Mattel, Inc. (MAT) Lowered to Strong Sell at BidaskClub
Mattel, Inc. (NASDAQ:MAT) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued to investors on Saturday.
Other equities research analysts also recently issued research reports about the stock. UBS Group AG (USA) set a $26.00 price objective on shares of Mattel and gave the stock a “buy” rating in a report on Friday, July 28th. Monness Crespi & Hardt upped their price objective on shares of Mattel from $22.00 to $27.00 and gave the stock a “buy” rating in a report on Wednesday, October 11th. TheStreet downgraded shares of Mattel from a “c” rating to a “d” rating in a report on Thursday, October 26th. SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $17.00 price objective (down previously from $22.00) on shares of Mattel in a report on Tuesday, October 10th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $17.00 price objective on shares of Mattel in a report on Thursday, September 7th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $21.46.
Mattel (MAT) traded up $0.08 during trading on Friday, hitting $13.12. 12,910,000 shares of the stock traded hands, compared to its average volume of 13,560,000. The company has a market capitalization of $4,510.00, a price-to-earnings ratio of 86.93, a P/E/G ratio of 27.94 and a beta of 0.88. The company has a quick ratio of 0.89, a current ratio of 1.32 and a debt-to-equity ratio of 1.31. Mattel has a fifty-two week low of $12.71 and a fifty-two week high of $32.48.
Mattel (NASDAQ:MAT) last released its quarterly earnings results on Thursday, October 26th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.49). The firm had revenue of $1.56 billion for 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 firm’s 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. research analysts expect that Mattel will post 0.05 earnings per share for the current year.
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A number of hedge funds have recently bought and sold shares of the business. FDx Advisors Inc. lifted its stake in Mattel by 23.3% during the third quarter. FDx Advisors Inc. now owns 147,357 shares of the company’s stock valued at $2,281,000 after buying an additional 27,819 shares in the last quarter. Alps Advisors Inc. lifted its stake in Mattel by 41.3% during the third quarter. Alps Advisors Inc. now owns 2,972,551 shares of the company’s stock valued at $46,015,000 after buying an additional 868,577 shares in the last quarter. Parnassus Investments CA lifted its stake in Mattel by 92.5% during the third quarter. Parnassus Investments CA now owns 16,064,364 shares of the company’s stock valued at $248,676,000 after buying an additional 7,719,364 shares in the last quarter. State of Wisconsin Investment Board lifted its stake in Mattel by 6.3% during the third quarter. State of Wisconsin Investment Board now owns 317,699 shares of the company’s stock valued at $4,918,000 after buying an additional 18,727 shares in the last quarter. Finally, Brookstone Capital Management lifted its stake in Mattel by 24.1% during the third quarter. Brookstone Capital Management now owns 343,093 shares of the company’s stock valued at $5,311,000 after buying an additional 66,589 shares in the last quarter. 93.56% of the stock is owned by institutional investors.
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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