Mattel, Inc. (MAT) Stock Rating Upgraded by ValuEngine
Mattel, Inc. (NASDAQ:MAT) was upgraded by research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.
A number of other brokerages also recently issued reports on MAT. BidaskClub downgraded Mattel from a “sell” rating to a “strong sell” rating in a research report on Saturday, November 4th. Stifel Nicolaus restated a “hold” rating on shares of Mattel in a research report on Thursday, August 3rd. SunTrust Banks, Inc. restated a “hold” rating and issued a $17.00 price target (down from $22.00) on shares of Mattel in a research report on Tuesday, October 10th. Jefferies Group LLC set a $13.00 price target on Mattel and gave the stock a “hold” rating in a research report on Sunday, October 29th. Finally, KeyCorp reiterated a “hold” rating on shares of Mattel in a research report on Sunday, October 29th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $21.46.
Mattel (NASDAQ:MAT) opened at $17.64 on Tuesday. The company has a current ratio of 1.32, a quick ratio of 0.89 and a debt-to-equity ratio of 1.31. The company has a market capitalization of $5,025.33, a P/E ratio of 97.47, a PEG 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.
Mattel (NASDAQ:MAT) last posted its earnings results on Thursday, October 26th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.49). The firm had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.82 billion. Mattel had a negative net margin of 11.73% and a positive return on equity of 2.51%. The firm’s revenue was down 13.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.70 earnings per share. sell-side analysts predict that Mattel will post 0.04 earnings per share for the current fiscal year.
TRADEMARK VIOLATION NOTICE: This news story was originally reported by Watch List News and is owned by of Watch List News. If you are viewing this news story on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The legal version of this news story can be viewed at https://www.watchlistnews.com/mattel-inc-mat-stock-rating-upgraded-by-valuengine/1701291.html.
A number of institutional investors and hedge funds have recently bought and sold shares of MAT. Janus Henderson Group PLC grew its stake in Mattel by 19,570.6% in the second quarter. Janus Henderson Group PLC now owns 9,617,527 shares of the company’s stock valued at $207,066,000 after purchasing an additional 9,568,634 shares during the last quarter. Parnassus Investments CA grew its stake in Mattel by 92.5% in the third quarter. Parnassus Investments CA now owns 16,064,364 shares of the company’s stock valued at $248,676,000 after purchasing an additional 7,719,364 shares during the last quarter. American Century Companies Inc. grew its stake in Mattel by 91.6% in the second quarter. American Century Companies Inc. now owns 9,958,114 shares of the company’s stock valued at $214,398,000 after purchasing an additional 4,759,608 shares during the last quarter. Eaton Vance Management grew its stake in Mattel by 581.7% in the second quarter. Eaton Vance Management now owns 2,682,680 shares of the company’s stock valued at $57,758,000 after purchasing an additional 2,289,165 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Mattel by 20.6% in the third quarter. Bank of New York Mellon Corp now owns 13,201,338 shares of the company’s stock valued at $204,357,000 after purchasing an additional 2,253,399 shares during the last quarter. Institutional investors own 95.89% 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.
Receive News & Ratings for Mattel Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mattel Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.