Mattel, Inc. (MAT) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of Mattel, Inc. (NASDAQ:MAT) have received an average rating of “Hold” from the sixteen brokerages that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, six have issued a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $22.37.
Several equities research analysts have commented on MAT shares. DA Davidson cut shares of Mattel from a “buy” rating to a “neutral” rating and cut their price target for the stock from $30.00 to $24.00 in a research report on Thursday, June 15th. Monness Crespi & Hardt cut their price target on shares of Mattel from $29.00 to $27.00 and set a “buy” rating on the stock in a research report on Thursday, June 15th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $22.00 price target (down from $25.00) on shares of Mattel in a research report on Friday, June 16th. 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 research report on Friday, June 16th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $19.00 price target on shares of Mattel in a research report on Monday, June 19th.
Mattel (NASDAQ MAT) traded down 0.38% during midday trading on Thursday, hitting $15.60. The stock had a trading volume of 4,246,494 shares. Mattel has a one year low of $14.35 and a one year high of $33.23. The stock’s 50-day moving average is $15.61 and its 200-day moving average is $20.15. The company has a market cap of $5.35 billion, a P/E ratio of 22.38 and a beta of 0.86.
Mattel (NASDAQ:MAT) last issued its quarterly 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 business had revenue of $974.50 million for the quarter, compared to the consensus estimate of $972.36 million. During the same period last year, the firm earned ($0.02) earnings per share. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. Equities analysts predict that Mattel will post $0.76 EPS for the current fiscal year.
In other Mattel news, CEO Mary Margaret Hasti Georgiadis bought 12,660 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 116,788 shares in the company, valued at approximately $2,290,212.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.40% of the company’s stock.
A number of institutional investors have recently modified their holdings of the business. W. E. Donoghue & Co. LLC acquired a new stake in Mattel in the second quarter valued at approximately $16,631,000. Sentry Investment Management LLC boosted its position in Mattel by 0.3% in the second quarter. Sentry Investment Management LLC now owns 25,759 shares of the company’s stock valued at $555,000 after buying an additional 67 shares in the last quarter. Toronto Dominion Bank boosted its position in Mattel by 25.0% in the second quarter. Toronto Dominion Bank now owns 116,042 shares of the company’s stock valued at $2,498,000 after buying an additional 23,236 shares in the last quarter. Schafer Cullen Capital Management Inc. boosted its position in Mattel by 26.6% in the second quarter. Schafer Cullen Capital Management Inc. now owns 42,182 shares of the company’s stock valued at $908,000 after buying an additional 8,865 shares in the last quarter. Finally, National Asset Management Inc. acquired a new stake in Mattel in the second quarter valued at approximately $213,000. Hedge funds and other institutional investors own 93.81% 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.
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