Mattel, Inc. (NASDAQ:MAT) – Stock analysts at DA Davidson lowered their Q4 2018 EPS estimates for shares of Mattel in a report issued on Tuesday. DA Davidson analyst L. Weiser now anticipates that the company will post earnings per share of $0.36 for the quarter, down from their previous estimate of $0.37. DA Davidson has a “Neutral” rating and a $12.00 price objective on the stock. DA Davidson also issued estimates for Mattel’s FY2019 earnings at $0.70 EPS.
Mattel (NASDAQ:MAT) last released its earnings results on Thursday, February 1st. The company reported ($0.72) earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.93). Mattel had a negative net margin of 21.59% and a negative return on equity of 21.37%. The company had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.69 billion. During the same period in the previous year, the company posted $0.52 EPS. The company’s quarterly revenue was down 12.2% compared to the same quarter last year.
A number of other equities research analysts have also commented on MAT. TheStreet lowered Mattel from a “c” rating to a “d” rating in a research report on Thursday, October 26th. BMO Capital Markets raised their price target on Mattel from $23.00 to $25.00 and gave the stock an “outperform” rating in a research report on Monday, October 30th. BidaskClub lowered Mattel from a “sell” rating to a “strong sell” rating in a research report on Saturday, November 4th. Zacks Investment Research raised Mattel from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 26th. Finally, Stifel Nicolaus dropped their target price on Mattel from $17.00 to $14.00 and set a “hold” rating on the stock in a research report on Monday, October 30th. Thirteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $18.67.
Mattel (NASDAQ:MAT) traded down $0.08 during trading hours on Wednesday, reaching $16.47. The company’s stock had a trading volume of 5,330,100 shares, compared to its average volume of 6,500,423. Mattel has a 1 year low of $12.71 and a 1 year high of $26.12. The company has a quick ratio of 1.55, a current ratio of 1.92 and a debt-to-equity ratio of 2.28. The firm has a market capitalization of $5,688.72, a price-to-earnings ratio of -5.61, a price-to-earnings-growth ratio of 13.82 and a beta of 1.01.
Hedge funds have recently bought and sold shares of the business. Parnassus Investments CA raised its stake in shares of Mattel by 33.2% in the fourth quarter. Parnassus Investments CA now owns 21,391,928 shares of the company’s stock worth $329,008,000 after purchasing an additional 5,327,564 shares during the last quarter. Bank of New York Mellon Corp raised its position in Mattel by 20.6% during the third quarter. Bank of New York Mellon Corp now owns 13,201,338 shares of the company’s stock valued at $204,357,000 after purchasing an additional 2,253,399 shares in the last quarter. Fairpointe Capital LLC raised its position in Mattel by 1.3% during the fourth quarter. Fairpointe Capital LLC now owns 10,178,283 shares of the company’s stock valued at $156,542,000 after purchasing an additional 129,516 shares in the last quarter. Ariel Investments LLC raised its position in Mattel by 10.1% during the fourth quarter. Ariel Investments LLC now owns 9,151,114 shares of the company’s stock valued at $140,744,000 after purchasing an additional 837,481 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Mattel by 4.8% during the fourth quarter. Geode Capital Management LLC now owns 3,955,563 shares of the company’s stock valued at $60,723,000 after purchasing an additional 179,455 shares in the last quarter. Hedge funds and other institutional investors own 93.86% of the company’s stock.
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.
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