Mattel (MAT) – Research Analysts’ Weekly Ratings Changes

A number of research firms have changed their ratings and price targets for Mattel (NASDAQ: MAT):

  • 2/7/2018 – Mattel was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 2/6/2018 – Mattel had its price target raised by analysts at Citigroup Inc from $19.00 to $20.00. They now have a “buy” rating on the stock.
  • 2/5/2018 – Mattel had its price target raised by analysts at Barclays PLC from $15.00 to $16.00. They now have an “equal weight” rating on the stock.
  • 1/29/2018 – Mattel had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $16.00 price target on the stock.
  • 1/13/2018 – Mattel was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 12/26/2017 – Mattel was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “Mattel’s shares have underperformed the industry year to date. Current-quarter and year estimates revisions have also gone down drastically over the past 60 days. The recent Toys "R" Us bankruptcy was a significant drag on the last reported quarter’s revenues and profits and may continue to be so in the near-term. Also, sluggish performance of certain segments and brands along with loss of Disney deal has added to its woes. A challenging retail environment for toys is further hampering the company’s performance. Even so, Mattel expects its Cars franchise, strategic investments in emerging markets and key power brands — Barbie, Hot Wheels and Fisher-Price — to drive growth. However, various headwinds to revenue & margin growth remain a major cause of concern.The recent dividend suspension might also not go down well with the investors and in turn hurt the company’s stock-price performance.”
  • 12/22/2017 – Mattel was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 12/21/2017 – Mattel is now covered by analysts at B. Riley. They set a “neutral” rating and a $15.00 price target on the stock.
  • 12/18/2017 – Mattel is no longer covered by analysts at Jefferies Group LLC.

Mattel, Inc. (NASDAQ MAT) traded up $0.09 during trading hours on Monday, hitting $17.36. The stock had a trading volume of 6,666,094 shares, compared to its average volume of 6,948,234. The firm has a market capitalization of $5,936.21, a price-to-earnings ratio of -5.67, a P/E/G ratio of 14.42 and a beta of 1.01. The company has a debt-to-equity ratio of 2.28, a quick ratio of 1.55 and a current ratio of 1.92. Mattel, Inc. has a 1-year low of $12.71 and a 1-year high of $26.30.

Mattel (NASDAQ:MAT) last announced its quarterly earnings data on Thursday, February 1st. The company reported ($0.72) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.93). Mattel had a negative return on equity of 21.37% and a negative net margin of 21.59%. The business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same period in the prior year, the company earned $0.52 EPS. The company’s revenue was down 12.2% on a year-over-year basis. analysts expect that Mattel, Inc. will post 0.13 earnings per share for the current fiscal year.

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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