Mattel (MAT) Earns Hold Rating from Stifel Nicolaus
Mattel (NASDAQ:MAT)‘s stock had its “hold” rating reaffirmed by Stifel Nicolaus in a research note issued on Wednesday. They currently have a $14.00 price target on the stock, down from their previous price target of $34.00. Stifel Nicolaus’ price objective suggests a potential downside of 4.24% from the stock’s current price.
A number of other research firms have also recently weighed in on MAT. BidaskClub raised Mattel from a “strong sell” rating to a “sell” rating in a report on Wednesday, November 15th. Jefferies Group set a $17.00 target price on Mattel and gave the company a “hold” rating in a research note on Saturday, December 2nd. KeyCorp reissued a “sector weight” rating on shares of Mattel in a research note on Thursday, August 31st. UBS reissued a “buy” rating and issued a $23.00 target price on shares of Mattel in a research note on Saturday, September 16th. Finally, SunTrust Banks reissued a “hold” rating and issued a $17.00 target price (down from $22.00) on shares of Mattel in a research note on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Mattel presently has a consensus rating of “Hold” and a consensus target price of $21.54.
Shares of Mattel (NASDAQ MAT) opened at $14.62 on Wednesday. Mattel has a twelve month low of $12.71 and a twelve month high of $31.60. The firm has a market capitalization of $5,283.12, a price-to-earnings ratio of 102.47, a P/E/G ratio of 39.52 and a beta of 1.00. The company has a current ratio of 1.32, a quick ratio of 0.89 and a debt-to-equity ratio of 1.31.
Mattel (NASDAQ:MAT) last released its quarterly earnings results on Thursday, October 26th. The company reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.49). Mattel had a negative net margin of 11.73% and a positive return on equity of 2.51%. The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period in the prior year, the business earned $0.70 earnings per share. The company’s revenue for the quarter was down 13.1% on a year-over-year basis. equities analysts anticipate that Mattel will post 0.04 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in MAT. Janus Henderson Group PLC boosted its position in shares of Mattel by 19,570.6% in the 2nd quarter. Janus Henderson Group PLC now owns 9,617,527 shares of the company’s stock worth $207,066,000 after purchasing an additional 9,568,634 shares during the last quarter. Parnassus Investments CA boosted its position in shares of Mattel by 92.5% in the 3rd quarter. Parnassus Investments CA now owns 16,064,364 shares of the company’s stock worth $248,676,000 after purchasing an additional 7,719,364 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Mattel by 91.6% in the 2nd quarter. American Century Companies Inc. now owns 9,958,114 shares of the company’s stock worth $214,398,000 after purchasing an additional 4,759,608 shares during the last quarter. Eaton Vance Management boosted its position in shares of Mattel by 581.7% in the 2nd quarter. Eaton Vance Management now owns 2,682,680 shares of the company’s stock worth $57,758,000 after purchasing an additional 2,289,165 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Mattel by 20.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 13,201,338 shares of the company’s stock worth $204,357,000 after purchasing an additional 2,253,399 shares during the last quarter. 93.86% of the stock is owned by 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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