Mattel, Inc. (NASDAQ:MAT) has received an average recommendation of “Hold” from the nineteen analysts that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $19.63.
A number of analysts have weighed in on the stock. ValuEngine downgraded shares of Mattel from a “hold” rating to a “sell” rating in a research report on Friday, October 27th. DA Davidson decreased their target price on shares of Mattel from $14.00 to $13.00 and set an “underperform” rating for the company in a research report on Friday, September 22nd. BidaskClub raised shares of Mattel from a “strong sell” rating to a “sell” rating in a research report on Wednesday, November 15th. Stifel Nicolaus reaffirmed a “hold” rating and set a $14.00 price objective (down previously from $34.00) on shares of Mattel in a research report on Wednesday, December 13th. Finally, TheStreet downgraded shares of Mattel from a “c” rating to a “d” rating in a research report on Thursday, October 26th.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Thrivent Financial For Lutherans raised its stake in shares of 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 purchasing an additional 410 shares during the period. Olstein Capital Management L.P. increased its holdings in Mattel by 375.4% in 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 during the last quarter. Bank of New York Mellon Corp increased its holdings in 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 during the last quarter. AE Wealth Management LLC increased its holdings in Mattel by 36.8% in the 3rd quarter. AE Wealth Management LLC now owns 68,209 shares of the company’s stock worth $1,056,000 after acquiring an additional 18,349 shares during the last quarter. Finally, Janus Henderson Group PLC increased its holdings in Mattel by 19,570.6% in the 2nd quarter. Janus Henderson Group PLC now owns 9,617,527 shares of the company’s stock worth $207,066,000 after acquiring an additional 9,568,634 shares during the last quarter.
Mattel (NASDAQ:MAT) last released its earnings results on Thursday, October 26th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.49). The firm had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.82 billion. Mattel had a negative net margin of 11.73% and a positive return on equity of 2.51%. The business’s revenue for the quarter was down 13.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.70 EPS. research analysts expect that Mattel will post -0.16 EPS for the current fiscal year.
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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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