Mattel, Inc. (MAT) Now Covered by DA Davidson
Stock analysts at DA Davidson assumed coverage on shares of Mattel, Inc. (NASDAQ:MAT) in a research report issued on Tuesday. The brokerage set a “buy” rating and a $30.00 price target on the stock. DA Davidson’s price objective indicates a potential upside of 37.93% from the company’s previous close.
A number of other analysts have also commented on MAT. B. Riley reiterated a “buy” rating and issued a $35.00 price objective on shares of Mattel in a research report on Tuesday, January 31st. MKM Partners reiterated a “neutral” rating and issued a $27.00 price objective (down from $36.00) on shares of Mattel in a research report on Thursday, January 26th. Jefferies Group LLC lowered their price objective on Mattel to $32.00 in a research report on Thursday, January 26th. Monness Crespi & Hardt lowered their price objective on Mattel from $37.00 to $34.00 and set a “buy” rating for the company in a research report on Thursday, January 26th. Finally, Goldman Sachs Group Inc started coverage on Mattel in a research report on Monday, February 13th. They issued a “neutral” rating and a $27.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Mattel currently has an average rating of “Buy” and an average price target of $30.82.
Shares of Mattel (NASDAQ:MAT) traded down 0.64% during trading on Tuesday, reaching $21.75. 10,337,029 shares of the company were exchanged. The stock has a market capitalization of $7.45 billion, a P/E ratio of 27.29 and a beta of 0.90. The stock has a 50-day moving average of $23.34 and a 200 day moving average of $26.84. Mattel has a 52-week low of $21.55 and a 52-week high of $34.24. Mattel also was the target of some unusual options trading on Monday. Stock traders purchased 4,911 put options on the company. This is an increase of 486% compared to the typical volume of 838 put options.
Mattel (NASDAQ:MAT) last released its quarterly earnings results on Thursday, April 20th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.17) by $0.15. Mattel had a net margin of 5.83% and a return on equity of 15.52%. The business had revenue of $735.60 million during the quarter, compared to the consensus estimate of $797.60 million. During the same period in the prior year, the firm earned ($0.14) earnings per share. The business’s quarterly revenue was down 15.4% compared to the same quarter last year. On average, equities analysts anticipate that Mattel will post $1.20 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 9th. Stockholders of record on Friday, May 19th will be given a dividend of $0.38 per share. The ex-dividend date is Wednesday, May 17th. This represents a $1.52 annualized dividend and a dividend yield of 6.99%. Mattel’s payout ratio is currently 167.03%.
In related news, Director Dean A. Scarborough bought 47,000 shares of the firm’s stock in a transaction dated Monday, April 24th. The stock was bought at an average cost of $21.95 per share, for a total transaction of $1,031,650.00. Following the transaction, the director now owns 77,573 shares of the company’s stock, valued at $1,702,727.35. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.88% of the stock is currently owned by insiders.
Several institutional investors have recently bought and sold shares of MAT. BlackRock Inc. raised its position in Mattel by 3,220.3% in the first quarter. BlackRock Inc. now owns 35,888,132 shares of the company’s stock valued at $919,097,000 after buying an additional 34,807,257 shares during the last quarter. Vanguard Group Inc. raised its position in Mattel by 4.0% in the first quarter. Vanguard Group Inc. now owns 33,667,203 shares of the company’s stock valued at $862,217,000 after buying an additional 1,279,790 shares during the last quarter. State Street Corp raised its position in Mattel by 0.8% in the first quarter. State Street Corp now owns 14,773,530 shares of the company’s stock valued at $378,355,000 after buying an additional 117,584 shares during the last quarter. Janus Capital Management LLC raised its position in Mattel by 2.5% in the fourth quarter. Janus Capital Management LLC now owns 13,630,792 shares of the company’s stock valued at $375,542,000 after buying an additional 337,785 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in Mattel by 2.6% in the first quarter. Bank of New York Mellon Corp now owns 11,221,858 shares of the company’s stock valued at $287,391,000 after buying an additional 280,930 shares during the last quarter. Institutional investors own 95.98% of the company’s stock.
Mattel, Inc manufactures and markets a range of toy products around the world. The Company’s segments are North America; International, and American Girl. Its portfolio of brands and products are grouped into approximately four major brand categories, including Mattel Girls & Boys Brands, Fisher-Price Brands, American Girl Brands and Construction and Arts & Crafts Brands.
Receive News & Ratings for Mattel Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mattel Inc. and related companies with MarketBeat.com's FREE daily email newsletter.