Mattel (NASDAQ:MAT) had its price objective decreased by investment analysts at BMO Capital Markets from $23.00 to $17.00 in a research report issued to clients and investors on Tuesday. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ target price indicates a potential upside of 32.81% from the stock’s current price.
Several other equities research analysts also recently commented on MAT. Jefferies Group set a $17.00 target price on shares of Mattel and gave the company a “hold” rating in a research note on Saturday, December 2nd. BidaskClub downgraded shares of Mattel from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. Monness Crespi & Hardt downgraded shares of Mattel from a “buy” rating to a “neutral” rating in a research note on Tuesday, December 12th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $14.00 target price (down previously from $34.00) on shares of Mattel in a research note on Wednesday, December 13th. Finally, B. Riley started coverage on shares of Mattel in a research note on Thursday, December 21st. They issued a “neutral” rating and a $15.00 target price for the company. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the stock. Mattel has a consensus rating of “Hold” and a consensus target price of $17.83.
Shares of Mattel (NASDAQ:MAT) opened at $12.80 on Tuesday. Mattel has a 12 month low of $12.71 and a 12 month high of $25.97. The company has a quick ratio of 1.55, a current ratio of 1.92 and a debt-to-equity ratio of 2.28.
Mattel (NASDAQ:MAT) last issued its earnings results on Thursday, February 1st. The company reported ($0.72) EPS for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.69 billion. During the same period in the previous year, the company posted $0.52 EPS. The firm’s revenue for the quarter was down 12.2% on a year-over-year basis. equities analysts expect that Mattel will post -0.04 EPS for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in MAT. Parnassus Investments CA boosted its holdings in Mattel by 33.2% during 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. Franklin Resources Inc. boosted its holdings in Mattel by 102.2% during the fourth quarter. Franklin Resources Inc. now owns 3,112,937 shares of the company’s stock worth $47,877,000 after purchasing an additional 1,573,028 shares during the last quarter. Sei Investments Co. boosted its holdings in Mattel by 144.8% during the fourth quarter. Sei Investments Co. now owns 2,142,172 shares of the company’s stock worth $32,946,000 after purchasing an additional 1,266,982 shares during the last quarter. Mackenzie Financial Corp acquired a new position in Mattel during the third quarter worth $13,045,000. Finally, Ariel Investments LLC boosted its holdings in Mattel by 10.1% during the fourth quarter. Ariel Investments LLC now owns 9,151,114 shares of the company’s stock worth $140,744,000 after purchasing an additional 837,481 shares during the last quarter. Institutional investors own 93.86% of the company’s stock.
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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.
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