Traders Sell Mattel, Inc. (MAT) on Strength (MAT)
Traders sold shares of Mattel, Inc. (NASDAQ:MAT) on strength during trading hours on Wednesday. $16.99 million flowed into the stock on the tick-up and $34.80 million flowed out of the stock on the tick-down, for a money net flow of $17.81 million out of the stock. Of all equities tracked, Mattel had the 0th highest net out-flow for the day. Mattel traded up $0.28 for the day and closed at $18.81
MAT has been the subject of several recent analyst reports. Jefferies Group LLC reissued a “hold” rating and set a $17.00 price objective (down previously from $19.00) on shares of Mattel in a report on Friday, July 28th. UBS AG set a $26.00 price objective on Mattel and gave the stock a “buy” rating in a report on Friday, July 28th. BMO Capital Markets reissued an “outperform” rating and set a $25.00 price objective (down previously from $30.00) on shares of Mattel in a report on Friday, July 28th. Stifel Nicolaus reissued a “hold” rating on shares of Mattel in a report on Thursday, August 3rd. Finally, DA Davidson lowered Mattel from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $22.00 to $18.00 in a report on Thursday, August 3rd. One analyst has rated the stock with a sell rating, nine have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $21.46.
The company has a market cap of $6,465.55, a P/E ratio of 125.40, a PEG ratio of 48.37 and a beta of 0.88. 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 issued its earnings results 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). The firm had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Mattel had a positive return on equity of 2.51% and a negative net margin of 11.73%. The firm’s quarterly revenue was down 13.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.70 EPS. analysts predict that Mattel, Inc. will post 0.04 EPS for the current year.
Institutional investors and hedge funds have recently modified their holdings of the business. Steward Partners Investment Advisory LLC bought a new stake in Mattel in the third quarter valued at approximately $375,000. Coastline Trust Co lifted its position in Mattel by 44.4% in the third quarter. Coastline Trust Co now owns 20,360 shares of the company’s stock valued at $315,000 after purchasing an additional 6,260 shares during the last quarter. California Public Employees Retirement System lifted its position in Mattel by 11.3% in the third quarter. California Public Employees Retirement System now owns 995,075 shares of the company’s stock valued at $15,404,000 after purchasing an additional 100,722 shares during the last quarter. Vident Investment Advisory LLC bought a new stake in Mattel in the third quarter valued at approximately $236,000. Finally, Chevy Chase Trust Holdings Inc. lifted its position in Mattel by 1.3% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 298,913 shares of the company’s stock valued at $4,627,000 after purchasing an additional 3,801 shares during the last quarter. 94.74% of the stock is owned by institutional investors and hedge funds.
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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