Mattel, Inc. (MAT) Receives Consensus Rating of “Hold” from Brokerages
Mattel, Inc. (NASDAQ:MAT) has been given an average recommendation of “Hold” by the sixteen analysts that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $22.95.
MAT has been the topic of several research analyst reports. DA Davidson reissued a “buy” rating and set a $30.00 price target on shares of Mattel in a report on Tuesday, May 23rd. BMO Capital Markets reissued a “buy” rating on shares of Mattel in a report on Wednesday, June 7th. Jefferies Group LLC initiated coverage on Mattel in a report on Thursday, June 8th. They set a “hold” rating and a $22.00 price target on the stock. Stifel Nicolaus reissued a “hold” rating and set a $23.00 price target on shares of Mattel in a report on Friday, June 9th. Finally, Monness Crespi & Hardt lowered their price target on Mattel from $29.00 to $27.00 and set a “buy” rating on the stock in a report on Thursday, June 15th.
In related news, CEO Mary Margaret Hasti Georgiadis bought 12,660 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were bought at an average cost of $19.61 per share, with a total value of $248,262.60. Following the acquisition, the chief executive officer now owns 116,788 shares in the company, valued at $2,290,212.68. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.40% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of MAT. BlackRock Inc. raised its holdings in Mattel by 3,220.3% during the first quarter. BlackRock Inc. now owns 35,888,132 shares of the company’s stock valued at $919,097,000 after acquiring an additional 34,807,257 shares during the period. Janus Henderson Group PLC raised its holdings in Mattel by 19,570.6% during the second quarter. Janus Henderson Group PLC now owns 9,617,527 shares of the company’s stock valued at $207,066,000 after acquiring an additional 9,568,634 shares during the period. American Century Companies Inc. raised its holdings in Mattel by 91.6% during the second quarter. American Century Companies Inc. now owns 9,958,114 shares of the company’s stock valued at $214,398,000 after acquiring an additional 4,759,608 shares during the period. Eaton Vance Management raised its holdings in Mattel by 581.7% during the second quarter. Eaton Vance Management now owns 2,682,680 shares of the company’s stock valued at $57,758,000 after acquiring an additional 2,289,165 shares during the period. Finally, Credit Suisse AG raised its holdings in Mattel by 165.6% during the first quarter. Credit Suisse AG now owns 3,131,042 shares of the company’s stock valued at $80,186,000 after acquiring an additional 1,951,994 shares during the period. 93.54% of the stock is currently owned by institutional investors and hedge funds.
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Shares of Mattel (NASDAQ MAT) traded up 0.13% during mid-day trading on Friday, hitting $15.86. The company’s stock had a trading volume of 10,218,711 shares. The stock’s 50 day moving average price is $17.10 and its 200 day moving average price is $21.49. Mattel has a 52-week low of $15.17 and a 52-week high of $33.23. The company has a market cap of $5.44 billion, a price-to-earnings ratio of 22.75 and a beta of 0.87.
Mattel (NASDAQ:MAT) last released its quarterly earnings results on Thursday, July 27th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.05). The firm had revenue of $974.50 million for the quarter, compared to the consensus estimate of $972.36 million. Mattel had a net margin of 4.51% and a return on equity of 11.62%. Mattel’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.02) earnings per share. Equities analysts forecast that Mattel will post $0.79 EPS for the current year.
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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