Mattel (NASDAQ:MAT) was downgraded by investment analysts at Monness Crespi & Hardt from a “buy” rating to a “neutral” rating in a report issued on Tuesday, Marketbeat Ratings reports.
Other equities analysts have also issued reports about the stock. BidaskClub upgraded shares of Mattel from a “strong sell” rating to a “sell” rating in a research report on Wednesday, November 15th. Jefferies Group set a $17.00 price target on shares of Mattel and gave the company a “hold” rating in a research report on Saturday, December 2nd. Stifel Nicolaus reiterated a “hold” rating and set a $19.00 target price on shares of Mattel in a research report on Tuesday, September 5th. KeyCorp reiterated a “sector weight” rating on shares of Mattel in a research report on Thursday, August 31st. Finally, UBS reiterated a “buy” rating and set a $23.00 target price on shares of Mattel in a research report on Saturday, September 16th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Mattel has a consensus rating of “Hold” and an average price target of $21.54.
Shares of Mattel (MAT) traded down $0.76 on Tuesday, reaching $15.48. 16,339,819 shares of the company traded hands, compared to its average volume of 11,150,000. The company has a market cap of $5,320.00, a P/E ratio of 103.20 and a beta of 1.00. Mattel has a 12-month low of $12.71 and a 12-month high of $31.60. The company has a quick ratio of 0.89, a current ratio of 1.32 and a debt-to-equity ratio of 1.31.
Institutional investors and hedge funds have recently modified their holdings of the company. Highlander Capital Management LLC bought a new position in Mattel in the 2nd quarter valued at about $105,000. Penserra Capital Management LLC boosted its stake in shares of Mattel by 26.6% in the 2nd quarter. Penserra Capital Management LLC now owns 6,117 shares of the company’s stock valued at $131,000 after purchasing an additional 1,287 shares in the last quarter. Zeke Capital Advisors LLC acquired a new stake in shares of Mattel in the 3rd quarter valued at approximately $163,000. Hartland & Co. LLC acquired a new stake in shares of Mattel in the 3rd quarter valued at approximately $165,000. Finally, ETF Managers Group LLC acquired a new stake in shares of Mattel in the 2nd quarter valued at approximately $195,000. 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.
