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Needham & Company decreased their price objective on shares of Mattel (NYSE:MAT) from $50.00 to $45.00 in a research note issued on Friday, American Banking and Market News reports. Needham & Company’s price target would suggest a potential upside of 18.92% from the stock’s previous close.

Mattel (NYSE:MAT) opened at 37.84 on Friday. Mattel has a 1-year low of $37.19 and a 1-year high of $48.48. The stock has a 50-day moving average of $44.81 and a 200-day moving average of $43.57. The company has a market cap of $12.806 billion and a P/E ratio of 18.00.

Mattel (NYSE:MAT) last released its earnings data on Thursday, January 30th. The company reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.21 by $0.14. The company had revenue of $2.11 million for the quarter, compared to the consensus estimate of $2.38 billion. During the same quarter in the previous year, the company posted $1.12 earnings per share. The company’s revenue for the quarter was down 6.3% on a year-over-year basis. Analysts expect that Mattel will post $2.74 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Friday, March 7th. Stockholders of record on Thursday, February 20th will be given a dividend of 0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 4.02%.

Several other analysts have also recently commented on the stock. Analysts at Goldman Sachs Group Inc. reiterated a “sell” rating on shares of Mattel in a research note to investors on Friday. Separately, analysts at Wells Fargo & Co. downgraded shares of Mattel from an “outperform” rating to a “market perform” rating in a research note to investors on Friday. Finally, analysts at McLean Capital Management downgraded shares of Mattel from a “buy” rating to a “neutral” rating in a research note to investors on Friday, January 24th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $47.56.

Mattel, Inc (NYSE:MAT) designs, manufactures and markets a variety of toy products worldwide which are sold to its customers and directly to consumers.

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