BidaskClub Lowers Mattel (NASDAQ:MAT) to Strong Sell

Mattel (NASDAQ:MAT) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report issued on Wednesday, June 26th, BidAskClub reports.

A number of other equities analysts have also recently commented on MAT. ValuEngine upgraded Yara International ASA from a “sell” rating to a “hold” rating in a report on Tuesday, March 19th. BMO Capital Markets raised their price objective on shares of Summit Industrial Income REIT from C$10.00 to C$11.50 and gave the stock an “average” rating in a research report on Tuesday, February 26th. MKM Partners raised their price objective on shares of Mattel from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Friday, April 26th. Zacks Investment Research downgraded shares of Guaranty Federal Bancshares from a “hold” rating to a “sell” rating in a research report on Tuesday, April 23rd. Finally, JPMorgan Chase & Co. initiated coverage on shares of INTL CONS AIRL/S in a research report on Tuesday, June 4th. They issued an “overweight” rating for the company. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $14.31.

MAT stock traded up $0.14 during trading hours on Wednesday, reaching $11.93. 2,584,208 shares of the stock were exchanged, compared to its average volume of 6,945,818. The firm’s 50-day simple moving average is $11.22. The company has a market cap of $4.03 billion, a P/E ratio of -10.46 and a beta of 1.55. The company has a debt-to-equity ratio of 5.50, a quick ratio of 1.27 and a current ratio of 1.88. Mattel has a 12 month low of $9.09 and a 12 month high of $17.26.

Mattel (NASDAQ:MAT) last released its earnings results on Thursday, April 25th. The company reported ($0.44) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.56) by $0.12. Mattel had a negative return on equity of 42.68% and a negative net margin of 8.98%. The firm had revenue of $689.20 million during the quarter, compared to analysts’ expectations of $652.36 million. During the same quarter in the prior year, the company earned ($0.60) EPS. The company’s revenue was down 2.7% on a year-over-year basis. Equities analysts expect that Mattel will post -0.58 earnings per share for the current year.

Hedge funds have recently modified their holdings of the business. Tyvor Capital LLC grew its position in shares of Mattel by 135.9% during the 2nd quarter. Tyvor Capital LLC now owns 235,870 shares of the company’s stock valued at $2,644,000 after acquiring an additional 135,870 shares during the period. Oregon Public Employees Retirement Fund lifted its stake in shares of Mattel by 291.8% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 139,918 shares of the company’s stock valued at $1,568,000 after buying an additional 104,207 shares in the last quarter. Louisiana State Employees Retirement System lifted its stake in shares of Mattel by 385.2% during the 2nd quarter. Louisiana State Employees Retirement System now owns 88,300 shares of the company’s stock valued at $1,056,000 after buying an additional 70,100 shares in the last quarter. AdvisorNet Financial Inc purchased a new stake in shares of Mattel during the 2nd quarter valued at approximately $50,000. Finally, Exane Derivatives lifted its stake in shares of Mattel by 95.6% during the 2nd quarter. Exane Derivatives now owns 27,400 shares of the company’s stock valued at $307,000 after buying an additional 13,389 shares in the last quarter.

About Mattel

Mattel, Inc, a children's entertainment company, designs and produces toys and consumer products worldwide. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, content, gaming, and lifestyle products for children under the Barbie brand; diecast cars, tracks, playsets, and play products for kids, adults, and collectors under the Hot Wheels brand name; content, toy, live events, and other lifestyle products under the Fisher-Price and Thomas & Friends brands; and dolls and books under the American Girl brand name.

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Analyst Recommendations for Mattel (NASDAQ:MAT)

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