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.

TRADEMARK VIOLATION WARNING: This news story was posted by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another site, it was copied illegally and republished in violation of US and international trademark & copyright law. The original version of this news story can be viewed at https://www.americanbankingnews.com/2017/11/04/mattel-inc-mat-lowered-to-strong-sell-at-bidaskclub.html.

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.

About Mattel

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.

Analyst Recommendations for Mattel (NASDAQ:MAT)

Receive News & Ratings for Mattel Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mattel Inc. and related companies with MarketBeat.com's FREE daily email newsletter.