Mattel (MAT) PT Lowered to $14.00

Mattel (NASDAQ:MAT) had its price objective dropped by research analysts at Stifel Nicolaus from $34.00 to $14.00 in a research note issued to investors on Wednesday. The brokerage presently has a “hold” rating on the stock. Stifel Nicolaus’ target price would suggest a potential downside of 4.24% from the stock’s current price.

Several other research analysts have also issued reports on MAT. KeyCorp reaffirmed a “sector weight” rating on shares of Mattel in a research report on Thursday, August 31st. Jefferies Group reaffirmed a “hold” rating and set a $17.00 target price on shares of Mattel in a research report on Thursday, September 7th. DA Davidson reaffirmed an “underperform” rating and set a $14.00 target price (down from $18.00) on shares of Mattel in a research report on Tuesday, September 12th. BidaskClub raised Mattel from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 14th. Finally, UBS reiterated a “buy” rating and set a $23.00 price target on shares of Mattel in a report on Saturday, September 16th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $21.54.

Mattel (NASDAQ:MAT) opened at $14.62 on Wednesday. The stock has a market capitalization of $5,283.12, a price-to-earnings ratio of 102.47, a P/E/G ratio of 39.52 and a beta of 1.00. The company has a current ratio of 1.32, a quick ratio of 0.89 and a debt-to-equity ratio of 1.31. Mattel has a 12-month low of $12.71 and a 12-month high of $31.60.

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). The company had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.82 billion. Mattel had a positive return on equity of 2.51% and a negative net margin of 11.73%. The firm’s revenue for the quarter was down 13.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.70 earnings per share. equities research analysts anticipate that Mattel will post 0.04 earnings per share for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the company. Janus Capital Management lifted its position in shares of Mattel by 17.7% during the 3rd quarter. Janus Capital Management now owns 16,109,796 shares of the company’s stock worth $339,276,000 after buying an additional 2,420,075 shares in the last quarter. Crestpoint Capital Management lifted its position in shares of Mattel by 17.8% during the 4th quarter. Crestpoint Capital Management now owns 18,500 shares of the company’s stock worth $503,000 after buying an additional 2,800 shares in the last quarter. Franklin Street Advisors lifted its position in shares of Mattel by 12.6% during the 4th quarter. Franklin Street Advisors now owns 107,510 shares of the company’s stock worth $2,921,000 after buying an additional 12,009 shares in the last quarter. Capstone Asset Management Company lifted its position in shares of Mattel by 1.5% during the 4th quarter. Capstone Asset Management Company now owns 25,363 shares of the company’s stock worth $689,000 after buying an additional 383 shares in the last quarter. Finally, Chevy Chase Trust Holdings lifted its position in shares of Mattel by 1.1% during the 4th quarter. Chevy Chase Trust Holdings now owns 275,086 shares of the company’s stock worth $7,474,000 after buying an additional 3,103 shares in the last quarter. Institutional investors own 93.86% of the company’s stock.

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About Mattel

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.