Mattel, Inc. (MAT) Receives Buy Rating from UBS AG
Mattel, Inc. (NASDAQ:MAT)‘s stock had its “buy” rating restated by analysts at UBS AG in a report issued on Saturday, www.flashratings.com reports. They presently have a $23.00 price objective on the stock. UBS AG’s price target suggests a potential upside of 45.02% from the company’s current price.
Other analysts have also recently issued research reports about the stock. Jefferies Group LLC reiterated a “hold” rating and issued a $19.00 price target on shares of Mattel in a report on Monday, June 19th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $22.00 price target (down previously from $25.00) on shares of Mattel in a report on Friday, June 16th. Stifel Nicolaus reiterated a “hold” rating on shares of Mattel in a report on Thursday, August 3rd. DA Davidson reiterated a “buy” rating and issued a $30.00 price target on shares of Mattel in a report on Tuesday, May 23rd. Finally, Barclays PLC cut their price target on shares of Mattel from $25.00 to $22.00 and set an “equal weight” rating on the stock in a report on Friday, June 16th. Three research analysts have rated the stock with a sell rating, five have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $25.04.
Shares of Mattel (NASDAQ MAT) opened at 15.86 on Friday. Mattel has a 1-year low of $15.17 and a 1-year high of $33.23. The stock has a 50 day moving average of $17.10 and a 200-day moving average of $21.49. The company has a market capitalization of $5.44 billion, a price-to-earnings ratio of 22.75 and a beta of 0.87.
Mattel (NASDAQ:MAT) last issued its earnings results on Thursday, July 27th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.05). Mattel had a return on equity of 11.62% and a net margin of 4.51%. The firm had revenue of $974.50 million during the quarter, compared to analysts’ expectations of $972.36 million. During the same period in the previous year, the firm earned ($0.02) earnings per share. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. Analysts forecast that Mattel will post $0.79 earnings per share for the current year.
In other Mattel news, CEO Mary Margaret Hasti Georgiadis bought 12,660 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were purchased at an average price of $19.61 per share, for a total transaction of $248,262.60. Following the acquisition, the chief executive officer now owns 116,788 shares in the company, valued at approximately $2,290,212.68. The purchase was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.40% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. raised its position in shares of Mattel by 3,220.3% in the 1st quarter. BlackRock Inc. now owns 35,888,132 shares of the company’s stock worth $919,097,000 after purchasing an additional 34,807,257 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Mattel by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 34,329,879 shares of the company’s stock worth $739,123,000 after purchasing an additional 662,676 shares during the last quarter. State Street Corp raised its position in shares of Mattel by 0.8% in the 1st quarter. State Street Corp now owns 14,773,530 shares of the company’s stock worth $378,355,000 after purchasing an additional 117,584 shares during the last quarter. American Century Companies Inc. raised its position in shares of Mattel by 91.6% in the 2nd quarter. American Century Companies Inc. now owns 9,958,114 shares of the company’s stock worth $214,398,000 after purchasing an additional 4,759,608 shares during the last quarter. Finally, Janus Henderson Group PLC raised its position in shares of Mattel by 19,570.6% in the 2nd quarter. Janus Henderson Group PLC now owns 9,617,527 shares of the company’s stock worth $207,066,000 after purchasing an additional 9,568,634 shares during the last quarter. 93.54% of the stock is owned by hedge funds and other institutional investors.
Mattel Company Profile
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.
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