Mattel (NASDAQ:MAT) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of Mattel (NASDAQ:MATGet Rating) from a buy rating to a hold rating in a report published on Tuesday.

Other equities analysts have also recently issued reports about the stock. JPMorgan Chase & Co. boosted their price objective on shares of Mattel from $31.00 to $33.00 in a research note on Thursday, February 10th. DA Davidson boosted their price objective on shares of Mattel from $38.00 to $45.00 in a research note on Monday, February 14th. Stifel Nicolaus raised shares of Mattel from a hold rating to a buy rating and upped their price target for the stock from $27.00 to $33.00 in a research note on Thursday, February 24th. Monness Crespi & Hardt upped their price target on shares of Mattel from $28.00 to $32.00 and gave the stock a buy rating in a research note on Thursday, February 10th. Finally, Zacks Investment Research raised shares of Mattel from a sell rating to a hold rating and set a $26.00 price target on the stock in a research note on Friday, February 11th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of Buy and an average target price of $32.29.

MAT stock opened at $26.38 on Tuesday. The company has a fifty day moving average price of $23.50 and a 200 day moving average price of $22.63. Mattel has a 12 month low of $17.94 and a 12 month high of $26.99. The company has a market cap of $9.30 billion, a price-to-earnings ratio of 8.91 and a beta of 1.27. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.71 and a quick ratio of 1.08.

Mattel (NASDAQ:MATGet Rating) last released its quarterly earnings results on Wednesday, April 27th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.12. Mattel had a net margin of 18.75% and a return on equity of 42.01%. During the same period in the prior year, the business posted ($0.10) earnings per share. As a group, analysts anticipate that Mattel will post 1.48 earnings per share for the current year.

In related news, EVP Zanatta Roberto Jacobo Isaias sold 51,761 shares of the stock in a transaction dated Monday, February 14th. The shares were sold at an average price of $24.50, for a total value of $1,268,144.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Richard Todd Bradley sold 9,000 shares of the stock in a transaction dated Monday, February 14th. The shares were sold at an average price of $24.54, for a total transaction of $220,860.00. The disclosure for this sale can be found here. Corporate insiders own 1.84% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Morgan Stanley lifted its holdings in Mattel by 40.0% in the 2nd quarter. Morgan Stanley now owns 1,246,026 shares of the company’s stock valued at $25,045,000 after purchasing an additional 355,724 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in Mattel by 6.2% in the 3rd quarter. Commonwealth Equity Services LLC now owns 16,162 shares of the company’s stock valued at $299,000 after purchasing an additional 942 shares in the last quarter. Raymond James & Associates purchased a new position in Mattel in the 3rd quarter valued at about $224,000. Deutsche Bank AG lifted its holdings in Mattel by 89.5% in the 3rd quarter. Deutsche Bank AG now owns 116,036 shares of the company’s stock valued at $2,154,000 after purchasing an additional 54,788 shares in the last quarter. Finally, Advisor Group Holdings Inc. lifted its holdings in Mattel by 36.3% in the 3rd quarter. Advisor Group Holdings Inc. now owns 10,662 shares of the company’s stock valued at $197,000 after purchasing an additional 2,841 shares in the last quarter. 97.94% of the stock is currently owned by hedge funds and other institutional investors.

About Mattel (Get Rating)

Mattel, Inc, a children's entertainment company, designs and produces toys and consumer products worldwide. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, as well as content, gaming, and lifestyle products for children under the Barbie, Monster High, American Girl, Polly Pocket, Spirit, and Enchantimals brands; dolls and books under the American Girl brand name; die-cast vehicles, tracks, playsets, and accessories for kids of all ages, and collectors under the Hot Wheels, Monster Trucks, Matchbox, CARS, and Mario Kart brand names; and infant, toddler, and preschool products comprising content, toys, live events, and other lifestyle products under the Fisher-Price and Thomas & Friends, Power wheels, and Fireman Sam brands.

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