Mattel Inc (MAT) Receives Average Rating of “Hold” from Brokerages

Shares of Mattel Inc (NASDAQ:MAT) have received an average recommendation of “Hold” from the sixteen research firms that are covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $14.46.

MAT has been the topic of a number of research reports. ValuEngine upgraded Mattel from a “hold” rating to a “buy” rating in a research note on Wednesday, February 13th. Zacks Investment Research upgraded Mattel from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Wednesday, February 13th. Stifel Nicolaus restated a “hold” rating and set a $15.00 price target on shares of Mattel in a research note on Thursday, February 14th. BidaskClub upgraded Mattel from a “sell” rating to a “hold” rating in a research note on Wednesday, February 13th. Finally, SunTrust Banks restated a “hold” rating and set a $13.00 price target on shares of Mattel in a research note on Monday, December 24th.

Shares of NASDAQ MAT traded down $0.03 during midday trading on Friday, hitting $13.00. 3,086,591 shares of the company’s stock were exchanged, compared to its average volume of 6,522,299. The firm has a market capitalization of $4.55 billion, a PE ratio of -11.40 and a beta of 1.48. The company has a debt-to-equity ratio of 4.26, a quick ratio of 1.44 and a current ratio of 1.88. Mattel has a twelve month low of $9.09 and a twelve month high of $17.98.

Mattel (NASDAQ:MAT) last released its quarterly earnings results on Thursday, February 7th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.15. The firm had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.44 billion. Mattel had a negative return on equity of 43.47% and a negative net margin of 11.77%. The firm’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter last year, the business posted ($0.72) EPS. On average, sell-side analysts forecast that Mattel will post -0.37 earnings per share for the current fiscal year.

In other Mattel news, EVP Michael J. Eilola sold 10,904 shares of Mattel stock in a transaction that occurred on Monday, February 11th. The stock was sold at an average price of $15.72, for a total value of $171,410.88. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Roger Lynch bought 8,000 shares of the stock in a transaction on Tuesday, February 19th. The stock was bought at an average price of $13.50 per share, for a total transaction of $108,000.00. Following the completion of the purchase, the director now directly owns 8,000 shares in the company, valued at approximately $108,000. The disclosure for this purchase can be found here. Insiders acquired a total of 129,425 shares of company stock worth $1,807,179 over the last quarter. Company insiders own 1.60% of the company’s stock.

Several hedge funds have recently made changes to their positions in the business. American Century Companies Inc. raised its holdings in Mattel by 41.1% during the fourth quarter. American Century Companies Inc. now owns 1,727,961 shares of the company’s stock worth $17,262,000 after purchasing an additional 503,748 shares during the last quarter. Geode Capital Management LLC raised its holdings in Mattel by 6.0% during the fourth quarter. Geode Capital Management LLC now owns 4,880,401 shares of the company’s stock worth $48,678,000 after purchasing an additional 277,605 shares during the last quarter. Norges Bank acquired a new position in Mattel during the fourth quarter worth $20,127,000. Amalgamated Bank raised its holdings in Mattel by 9.0% during the fourth quarter. Amalgamated Bank now owns 72,024 shares of the company’s stock worth $720,000 after purchasing an additional 5,977 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its holdings in Mattel by 3.5% during the fourth quarter. Public Employees Retirement System of Ohio now owns 119,707 shares of the company’s stock worth $1,196,000 after purchasing an additional 4,102 shares during the last quarter.

About Mattel

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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Analyst Recommendations for Mattel (NASDAQ:MAT)

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