Mattel (MAT) Cut to “Sell” at Cfra

Mattel (NASDAQ:MAT) was downgraded by investment analysts at Cfra to a “sell” rating in a report released on Friday. They presently have a $13.00 price target on the stock. Cfra’s price target would indicate a potential downside of 14.47% from the stock’s current price.

Several other analysts have also issued reports on the stock. DA Davidson reduced their price target on shares of Mattel from $14.00 to $13.00 and set a “neutral” rating on the stock in a research report on Friday, October 26th. BidaskClub lowered shares of Mattel from a “hold” rating to a “sell” rating in a research report on Wednesday, October 24th. Jefferies Financial Group set a $13.00 price target on shares of Mattel and gave the stock a “hold” rating in a research report on Sunday, October 28th. Barclays reduced their price target on shares of Mattel from $11.00 to $10.00 and set an “underweight” rating on the stock in a research report on Wednesday, November 14th. Finally, SunTrust Banks reiterated a “hold” rating and set a $13.00 price target on shares of Mattel in a research report on Monday, December 24th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $14.08.

Shares of NASDAQ:MAT traded up $2.84 on Friday, reaching $15.20. 2,061,637 shares of the company’s stock were exchanged, compared to its average volume of 3,516,521. Mattel has a twelve month low of $9.09 and a twelve month high of $18.02. The firm has a market cap of $4.31 billion, a PE ratio of -14.08, a PEG ratio of 93.68 and a beta of 1.38. The company has a quick ratio of 1.21, a current ratio of 1.70 and a debt-to-equity ratio of 4.28.

Mattel (NASDAQ:MAT) last announced its earnings results on Thursday, February 7th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.11) by $0.15. Mattel had a negative net margin of 17.99% and a negative return on equity of 65.25%. The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the prior year, the business posted ($0.72) EPS. The business’s revenue was down 5.4% compared to the same quarter last year. On average, research analysts expect that Mattel will post -1.07 EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in the company. Bollard Group LLC raised its stake in Mattel by 1.2% during the second quarter. Bollard Group LLC now owns 4,078 shares of the company’s stock worth $128,000 after buying an additional 48 shares during the last quarter. Moody National Bank Trust Division raised its stake in Mattel by 0.3% during the first quarter. Moody National Bank Trust Division now owns 20,672 shares of the company’s stock worth $529,000 after buying an additional 57 shares during the last quarter. Sentry Investment Management LLC raised its stake in Mattel by 0.3% during the second quarter. Sentry Investment Management LLC now owns 25,759 shares of the company’s stock worth $555,000 after buying an additional 67 shares during the last quarter. Cleararc Capital Inc. raised its stake in Mattel by 0.8% during the first quarter. Cleararc Capital Inc. now owns 8,394 shares of the company’s stock worth $215,000 after buying an additional 69 shares during the last quarter. Finally, M Holdings Securities Inc. raised its stake in Mattel by 1.0% during the second quarter. M Holdings Securities Inc. now owns 9,109 shares of the company’s stock worth $285,000 after buying an additional 87 shares during the last quarter.

Mattel Company Profile

Mattel, Inc designs, manufactures, and markets a range of toy products worldwide. The company operates in three segments: North America, International, and American Girl. It offers Mattel Girls & Boys branded products, including Barbie dolls and accessories, Monster High, DC Super Hero Girls, Enchantimals, Polly Pocket, Hot Wheels and Matchbox vehicles and play sets, CARS, DC Comics, WWE Wrestling, Minecraft, Toy Story, and games and puzzles.

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Analyst Recommendations for Mattel (NASDAQ:MAT)

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