Stock analysts at Jefferies Group dropped coverage on shares of Mattel (NASDAQ:MAT) in a report issued on Monday.
MAT has been the subject of several other research reports. DA Davidson reaffirmed an “underperform” rating and issued a $14.00 target price (down previously from $18.00) on shares of Mattel in a research report on Tuesday, September 12th. KeyCorp reaffirmed a “sector weight” rating on shares of Mattel in a research report on Thursday, August 31st. BidaskClub raised Mattel from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 14th. UBS set a $22.00 target price on Mattel and gave the stock a “buy” rating in a research report on Friday, October 27th. Finally, Monness Crespi & Hardt downgraded Mattel from a “buy” rating to a “neutral” rating in a research report on Tuesday, December 12th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $21.54.
Shares of Mattel (NASDAQ:MAT) traded down $0.64 during midday trading on Monday, hitting $14.84. The stock had a trading volume of 10,036,237 shares, compared to its average volume of 8,004,785. Mattel has a 52 week low of $12.71 and a 52 week high of $31.60. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.32 and a quick ratio of 0.89. The stock has a market capitalization of $5,320.92, a P/E ratio of 103.20 and a beta of 1.00.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Janus Capital Management raised its stake in Mattel by 17.7% during the third quarter. Janus Capital Management now owns 16,109,796 shares of the company’s stock valued at $339,276,000 after buying an additional 2,420,075 shares in the last quarter. Crestpoint Capital Management raised its stake in Mattel by 17.8% during the fourth quarter. Crestpoint Capital Management now owns 18,500 shares of the company’s stock valued at $503,000 after buying an additional 2,800 shares in the last quarter. Franklin Street Advisors raised its stake in Mattel by 12.6% during the fourth quarter. Franklin Street Advisors now owns 107,510 shares of the company’s stock valued at $2,921,000 after buying an additional 12,009 shares in the last quarter. Capstone Asset Management Company raised its stake in Mattel by 1.5% during the fourth quarter. Capstone Asset Management Company now owns 25,363 shares of the company’s stock valued at $689,000 after buying an additional 383 shares in the last quarter. Finally, Chevy Chase Trust Holdings raised its stake in Mattel by 1.1% during the fourth quarter. Chevy Chase Trust Holdings now owns 275,086 shares of the company’s stock valued at $7,474,000 after buying an additional 3,103 shares in the last quarter. 93.86% 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.
