Shares of Mattel, Inc. (NASDAQ:MAT) have earned a consensus rating of “Hold” from the eighteen ratings firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $21.46.

Several equities research analysts have issued reports on the company. Stifel Nicolaus dropped their price objective on Mattel from $19.00 to $17.00 and set a “hold” rating on the stock in a report on Thursday, October 12th. UBS restated a “buy” rating and set a $23.00 price objective on shares of Mattel in a report on Saturday, September 16th. BidaskClub downgraded Mattel from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. DA Davidson downgraded Mattel from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $22.00 to $18.00 in a report on Thursday, August 3rd. Finally, Monness Crespi & Hardt lifted their price objective on Mattel from $22.00 to $27.00 and gave the stock a “buy” rating in a report on Wednesday, October 11th.

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Mattel by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 34,329,879 shares of the company’s stock worth $739,123,000 after acquiring an additional 662,676 shares in the last quarter. Parnassus Investments CA grew its position in shares of Mattel by 92.5% in the 3rd quarter. Parnassus Investments CA now owns 16,064,364 shares of the company’s stock worth $248,676,000 after acquiring an additional 7,719,364 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Mattel by 20.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 13,201,338 shares of the company’s stock worth $204,357,000 after acquiring an additional 2,253,399 shares in the last quarter. American Century Companies Inc. grew its position in shares of Mattel by 91.6% in the 2nd quarter. American Century Companies Inc. now owns 9,958,114 shares of the company’s stock worth $214,398,000 after acquiring an additional 4,759,608 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its position 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 during the period. Institutional investors own 93.85% of the company’s stock.

Shares of Mattel (NASDAQ MAT) traded down $0.99 during trading hours on Friday, hitting $17.26. The company had a trading volume of 9,681,883 shares, compared to its average volume of 7,942,257. The stock has a market cap of $5,930.00, a P/E ratio of 121.60, a P/E/G ratio of 46.90 and a beta of 0.88. The company has a current ratio of 1.32, a quick ratio of 0.89 and a debt-to-equity ratio of 1.31. Mattel has a 1-year low of $12.71 and a 1-year high of $31.60.

Mattel (NASDAQ:MAT) last announced its 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). Mattel had a negative net margin of 11.73% and a positive return on equity of 2.51%. The company had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter in the previous year, the business posted $0.70 earnings per share. The business’s quarterly revenue was down 13.1% compared to the same quarter last year. equities research analysts expect that Mattel will post 0.04 EPS for the current year.

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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)

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