Margaret Hasti Georgiadis acquired 12,660 shares of Mattel stock in a transaction on Tuesday, August 1st. The stock was acquired at an average cost of $19.61 per share, with a total value of $248,262.60. Following the completion of the acquisition, the chief executive officer now owns 116,788 shares in the company, valued at $2,290,212.68. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.40% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Retirement Systems of Alabama raised its position in shares of Mattel by 2.1% in the first quarter. Retirement Systems of Alabama now owns 165,532 shares of the company’s stock valued at $4,239,000 after buying an additional 3,413 shares during the period. Nationwide Fund Advisors raised its position in shares of Mattel by 27.6% in the first quarter. Nationwide Fund Advisors now owns 247,580 shares of the company’s stock valued at $6,341,000 after buying an additional 53,516 shares during the period. Mn Services Vermogensbeheer B.V. raised its position in shares of Mattel by 6.2% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 9,122 shares of the company’s stock valued at $218,000 after buying an additional 532 shares during the period. Profund Advisors LLC raised its position in shares of Mattel by 1.3% in the first quarter. Profund Advisors LLC now owns 25,916 shares of the company’s stock valued at $664,000 after buying an additional 340 shares during the period. Finally, Sumitomo Mitsui Asset Management Company LTD raised its position in shares of Mattel by 11.7% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 28,896 shares of the company’s stock valued at $740,000 after buying an additional 3,033 shares during the period. 93.53% of the stock is owned by institutional investors and hedge funds.
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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