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

StockNews.com cut shares of Mattel (NASDAQ:MAT) from a buy rating to a hold rating in a research note published on Saturday.

Other equities research analysts have also issued research reports about the company. Roth Mkm reaffirmed a neutral rating and issued a $21.00 price objective on shares of Mattel in a report on Wednesday, April 24th. Bank of America lifted their price target on Mattel from $25.00 to $26.00 and gave the company a buy rating in a research note on Wednesday, April 24th. DA Davidson reiterated a buy rating and issued a $27.00 price objective on shares of Mattel in a research report on Monday, July 22nd. Finally, Citigroup boosted their target price on shares of Mattel from $25.00 to $26.00 and gave the stock a buy rating in a research report on Wednesday, April 24th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of Hold and a consensus target price of $22.63.

Mattel Price Performance

Shares of MAT opened at $18.86 on Friday. The company has a market capitalization of $6.49 billion, a price-to-earnings ratio of 22.72, a price-to-earnings-growth ratio of 1.25 and a beta of 0.86. Mattel has a fifty-two week low of $15.87 and a fifty-two week high of $22.44. The firm has a 50-day simple moving average of $17.50 and a 200-day simple moving average of $18.39. 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 (NASDAQ:MAT) last released its quarterly 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. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Mattel had a return on equity of 25.72% and a net margin of 5.94%. The company’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.10 earnings per share. On average, equities research analysts anticipate that Mattel will post 1.43 earnings per share for the current year.

Institutional Investors Weigh In On Mattel

Institutional investors and hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets lifted its stake in Mattel by 70.0% in the 4th quarter. BNP Paribas Financial Markets now owns 328,239 shares of the company’s stock valued at $6,197,000 after buying an additional 135,209 shares in the last quarter. Van ECK Associates Corp acquired a new position in shares of Mattel in the fourth quarter worth $1,484,000. Price T Rowe Associates Inc. MD lifted its position in shares of Mattel by 1.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 11,685,291 shares of the company’s stock valued at $231,487,000 after acquiring an additional 180,855 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Mattel by 12.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 76,131 shares of the company’s stock valued at $1,437,000 after acquiring an additional 8,476 shares during the last quarter. Finally, Hsbc Holdings PLC acquired a new stake in shares of Mattel during the fourth quarter valued at $1,169,000. 97.15% of the stock is currently owned by hedge funds and other 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.