StockNews.com Lowers Mattel (NASDAQ:MAT) to Hold

StockNews.com lowered shares of Mattel (NASDAQ:MAT) from a buy rating to a hold rating in a research report report published on Thursday.

MAT has been the topic of several other reports. Morgan Stanley upped their target price on shares of Mattel from $21.00 to $22.00 and gave the company an “equal weight” rating in a research report on Thursday. Bank of America upped their target price on shares of Mattel from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday. JPMorgan Chase & Co. upped their target price on shares of Mattel from $22.00 to $23.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. DA Davidson restated a “buy” rating and set a $27.00 target price on shares of Mattel in a research report on Thursday. Finally, Jefferies Financial Group upped their price target on shares of Mattel from $18.25 to $20.00 and gave the company a “hold” rating in a report on Tuesday, October 1st. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $23.75.

Mattel Stock Up 2.3 %

MAT opened at $19.00 on Thursday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.81 and a current ratio of 2.58. Mattel has a fifty-two week low of $15.87 and a fifty-two week high of $20.48. The firm’s fifty day moving average is $18.97 and its 200 day moving average is $18.28. The stock has a market cap of $6.46 billion, a price-to-earnings ratio of 20.65, a price-to-earnings-growth ratio of 0.99 and a beta of 0.79.

Mattel (NASDAQ:MAT) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $1.14 EPS for the quarter, topping the consensus estimate of $0.95 by $0.19. The business had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Mattel had a net margin of 5.94% and a return on equity of 25.72%. The business’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.08 EPS. On average, sell-side analysts forecast that Mattel will post 1.44 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Mattel

A number of hedge funds have recently added to or reduced their stakes in the stock. Capital International Investors grew its stake in Mattel by 4.6% in the 1st quarter. Capital International Investors now owns 19,231,375 shares of the company’s stock worth $380,974,000 after acquiring an additional 845,368 shares in the last quarter. Ariel Investments LLC grew its stake in Mattel by 0.7% in the 1st quarter. Ariel Investments LLC now owns 15,583,293 shares of the company’s stock worth $308,705,000 after acquiring an additional 112,786 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Mattel by 1.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,685,291 shares of the company’s stock worth $231,487,000 after acquiring an additional 180,855 shares in the last quarter. Pacer Advisors Inc. grew its stake in Mattel by 20,152.4% in the 2nd quarter. Pacer Advisors Inc. now owns 10,995,234 shares of the company’s stock worth $178,783,000 after acquiring an additional 10,940,943 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Mattel by 34.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,794,138 shares of the company’s stock worth $94,215,000 after acquiring an additional 1,479,227 shares in the last quarter. 97.15% of the stock is currently owned by institutional investors.

Mattel Company Profile

Mattel, Inc, a toy and family entertainment company, designs, manufactures, and markets toys and consumer products in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, as well as books, content, gaming, and lifestyle products for children under the Barbie, American Girl, Disney Princess and Disney Frozen, Monster High, and Polly Pocket brands; die-cast vehicles, tracks, playsets, and accessories for kids, adults, and collectors under the Hot Wheels, Hot Wheels Monster Trucks, Hot Wheels Mario Kart, Matchbox, and Cars brand names; and infant, toddler, and preschool products comprising content, toys, live events, and other consumer products under the Fisher-Price, Little People and Imaginext, and Thomas & Friends, and Power wheels brands.