Mattel, Inc. (MAT) PT Lowered to $14.00 at Stifel Nicolaus
Mattel, Inc. (NASDAQ:MAT) had its target price dropped by Stifel Nicolaus from $17.00 to $14.00 in a research note issued to investors on Monday. The firm presently has a “hold” rating on the stock. Stifel Nicolaus’ price target suggests a potential downside of 10.14% from the stock’s previous close.
A number of other analysts have also recently commented on the stock. Monness Crespi & Hardt upped their target price on shares of Mattel from $22.00 to $27.00 and gave the company a “buy” rating in a report on Wednesday, October 11th. BidaskClub raised shares of Mattel from a “strong sell” rating to a “sell” rating in a research note on Thursday, September 14th. Jefferies Group LLC reissued a “hold” rating and issued a $17.00 price objective on shares of Mattel in a research note on Thursday, September 7th. BMO Capital Markets reissued an “outperform” rating and issued a $25.00 price objective (down from $30.00) on shares of Mattel in a research note on Friday, July 28th. Finally, UBS AG set a $26.00 price objective on shares of Mattel and gave the stock a “buy” rating in a research note on Friday, July 28th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Mattel currently has an average rating of “Hold” and a consensus price target of $21.54.
Mattel (NASDAQ:MAT) traded up 11.29% during midday trading on Monday, reaching $15.58. 37,035,039 shares of the company’s stock traded hands. Mattel has a 52-week low of $12.71 and a 52-week high of $32.48. The firm’s 50-day moving average is $15.40 and its 200 day moving average is $19.35. The firm has a market cap of $5.34 billion, a PE ratio of 22.35 and a beta of 0.86.
Mattel (NASDAQ:MAT) last issued its earnings results on Thursday, October 26th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.49). The firm had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.82 billion. Mattel had a positive return on equity of 2.51% and a negative net margin of 11.73%. The company’s quarterly revenue was down 13.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.70 EPS. Equities research analysts expect that Mattel will post $0.47 earnings per share for the current fiscal year.
In related news, CEO Mary Margaret Hasti Georgiadis purchased 12,660 shares of Mattel stock in a transaction that occurred on Tuesday, August 1st. The shares were bought at an average price of $19.61 per share, with a total value of $248,262.60. Following the purchase, the chief executive officer now directly owns 116,788 shares of the company’s stock, valued at approximately $2,290,212.68. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.40% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Sentry Investment Management LLC increased its position in Mattel by 0.3% during the 2nd quarter. Sentry Investment Management LLC now owns 25,759 shares of the company’s stock valued at $555,000 after purchasing an additional 67 shares during the period. Louisiana State Employees Retirement System increased its position in Mattel by 1.0% during the 2nd quarter. Louisiana State Employees Retirement System now owns 21,200 shares of the company’s stock valued at $456,000 after purchasing an additional 200 shares during the period. Private Advisor Group LLC increased its position in Mattel by 1.3% during the 2nd quarter. Private Advisor Group LLC now owns 16,306 shares of the company’s stock valued at $341,000 after purchasing an additional 204 shares during the period. Boyd Watterson Asset Management LLC OH increased its position in Mattel by 1.4% during the 2nd quarter. Boyd Watterson Asset Management LLC OH now owns 18,951 shares of the company’s stock valued at $408,000 after purchasing an additional 253 shares during the period. Finally, Simmons Bank increased its position in Mattel by 0.6% during the 2nd quarter. Simmons Bank now owns 55,546 shares of the company’s stock valued at $1,196,000 after purchasing an additional 339 shares during the period. 93.56% of the stock is currently owned by institutional investors and hedge funds.
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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