Mattel, Inc. (MAT) Stock Rating Reaffirmed by Jefferies Group LLC
Mattel, Inc. (NASDAQ:MAT)‘s stock had its “hold” rating reissued by analysts at Jefferies Group LLC in a report issued on Thursday. They presently have a $17.00 price target on the stock. Jefferies Group LLC’s price target indicates a potential upside of 9.25% from the company’s previous close.
Several other research analysts also recently weighed in on MAT. UBS AG reiterated a “buy” rating and issued a $29.00 target price on shares of Mattel in a research note on Friday, May 19th. DA Davidson reiterated a “buy” rating and issued a $30.00 target price on shares of Mattel in a research note on Tuesday, May 23rd. BMO Capital Markets reiterated a “buy” rating on shares of Mattel in a research note on Wednesday, June 7th. Stifel Nicolaus reiterated a “hold” rating and issued a $23.00 target price on shares of Mattel in a research note on Friday, June 9th. Finally, Monness Crespi & Hardt lowered their target price on Mattel from $29.00 to $27.00 and set a “buy” rating on the stock in a research note on Thursday, June 15th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $25.57.
Mattel (NASDAQ MAT) traded down 0.83% during midday trading on Thursday, hitting $15.56. The company had a trading volume of 7,801,721 shares. The company has a market cap of $5.33 billion, a price-to-earnings ratio of 22.32 and a beta of 0.87. Mattel has a 12 month low of $15.30 and a 12 month high of $33.23. The firm has a 50-day moving average price of $18.20 and a 200-day moving average price of $21.94.
Mattel (NASDAQ:MAT) last released its quarterly earnings results on Thursday, July 27th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by $0.05. The firm had revenue of $974.50 million for the quarter, compared to analysts’ expectations of $972.36 million. Mattel had a return on equity of 11.62% and a net margin of 4.51%. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.02) EPS. Equities analysts anticipate that Mattel will post $0.79 EPS for the current year.
COPYRIGHT VIOLATION NOTICE: This story was first posted by American Banking News and is the property of of American Banking News. If you are accessing this story on another site, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark law. The legal version of this story can be viewed at https://www.americanbankingnews.com/2017/09/07/mattel-inc-mat-stock-rating-reaffirmed-by-jefferies-group-llc.html.
In other news, CEO Mary Margaret Hasti Georgiadis acquired 12,660 shares of Mattel stock in a transaction that occurred on Tuesday, August 1st. The stock was purchased at an average cost of $19.61 per share, with a total value of $248,262.60. Following the completion of the acquisition, the chief executive officer now owns 116,788 shares in the company, valued at approximately $2,290,212.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.40% of the stock is owned by company insiders.
Hedge funds have recently modified their holdings of the stock. IHT Wealth Management LLC raised its holdings in Mattel by 5,624.1% during the second quarter. IHT Wealth Management LLC now owns 1,660 shares of the company’s stock worth $302,000 after purchasing an additional 1,631 shares during the last quarter. Highlander Capital Management LLC acquired a new position in Mattel during the second quarter worth $105,000. Penserra Capital Management LLC raised its holdings in Mattel by 26.6% during the second quarter. Penserra Capital Management LLC now owns 6,117 shares of the company’s stock worth $131,000 after purchasing an additional 1,287 shares during the last quarter. Delta Asset Management LLC TN raised its holdings in Mattel by 54.7% during the second quarter. Delta Asset Management LLC TN now owns 6,150 shares of the company’s stock worth $133,000 after purchasing an additional 2,175 shares during the last quarter. Finally, First Interstate Bank raised its holdings in Mattel by 237.1% during the first quarter. First Interstate Bank now owns 6,682 shares of the company’s stock worth $171,000 after purchasing an additional 4,700 shares during the last quarter. 93.54% of the stock is owned by hedge funds and other institutional investors.
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.