Mattel (MAT) Given a $14.00 Price Target by Jefferies Group Analysts
Mattel (NASDAQ:MAT) received a $14.00 target price from stock analysts at Jefferies Group in a research note issued on Tuesday. The brokerage currently has a “hold” rating on the stock. Jefferies Group’s price target would indicate a potential downside of 4.24% from the company’s current price. Jefferies Group also issued estimates for Mattel’s Q4 2017 earnings at $0.27 EPS, Q4 2018 earnings at $0.34 EPS, FY2018 earnings at $0.20 EPS, Q2 2019 earnings at $0.00 EPS, Q3 2019 earnings at $0.44 EPS and FY2019 earnings at $0.68 EPS.
A number of other equities research analysts also recently issued reports on the stock. Monness Crespi & Hardt downgraded shares of Mattel from a “buy” rating to a “neutral” rating in a research note on Tuesday. BidaskClub downgraded shares of Mattel from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. ValuEngine raised shares of Mattel from a “sell” rating to a “hold” rating in a research note on Tuesday, November 14th. DA Davidson raised shares of Mattel from an “underperform” rating to a “neutral” rating and set a $12.00 target price on the stock in a research note on Friday, November 3rd. Finally, BMO Capital Markets increased their target price on shares of Mattel from $23.00 to $25.00 and gave the company an “outperform” rating in a research note on Monday, October 30th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Mattel has an average rating of “Hold” and an average target price of $21.54.
Mattel (NASDAQ MAT) traded down $0.75 during trading on Tuesday, reaching $14.62. 9,017,481 shares of the company were exchanged, compared to its average volume of 7,943,957. The stock has a market capitalization of $5,169.69, a P/E ratio of 100.27, a price-to-earnings-growth ratio of 38.67 and a beta of 1.00. 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 released its quarterly earnings results 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 business had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.82 billion. Mattel had a negative net margin of 11.73% and a positive return on equity of 2.51%. Mattel’s revenue for the quarter was down 13.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.70 EPS. sell-side analysts anticipate that Mattel will post 0.04 EPS for the current year.
A number of hedge funds have recently bought and sold shares of MAT. Intact Investment Management Inc. grew its holdings in Mattel by 14.0% during the 2nd quarter. Intact Investment Management Inc. now owns 93,100 shares of the company’s stock worth $2,004,000 after acquiring an additional 11,400 shares in the last quarter. Thrivent Financial For Lutherans grew its holdings in Mattel by 3.2% during the 2nd quarter. Thrivent Financial For Lutherans now owns 13,050 shares of the company’s stock worth $281,000 after acquiring an additional 410 shares in the last quarter. Aberdeen Asset Management PLC UK grew its holdings in Mattel by 43.8% during the 2nd quarter. Aberdeen Asset Management PLC UK now owns 147,083 shares of the company’s stock worth $3,167,000 after acquiring an additional 44,802 shares in the last quarter. State of Wisconsin Investment Board grew its holdings in Mattel by 31.1% during the 2nd quarter. State of Wisconsin Investment Board now owns 298,972 shares of the company’s stock worth $6,437,000 after acquiring an additional 70,840 shares in the last quarter. Finally, Olstein Capital Management L.P. grew its holdings in Mattel by 375.4% during the 3rd quarter. Olstein Capital Management L.P. now owns 539,160 shares of the company’s stock worth $8,346,000 after acquiring an additional 425,760 shares in the last quarter. 93.86% of the stock is currently owned by institutional investors.
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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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