Mattel (NASDAQ:MAT) Earns “Neutral” Rating from Roth Mkm

Roth Mkm reiterated their neutral rating on shares of Mattel (NASDAQ:MAT) in a report released on Wednesday morning, Benzinga reports. They currently have a $21.00 price objective on the stock.

Several other analysts have also commented on MAT. TheStreet lowered shares of Mattel from a b- rating to a c+ rating in a research report on Wednesday, January 24th. Morgan Stanley reaffirmed an equal weight rating and issued a $19.00 price objective (down from $25.00) on shares of Mattel in a research report on Wednesday, January 17th. Jefferies Financial Group increased their price objective on shares of Mattel from $19.00 to $20.00 and gave the company a hold rating in a research report on Friday, March 15th. Stifel Nicolaus decreased their price objective on shares of Mattel from $26.00 to $23.00 and set a buy rating for the company in a research report on Wednesday, January 24th. Finally, Roth Capital lowered shares of Mattel from a buy rating to a neutral rating in a research report on Thursday, January 4th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Mattel has a consensus rating of Moderate Buy and a consensus price target of $22.78.

Mattel Trading Down 0.6 %

MAT stock opened at $18.36 on Wednesday. The firm’s fifty day simple moving average is $19.27 and its two-hundred day simple moving average is $19.04. The company has a quick ratio of 1.90, a current ratio of 2.49 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $6.32 billion, a price-to-earnings ratio of 22.12, a price-to-earnings-growth ratio of 1.17 and a beta of 0.95. Mattel has a twelve month low of $16.20 and a twelve month high of $22.64.

Mattel (NASDAQ:MAT) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.07. Mattel had a net margin of 5.38% and a return on equity of 24.32%. The firm had revenue of $809.50 million for the quarter, compared to analysts’ expectations of $833.52 million. During the same period in the prior year, the business posted ($0.24) earnings per share. The business’s revenue for the quarter was down .6% on a year-over-year basis. As a group, analysts anticipate that Mattel will post 1.4 earnings per share for the current year.

Institutional Trading of Mattel

A number of large investors have recently made changes to their positions in the company. Norges Bank purchased a new position in Mattel in the fourth quarter valued at approximately $71,256,000. Jericho Capital Asset Management L.P. acquired a new stake in shares of Mattel during the third quarter worth $76,819,000. Capital International Investors lifted its holdings in shares of Mattel by 7.4% during the fourth quarter. Capital International Investors now owns 18,386,007 shares of the company’s stock worth $347,128,000 after purchasing an additional 1,272,018 shares during the period. Victory Capital Management Inc. lifted its holdings in Mattel by 12.9% in the fourth quarter. Victory Capital Management Inc. now owns 7,541,422 shares of the company’s stock valued at $142,382,000 after acquiring an additional 861,638 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new stake in Mattel in the fourth quarter valued at $15,642,000. 97.15% of the stock is currently owned by hedge funds and other institutional investors.

Mattel Company Profile

Mattel, Inc, a toy and family entertainment company, designs, manufactures, and markets toys and consumer products in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, as well as books, content, gaming, and lifestyle products for children under the Barbie, American Girl, Disney Princess and Disney Frozen, Monster High, and Polly Pocket brands; die-cast vehicles, tracks, playsets, and accessories for kids, adults, and collectors under the Hot Wheels, Hot Wheels Monster Trucks, Hot Wheels Mario Kart, Matchbox, and Cars brand names; and infant, toddler, and preschool products comprising content, toys, live events, and other consumer products under the Fisher-Price, Little People and Imaginext, and Thomas & Friends, and Power wheels brands.