Mattel (MAT) PT Set at $17.00 by Jefferies Group

Mattel (NASDAQ:MAT) has been assigned a $17.00 price target by equities research analysts at Jefferies Group in a research report issued on Saturday. The firm presently has a “hold” rating on the stock. Jefferies Group’s price objective would suggest a potential downside of 1.51% from the company’s previous close.

MAT has been the subject of a number of other reports. DA Davidson reiterated an “underperform” rating and set a $14.00 price objective (down from $18.00) on shares of Mattel in a research note on Tuesday, September 12th. KeyCorp restated a “sector weight” rating on shares of Mattel in a research note on Thursday, August 31st. BidaskClub upgraded Mattel from a “strong sell” rating to a “sell” rating in a research note on Thursday, September 14th. UBS set a $22.00 price target on Mattel and gave the stock a “buy” rating in a research note on Friday, October 27th. Finally, TheStreet downgraded Mattel from a “c” rating to a “d” rating in a research note on Thursday, October 26th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $21.79.

Shares of Mattel (NASDAQ:MAT) traded down $0.99 during trading hours on Friday, hitting $17.26. The company had a trading volume of 9,680,000 shares, compared to its average volume of 11,618,164. The company has a market cap of $5,932.76, a P/E ratio of 115.07, a PEG ratio of 44.38 and a beta of 0.99. 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 52 week low of $12.71 and a 52 week high of $31.60.

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). The company had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.82 billion. Mattel had a negative net margin of 11.73% and a positive return on equity of 2.51%. The company’s revenue was down 13.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.70 earnings per share. research analysts predict that Mattel will post 0.04 EPS for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of MAT. Highlander Capital Management LLC bought a new position in shares of Mattel during the 2nd quarter valued at approximately $105,000. Penserra Capital Management LLC boosted its position in shares of Mattel by 26.6% during the 2nd quarter. Penserra Capital Management LLC now owns 6,117 shares of the company’s stock valued at $131,000 after acquiring an additional 1,287 shares during the last quarter. Zeke Capital Advisors LLC bought a new position in shares of Mattel during the 3rd quarter valued at approximately $163,000. Hartland & Co. LLC bought a new position in shares of Mattel during the 3rd quarter valued at approximately $165,000. Finally, ETF Managers Group LLC bought a new position in shares of Mattel during the 2nd quarter valued at approximately $195,000. Hedge funds and other institutional investors own 93.85% of the company’s stock.

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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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