Mattel, Inc. (NASDAQ:MAT) – Equities research analysts at Jefferies Group reduced their Q4 2017 earnings per share estimates for shares of Mattel in a report issued on Monday. Jefferies Group analyst S. Wissink now forecasts that the company will post earnings of $0.12 per share for the quarter, down from their previous estimate of $0.18. Jefferies Group currently has a “Hold” rating and a $14.00 price target on the stock. Jefferies Group also issued estimates for Mattel’s Q4 2018 earnings at $0.26 EPS, Q3 2019 earnings at $0.47 EPS and Q4 2019 earnings at $0.40 EPS.
Other research analysts have also issued research reports about the company. UBS Group set a $22.00 target price on Mattel and gave the company a “buy” rating in a research report on Friday, October 27th. Monness Crespi & Hardt boosted their target price on Mattel from $22.00 to $27.00 and gave the company a “buy” rating in a research report on Wednesday, October 11th. TheStreet lowered Mattel from a “c” rating to a “d” rating in a research report on Thursday, October 26th. Stifel Nicolaus dropped their target price on Mattel from $19.00 to $17.00 and set a “hold” rating for the company in a research report on Thursday, October 12th. Finally, SunTrust Banks restated a “hold” rating and set a $17.00 target price (down previously from $22.00) on shares of Mattel in a research report on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Mattel currently has a consensus rating of “Hold” and an average target price of $20.25.
Mattel (NASDAQ:MAT) last announced its earnings results on Thursday, October 26th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.49). Mattel had a negative net margin of 11.73% and a positive return on equity of 2.51%. The business had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter last year, the firm earned $0.70 EPS. The firm’s quarterly revenue was down 13.1% on a year-over-year basis.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Thrivent Financial For Lutherans boosted its holdings in shares of Mattel by 3.2% in the second quarter. Thrivent Financial For Lutherans now owns 13,050 shares of the company’s stock valued at $281,000 after purchasing an additional 410 shares during the period. Olstein Capital Management L.P. boosted its holdings in shares of Mattel by 375.4% in the third quarter. Olstein Capital Management L.P. now owns 539,160 shares of the company’s stock valued at $8,346,000 after purchasing an additional 425,760 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Mattel by 20.6% in the third quarter. Bank of New York Mellon Corp now owns 13,201,338 shares of the company’s stock valued at $204,357,000 after purchasing an additional 2,253,399 shares during the period. AE Wealth Management LLC boosted its holdings in shares of Mattel by 36.8% in the third quarter. AE Wealth Management LLC now owns 68,209 shares of the company’s stock valued at $1,056,000 after purchasing an additional 18,349 shares during the period. Finally, Janus Henderson Group PLC boosted its holdings in shares of Mattel by 19,570.6% in the second quarter. Janus Henderson Group PLC now owns 9,617,527 shares of the company’s stock valued at $207,066,000 after purchasing an additional 9,568,634 shares during the period. Hedge funds and other institutional investors own 93.66% of the company’s stock.
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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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