StockNews.com Downgrades Mattel (NASDAQ:MAT) to Hold

Mattel (NASDAQ:MAT) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.

Several other equities research analysts have also recently commented on the stock. Morgan Stanley boosted their price target on shares of Mattel from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. DA Davidson reiterated a “buy” rating and set a $27.00 price objective on shares of Mattel in a research note on Thursday, October 24th. Bank of America increased their price target on shares of Mattel from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Jefferies Financial Group upped their price objective on Mattel from $18.25 to $20.00 and gave the company a “hold” rating in a research note on Tuesday, October 1st. Finally, JPMorgan Chase & Co. boosted their target price on Mattel from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $23.75.

Mattel Trading Up 0.4 %

MAT opened at $17.94 on Wednesday. The company has a current ratio of 2.45, a quick ratio of 1.88 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $6.04 billion, a P/E ratio of 11.21, a P/E/G ratio of 0.88 and a beta of 0.75. Mattel has a 12 month low of $15.87 and a 12 month high of $20.59. The firm’s fifty day simple moving average is $18.57 and its 200 day simple moving average is $18.61.

Mattel (NASDAQ:MAT) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.19. The company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.86 billion. Mattel had a net margin of 10.24% and a return on equity of 25.39%. The firm’s revenue was down 3.9% compared to the same quarter last year. During the same period last year, the company earned $1.08 earnings per share. As a group, research analysts anticipate that Mattel will post 1.46 EPS for the current fiscal year.

Institutional Trading of Mattel

Several hedge funds have recently added to or reduced their stakes in MAT. Nisa Investment Advisors LLC increased its position in Mattel by 2.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 25,795 shares of the company’s stock worth $491,000 after buying an additional 693 shares during the period. GAMMA Investing LLC grew its stake in shares of Mattel by 26.6% in the fourth quarter. GAMMA Investing LLC now owns 3,541 shares of the company’s stock valued at $63,000 after acquiring an additional 744 shares in the last quarter. State of Alaska Department of Revenue increased its position in Mattel by 3.0% during the third quarter. State of Alaska Department of Revenue now owns 39,484 shares of the company’s stock worth $752,000 after acquiring an additional 1,160 shares during the period. KBC Group NV increased its position in Mattel by 13.8% during the third quarter. KBC Group NV now owns 10,166 shares of the company’s stock worth $194,000 after acquiring an additional 1,229 shares during the period. Finally, UMB Bank n.a. raised its stake in Mattel by 584.3% in the 3rd quarter. UMB Bank n.a. now owns 1,485 shares of the company’s stock worth $28,000 after purchasing an additional 1,268 shares in the last quarter. 97.15% of the stock is owned by institutional investors and hedge funds.

Mattel Company Profile

Mattel, Inc, a toy and family entertainment company, designs, manufactures, and markets toys and consumer products in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, as well as books, content, gaming, and lifestyle products for children under the Barbie, American Girl, Disney Princess and Disney Frozen, Monster High, and Polly Pocket brands; die-cast vehicles, tracks, playsets, and accessories for kids, adults, and collectors under the Hot Wheels, Hot Wheels Monster Trucks, Hot Wheels Mario Kart, Matchbox, and Cars brand names; and infant, toddler, and preschool products comprising content, toys, live events, and other consumer products under the Fisher-Price, Little People and Imaginext, and Thomas & Friends, and Power wheels brands.