Mattel (NASDAQ:MAT) Rating Lowered to Hold at StockNews.com

Mattel (NASDAQ:MAT) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report released on Wednesday.

MAT has been the subject of a number of other reports. DA Davidson reissued a “buy” rating and set a $27.00 target price on shares of Mattel in a research report on Monday. Citigroup upped their price target on shares of Mattel from $25.00 to $26.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Bank of America upped their price target on shares of Mattel from $25.00 to $26.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Finally, Roth Mkm restated a “neutral” rating and set a $21.00 price target on shares of Mattel in a research note on Wednesday, April 24th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $22.63.

Mattel Price Performance

Shares of NASDAQ MAT opened at $18.91 on Wednesday. The firm’s 50-day moving average price is $17.21 and its 200-day moving average price is $18.31. Mattel has a 1-year low of $15.87 and a 1-year high of $22.64. The firm has a market capitalization of $6.51 billion, a P/E ratio of 22.78, a P/E/G ratio of 1.10 and a beta of 0.86. The company has a current ratio of 2.49, a quick ratio of 1.88 and a debt-to-equity ratio of 1.15.

Mattel (NASDAQ:MAT) last posted its earnings results on Tuesday, July 23rd. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.17 by $0.02. Mattel had a net margin of 5.94% and a return on equity of 25.42%. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the previous year, the firm posted $0.10 earnings per share. The firm’s revenue for the quarter was down .7% on a year-over-year basis. Equities research analysts anticipate that Mattel will post 1.4 earnings per share for the current fiscal year.

Insider Buying and Selling at Mattel

In other news, EVP Zanatta Roberto Jacobo Isaias sold 21,655 shares of the business’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $18.83, for a total value of $407,763.65. Following the transaction, the executive vice president now owns 106,086 shares of the company’s stock, valued at $1,997,599.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Steve Totzke sold 45,216 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $18.90, for a total value of $854,582.40. Following the transaction, the insider now directly owns 101,902 shares in the company, valued at $1,925,947.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Zanatta Roberto Jacobo Isaias sold 21,655 shares of the company’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $18.83, for a total transaction of $407,763.65. Following the completion of the transaction, the executive vice president now owns 106,086 shares in the company, valued at $1,997,599.38. The disclosure for this sale can be found here. Insiders have sold 90,533 shares of company stock valued at $1,709,321 over the last 90 days. 1.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its position in shares of Mattel by 108.5% in the 2nd quarter. GAMMA Investing LLC now owns 2,022 shares of the company’s stock valued at $33,000 after purchasing an additional 1,052 shares during the last quarter. Blue Trust Inc. raised its position in shares of Mattel by 143.2% in the 2nd quarter. Blue Trust Inc. now owns 2,072 shares of the company’s stock valued at $34,000 after purchasing an additional 1,220 shares during the last quarter. CWM LLC raised its position in shares of Mattel by 71.0% in the 2nd quarter. CWM LLC now owns 2,641 shares of the company’s stock valued at $43,000 after purchasing an additional 1,097 shares during the last quarter. Versant Capital Management Inc raised its position in shares of Mattel by 14,185.0% in the 2nd quarter. Versant Capital Management Inc now owns 2,857 shares of the company’s stock valued at $46,000 after purchasing an additional 2,837 shares during the last quarter. Finally, Partnership Wealth Management LLC acquired a new position in Mattel in the 4th quarter worth approximately $61,000. 97.15% of the stock is currently owned by institutional investors.

About Mattel

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.