Mattel, Inc. (NASDAQ:MAT) – Equities researchers at Jefferies Group lowered their FY2017 earnings estimates for shares of Mattel in a report issued on Monday. Jefferies Group analyst S. Wissink now anticipates that the company will post earnings per share of ($0.24) for the year, down from their previous estimate of ($0.18). Jefferies Group has a “Hold” rating and a $14.00 price target on the stock. Jefferies Group also issued estimates for Mattel’s Q1 2018 earnings at ($0.30) EPS, Q2 2018 earnings at ($0.12) EPS, FY2018 earnings at $0.12 EPS, Q1 2019 earnings at ($0.19) EPS and Q2 2019 earnings at $0.00 EPS.
Several other research analysts have also commented on the company. Monness Crespi & Hardt boosted their price objective on Mattel from $22.00 to $27.00 and gave the stock a “buy” rating in a report on Wednesday, October 11th. TheStreet lowered Mattel from a “c” rating to a “d” rating in a report on Thursday, October 26th. BMO Capital Markets boosted their price objective on Mattel from $23.00 to $25.00 and gave the stock an “outperform” rating in a report on Monday, October 30th. BidaskClub lowered Mattel from a “sell” rating to a “strong sell” rating in a research note on Saturday, November 4th. Finally, Stifel Nicolaus cut their target price on Mattel from $17.00 to $14.00 and set a “hold” rating for the company in a research note on Monday, October 30th. One analyst has rated the stock with a sell rating, twelve have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $20.25.
Mattel (NASDAQ:MAT) last issued its quarterly earnings data on Thursday, October 26th. The company reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.49). Mattel had a positive return on equity of 2.51% and a negative net margin of 11.73%. The business had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.82 billion. During the same period in the previous year, the firm posted $0.70 EPS. The firm’s revenue for the quarter was down 13.1% compared to the same quarter last year.
Large investors have recently added to or reduced their stakes in the company. IHT Wealth Management LLC boosted its stake in shares of Mattel by 5,624.1% during the second quarter. IHT Wealth Management LLC now owns 1,660 shares of the company’s stock valued at $302,000 after purchasing an additional 1,631 shares during the period. Highlander Capital Management LLC purchased a new stake in shares of Mattel during the second quarter valued at approximately $105,000. ETF Managers Group LLC purchased a new stake in shares of Mattel during the second quarter valued at approximately $195,000. National Asset Management Inc. purchased a new stake in shares of Mattel during the second quarter valued at approximately $213,000. Finally, Zeke Capital Advisors LLC purchased a new stake in shares of Mattel during the third quarter valued at approximately $163,000. 93.66% of the stock is owned by hedge funds and other 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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