Mattel, Inc. (NASDAQ:MAT) – Research analysts at B. Riley cut their FY2019 EPS estimates for shares of Mattel in a note issued to investors on Wednesday, October 17th, Zacks Investment Research reports. B. Riley analyst S. Anderson now forecasts that the company will post earnings of $0.40 per share for the year, down from their previous forecast of $0.51.
MAT has been the topic of several other research reports. Zacks Investment Research raised Mattel from a “sell” rating to a “hold” rating in a research report on Wednesday, September 19th. Citigroup cut their target price on Mattel from $19.00 to $16.00 and set a “buy” rating on the stock in a research report on Tuesday, October 30th. Jefferies Financial Group set a $13.00 target price on Mattel and gave the company a “hold” rating in a research report on Sunday, October 28th. ValuEngine raised Mattel from a “hold” rating to a “buy” rating in a research report on Thursday, August 2nd. Finally, BidaskClub downgraded Mattel from a “hold” rating to a “sell” rating in a research report on Wednesday, October 24th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company’s stock. Mattel has a consensus rating of “Hold” and a consensus target price of $15.22.
Mattel (NASDAQ:MAT) last released its quarterly earnings data on Thursday, October 25th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.02). The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.51 billion. Mattel had a negative return on equity of 65.25% and a negative net margin of 17.99%.
Hedge funds and other institutional investors have recently modified their holdings of the stock. DekaBank Deutsche Girozentrale raised its stake in Mattel by 37.2% in the third quarter. DekaBank Deutsche Girozentrale now owns 71,424 shares of the company’s stock valued at $1,123,000 after buying an additional 19,369 shares during the last quarter. CIBC World Markets Inc. purchased a new stake in Mattel in the third quarter valued at about $762,000. American International Group Inc. raised its stake in Mattel by 5.5% in the third quarter. American International Group Inc. now owns 148,828 shares of the company’s stock valued at $2,337,000 after buying an additional 7,735 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Mattel by 3.2% in the third quarter. Bank of New York Mellon Corp now owns 2,584,759 shares of the company’s stock valued at $40,582,000 after buying an additional 79,991 shares during the last quarter. Finally, Janus Henderson Group PLC raised its stake in Mattel by 35.8% in the third quarter. Janus Henderson Group PLC now owns 172,498 shares of the company’s stock valued at $2,709,000 after buying an additional 45,436 shares during the last quarter.
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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