Research analysts at B. Riley started coverage on shares of Mattel (NASDAQ:MAT) in a report issued on Thursday. The firm set a “neutral” rating and a $15.00 price target on the stock. B. Riley’s price target would indicate a potential downside of 0.79% from the company’s previous close.
Other analysts have also recently issued reports about the stock. Stifel Nicolaus lowered their price objective on shares of Mattel from $19.00 to $17.00 and set a “hold” rating for the company in a research note on Thursday, October 12th. BidaskClub cut shares of Mattel from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. Jefferies Group set a $14.00 price objective on shares of Mattel and gave the company a “hold” rating in a research note on Tuesday, December 12th. UBS reissued a “buy” rating and set a $23.00 price objective on shares of Mattel in a research note on Saturday, September 16th. Finally, DA Davidson lowered their price objective on shares of Mattel from $14.00 to $13.00 and set an “underperform” rating for the company in a research note on Friday, September 22nd. One analyst has rated the stock with a sell rating, eleven have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $20.25.
Shares of Mattel (NASDAQ MAT) opened at $15.12 on Thursday. The company has a market cap of $5,190.31, a P/E ratio of 100.67 and a beta of 1.00. 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 12 month low of $12.71 and a 12 month high of $31.60.
Several institutional investors have recently modified their holdings of the company. Steward Partners Investment Advisory LLC acquired a new stake in shares of Mattel in the 3rd quarter valued at about $375,000. Coastline Trust Co raised its stake in shares of Mattel by 44.4% in the 3rd quarter. Coastline Trust Co now owns 20,360 shares of the company’s stock valued at $315,000 after purchasing an additional 6,260 shares in the last quarter. California Public Employees Retirement System raised its stake in shares of Mattel by 11.3% in the 3rd quarter. California Public Employees Retirement System now owns 995,075 shares of the company’s stock valued at $15,404,000 after purchasing an additional 100,722 shares in the last quarter. Vident Investment Advisory LLC acquired a new stake in shares of Mattel in the 3rd quarter valued at about $236,000. Finally, Chevy Chase Trust Holdings Inc. raised its stake in shares of Mattel by 1.3% in the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 298,913 shares of the company’s stock valued at $4,627,000 after purchasing an additional 3,801 shares in the last quarter. Institutional investors and hedge funds own 93.67% 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.
