Mattel (MAT) Rating Lowered to Neutral at Monness Crespi & Hardt
Mattel (NASDAQ:MAT) was downgraded by Monness Crespi & Hardt from a “buy” rating to a “neutral” rating in a research note issued to investors on Tuesday.
Several other brokerages also recently commented on MAT. Jefferies Group set a $13.00 price target on shares of Mattel and gave the company a “hold” rating in a report on Sunday, October 29th. BidaskClub downgraded shares of Mattel from a “sell” rating to a “strong sell” rating in a report on Saturday, November 4th. ValuEngine raised shares of Mattel from a “sell” rating to a “hold” rating in a report on Tuesday, November 14th. DA Davidson raised shares of Mattel from an “underperform” rating to a “neutral” rating and set a $12.00 price target for the company in a report on Friday, November 3rd. Finally, KeyCorp reissued a “hold” rating on shares of Mattel in a report on Sunday, October 29th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $21.79.
Mattel (NASDAQ MAT) opened at $15.37 on Tuesday. The company has a market cap of $5,169.69, a P/E ratio of 100.27, a P/E/G ratio of 38.67 and a beta of 1.00. Mattel has a fifty-two week low of $12.71 and a fifty-two week high of $31.60. The company has a quick ratio of 0.89, a current ratio of 1.32 and a debt-to-equity ratio of 1.31.
Mattel (NASDAQ:MAT) last released its quarterly earnings data on Thursday, October 26th. The company reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.49). Mattel had a positive return on equity of 2.51% and a negative net margin of 11.73%. The business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same period last year, the business posted $0.70 earnings per share. The firm’s quarterly revenue was down 13.1% on a year-over-year basis. analysts predict that Mattel will post 0.04 earnings per share for the current year.
A number of large investors have recently modified their holdings of MAT. Retirement Systems of Alabama raised its position in Mattel by 0.3% in the 2nd quarter. Retirement Systems of Alabama now owns 166,090 shares of the company’s stock worth $3,576,000 after purchasing an additional 558 shares during the period. Canada Pension Plan Investment Board raised its position in Mattel by 231.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 227,050 shares of the company’s stock worth $4,888,000 after purchasing an additional 158,484 shares during the period. Schwab Charles Investment Management Inc. raised its position in Mattel by 7.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,759,364 shares of the company’s stock worth $37,880,000 after purchasing an additional 126,497 shares during the period. Boston Partners purchased a new position in Mattel in the 2nd quarter worth $646,000. Finally, First Trust Advisors LP raised its position in Mattel by 4.9% in the 2nd quarter. First Trust Advisors LP now owns 638,718 shares of the company’s stock worth $13,752,000 after purchasing an additional 29,791 shares during the period. Institutional investors own 93.86% of the company’s stock.
Mattel Company Profile
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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