Mattel (MAT) Stock Rating Lowered by BidaskClub
BidaskClub downgraded shares of Mattel (NASDAQ:MAT) from a hold rating to a sell rating in a research report released on Saturday morning.
Several other analysts also recently issued reports on the company. Monness Crespi & Hardt upped their price objective on Mattel from $22.00 to $27.00 and gave the company a buy rating in a research report on Wednesday, October 11th. TheStreet downgraded Mattel from a c rating to a d rating in a research report on Thursday, October 26th. BMO Capital Markets increased their target price on Mattel from $23.00 to $25.00 and gave the stock an outperform rating in a research report on Monday, October 30th. Stifel Nicolaus reduced their target price on Mattel from $17.00 to $14.00 and set a hold rating on the stock in a research report on Monday, October 30th. Finally, Jefferies Group dropped coverage on Mattel in a research report on Monday, December 18th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Mattel presently has a consensus rating of Hold and an average target price of $20.25.
Shares of Mattel (NASDAQ:MAT) opened at $15.12 on Friday. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.32 and a quick ratio of 0.89. Mattel has a 12-month low of $12.71 and a 12-month high of $31.60. The stock has a market capitalization of $5,200.00, a price-to-earnings ratio of -8.64, a PEG ratio of 4.14 and a beta of 1.01.
Mattel (NASDAQ:MAT) last issued its quarterly earnings data on Thursday, October 26th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 company had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter in the prior year, the company earned $0.70 earnings per share. The firm’s revenue was down 13.1% compared to the same quarter last year. sell-side analysts anticipate that Mattel will post -0.16 EPS for the current fiscal year.
Large investors have recently made changes to their positions in the business. Highlander Capital Management LLC acquired a new stake in Mattel during the second quarter worth about $105,000. Zeke Capital Advisors LLC acquired a new stake in Mattel during the third quarter worth about $163,000. Hartland & Co. LLC acquired a new stake in Mattel during the third quarter worth about $165,000. ETF Managers Group LLC acquired a new stake in Mattel during the second quarter worth about $195,000. Finally, National Asset Management Inc. acquired a new stake in Mattel during the second quarter worth about $213,000.
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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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