BidaskClub cut shares of Mattel (NASDAQ:MAT) from a hold rating to a sell rating in a report published on Friday morning.

MAT has been the subject of several other reports. ValuEngine cut Mattel from a buy rating to a hold rating in a research note on Thursday, December 13th. MKM Partners raised their price objective on Mattel to $15.00 and gave the stock a neutral rating in a research note on Monday, February 11th. Stifel Nicolaus restated a hold rating and issued a $15.00 price objective on shares of Mattel in a research note on Thursday, February 14th. Cfra cut Mattel to a sell rating and set a $13.00 price objective for the company. in a research note on Friday, February 8th. Finally, SunTrust Banks restated a hold rating and issued a $13.00 price objective on shares of Mattel in a research note on Monday, December 24th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $14.46.

NASDAQ MAT traded down $0.29 during trading on Friday, hitting $13.21. The company’s stock had a trading volume of 5,112,314 shares, compared to its average volume of 3,897,576. The company has a debt-to-equity ratio of 4.26, a quick ratio of 1.44 and a current ratio of 1.88. The company has a market cap of $4.66 billion, a PE ratio of -11.59 and a beta of 1.48. Mattel has a fifty-two week low of $9.09 and a fifty-two week high of $17.98.

Mattel (NASDAQ:MAT) last issued its quarterly earnings results on Thursday, February 7th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.15. The business had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.44 billion. Mattel had a negative return on equity of 43.47% and a negative net margin of 11.77%. The company’s quarterly revenue was down 5.4% on a year-over-year basis. During the same quarter last year, the company earned ($0.72) earnings per share. On average, sell-side analysts predict that Mattel will post -0.25 earnings per share for the current fiscal year.

In related news, CEO Ynon Kreiz purchased 71,425 shares of Mattel stock in a transaction that occurred on Thursday, February 21st. The stock was bought at an average cost of $14.02 per share, for a total transaction of $1,001,378.50. Following the completion of the transaction, the chief executive officer now owns 71,425 shares in the company, valued at $1,001,378.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Joseph J. Euteneuer purchased 20,000 shares of Mattel stock in a transaction that occurred on Friday, February 22nd. The shares were bought at an average price of $13.95 per share, with a total value of $279,000.00. Following the completion of the transaction, the chief financial officer now owns 55,231 shares of the company’s stock, valued at approximately $770,472.45. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 129,425 shares of company stock valued at $1,807,179. Company insiders own 1.60% of the company’s stock.

A number of hedge funds have recently made changes to their positions in MAT. Sumitomo Mitsui Trust Holdings Inc. raised its position in Mattel by 3.2% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,084,632 shares of the company’s stock valued at $17,029,000 after acquiring an additional 33,922 shares in the last quarter. Toronto Dominion Bank raised its position in Mattel by 3.9% during the third quarter. Toronto Dominion Bank now owns 257,003 shares of the company’s stock valued at $4,034,000 after acquiring an additional 9,675 shares in the last quarter. Norinchukin Bank The raised its position in Mattel by 13.6% during the third quarter. Norinchukin Bank The now owns 44,266 shares of the company’s stock valued at $695,000 after acquiring an additional 5,288 shares in the last quarter. Janus Henderson Group PLC raised its position in Mattel by 35.8% during the third quarter. Janus Henderson Group PLC now owns 172,498 shares of the company’s stock valued at $2,709,000 after acquiring an additional 45,436 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Mattel by 3.2% during the third quarter. Bank of New York Mellon Corp now owns 2,584,759 shares of the company’s stock valued at $40,582,000 after acquiring an additional 79,991 shares in the last quarter.

About Mattel

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.

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Analyst Recommendations for Mattel (NASDAQ:MAT)

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