Mattel, Inc. (MAT) Given a $22.00 Price Target at UBS AG
Mattel, Inc. (NASDAQ:MAT) has been given a $22.00 target price by UBS AG in a note issued to investors on Friday, www.tipranks.com reports. The firm presently has a “buy” rating on the stock. UBS AG’s price target suggests a potential upside of 57.14% from the company’s current price.
MAT has been the subject of several other research reports. MKM Partners dropped their price target on shares of Mattel from $24.00 to $22.00 and set a “buy” rating for the company in a research report on Monday, July 3rd. Monness Crespi & Hardt increased their price target on shares of Mattel from $22.00 to $27.00 and gave the company a “buy” rating in a research report on Wednesday, October 11th. TheStreet cut shares of Mattel from a “c” rating to a “d” rating in a research report on Thursday. Jefferies Group LLC reissued a “hold” rating and set a $17.00 price target on shares of Mattel in a research report on Thursday, September 7th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $19.00 price target on shares of Mattel in a research report on Tuesday, September 5th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $22.12.
Shares of Mattel (NASDAQ:MAT) traded down 8.91% during trading on Friday, hitting $14.00. 66,440,742 shares of the stock were exchanged. Mattel has a 52 week low of $12.71 and a 52 week high of $32.48. The stock’s 50 day moving average price is $15.45 and its 200 day moving average price is $19.46. The firm has a market capitalization of $4.80 billion, a price-to-earnings ratio of 20.09 and a beta of 0.86.
Mattel (NASDAQ:MAT) last announced its quarterly earnings data on Thursday, October 26th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.49). Mattel had a negative net margin of 11.73% and a positive return on equity of 2.29%. The business had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same period last year, the company posted $0.70 EPS. Mattel’s revenue for the quarter was down 13.1% on a year-over-year basis. On average, equities analysts predict that Mattel will post $0.69 earnings per share for the current year.
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In other Mattel news, CEO Mary Margaret Hasti Georgiadis purchased 12,660 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was bought at an average cost of $19.61 per share, for a total transaction of $248,262.60. Following the purchase, the chief executive officer now directly owns 116,788 shares in the company, valued at $2,290,212.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.40% of the stock is owned by company insiders.
A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Mattel by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 34,329,879 shares of the company’s stock valued at $739,123,000 after purchasing an additional 662,676 shares in the last quarter. American Century Companies Inc. increased its stake in Mattel by 91.6% during the 2nd quarter. American Century Companies Inc. now owns 9,958,114 shares of the company’s stock valued at $214,398,000 after purchasing an additional 4,759,608 shares in the last quarter. Janus Henderson Group PLC increased its stake in Mattel by 19,570.6% during the 2nd quarter. Janus Henderson Group PLC now owns 9,617,527 shares of the company’s stock valued at $207,066,000 after purchasing an additional 9,568,634 shares in the last quarter. Fairpointe Capital LLC increased its stake in Mattel by 24.3% during the 2nd quarter. Fairpointe Capital LLC now owns 7,993,469 shares of the company’s stock valued at $172,099,000 after purchasing an additional 1,560,624 shares in the last quarter. Finally, Eaton Vance Management increased its stake in Mattel by 581.7% during the 2nd quarter. Eaton Vance Management now owns 2,682,680 shares of the company’s stock valued at $57,758,000 after purchasing an additional 2,289,165 shares in the last quarter. Institutional investors and hedge funds own 93.43% of the company’s stock.
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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