Mattel, Inc. (MAT) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Mattel, Inc. (NASDAQ:MAT) have been given an average rating of “Hold” by the nineteen analysts that are presently covering the stock, Marketbeat reports. Thirteen research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $18.27.

A number of brokerages have recently commented on MAT. BidaskClub raised shares of Mattel from a “sell” rating to a “hold” rating in a research report on Wednesday, February 7th. Citigroup raised their target price on shares of Mattel from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, February 6th. Barclays raised their target price on shares of Mattel from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Monday, February 5th. Stifel Nicolaus reaffirmed a “hold” rating and set a $16.00 target price on shares of Mattel in a research report on Monday, January 29th. Finally, Zacks Investment Research raised shares of Mattel from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 26th.

Shares of Mattel (NASDAQ:MAT) traded down $1.00 during midday trading on Wednesday, reaching $16.36. 4,096,000 shares of the company’s stock traded hands, compared to its average volume of 6,644,120. The company has a current ratio of 1.92, a quick ratio of 1.55 and a debt-to-equity ratio of 2.28. The company has a market capitalization of $5,620.00, a P/E ratio of -5.35, a P/E/G ratio of 14.49 and a beta of 1.00. Mattel has a twelve month low of $12.71 and a twelve month 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 (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.93). The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.69 billion. Mattel had a negative return on equity of 21.37% and a negative net margin of 21.59%. The firm’s revenue for the quarter was down 12.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.52 EPS. research analysts predict that Mattel will post 0.13 earnings per share for the current fiscal year.

Hedge funds have recently modified their holdings of the stock. Calton & Associates Inc. purchased a new position in Mattel during the fourth quarter valued at approximately $112,000. Zeke Capital Advisors LLC purchased a new position in Mattel during the third quarter valued at approximately $163,000. Hartland & Co. LLC purchased a new position in Mattel during the third quarter valued at approximately $165,000. Virtu Financial LLC purchased a new position in Mattel during the fourth quarter valued at approximately $187,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in Mattel during the fourth quarter valued at approximately $206,000. 93.86% of the stock is currently owned by 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.

Analyst Recommendations for Mattel (NASDAQ:MAT)

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