Shares of Mattel, Inc. (NASDAQ:MAT) have been given a consensus rating of “Hold” by the fifteen brokerages that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $16.75.
A number of research firms recently weighed in on MAT. UBS Group lowered their price target on Mattel from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Thursday, March 29th. Stifel Nicolaus lowered their price target on Mattel from $15.50 to $14.00 and set a “hold” rating on the stock in a report on Wednesday, April 4th. Jefferies Financial Group upgraded Mattel from an “underperform” rating to a “hold” rating and set a $13.00 price target on the stock in a report on Wednesday, April 11th. BidaskClub upgraded Mattel from a “strong sell” rating to a “sell” rating in a report on Friday, April 13th. Finally, BMO Capital Markets upped their price target on Mattel from $17.00 to $20.00 and gave the stock an “outperform” rating in a report on Monday, April 30th.
A number of large investors have recently made changes to their positions in the business. Franklin Resources Inc. grew its holdings in Mattel by 729.2% during the 1st quarter. Franklin Resources Inc. now owns 25,812,527 shares of the company’s stock valued at $339,438,000 after buying an additional 22,699,590 shares during the last quarter. Fairpointe Capital LLC boosted its holdings in shares of Mattel by 1.3% during the fourth quarter. Fairpointe Capital LLC now owns 10,178,283 shares of the company’s stock worth $156,542,000 after purchasing an additional 129,516 shares during the last quarter. Ardevora Asset Management LLP boosted its holdings in shares of Mattel by 1.3% during the first quarter. Ardevora Asset Management LLP now owns 2,311,192 shares of the company’s stock worth $30,392,000 after purchasing an additional 30,000 shares during the last quarter. Guggenheim Capital LLC boosted its holdings in shares of Mattel by 2.6% during the first quarter. Guggenheim Capital LLC now owns 2,274,830 shares of the company’s stock worth $29,914,000 after purchasing an additional 56,760 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Mattel by 4.9% during the first quarter. American Century Companies Inc. now owns 2,157,182 shares of the company’s stock worth $28,367,000 after purchasing an additional 101,369 shares during the last quarter.
Mattel (NASDAQ:MAT) last issued its earnings results on Thursday, April 26th. The company reported ($0.60) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.21). The business had revenue of $708.40 million for the quarter, compared to analysts’ expectations of $687.70 million. Mattel had a negative return on equity of 32.79% and a negative net margin of 25.79%. The business’s quarterly revenue was down 3.7% on a year-over-year basis. During the same period last year, the company posted ($0.32) earnings per share. equities analysts forecast that Mattel will post -0.57 earnings per share for the current fiscal year.
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.
Further Reading: Closed-End Mutual Funds
Receive News & Ratings for Mattel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mattel and related companies with MarketBeat.com's FREE daily email newsletter.