Mattel (NASDAQ:MAT) Downgraded by StockNews.com to “Hold”

StockNews.com lowered shares of Mattel (NASDAQ:MAT) from a buy rating to a hold rating in a research report released on Wednesday morning.

Several other equities research analysts have also issued reports on the stock. DA Davidson reaffirmed a “buy” rating and issued a $27.00 price objective on shares of Mattel in a research note on Thursday, October 24th. Jefferies Financial Group upped their price target on Mattel from $18.25 to $20.00 and gave the stock a “hold” rating in a research note on Tuesday, October 1st. JPMorgan Chase & Co. raised their price objective on Mattel from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Bank of America upped their target price on Mattel from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Morgan Stanley boosted their price objective on Mattel from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $23.75.

Mattel Stock Down 1.8 %

MAT opened at $17.86 on Wednesday. The company has a market capitalization of $6.02 billion, a PE ratio of 11.16, a price-to-earnings-growth ratio of 0.88 and a beta of 0.75. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.45 and a quick ratio of 1.88. Mattel has a fifty-two week low of $15.87 and a fifty-two week high of $20.59. The business has a 50-day moving average of $18.59 and a 200-day moving average of $18.61.

Mattel (NASDAQ:MAT) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.19. The firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.86 billion. Mattel had a return on equity of 25.39% and a net margin of 10.24%. The firm’s revenue was down 3.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.08 earnings per share. Equities research analysts forecast that Mattel will post 1.46 EPS for the current fiscal year.

Hedge Funds Weigh In On Mattel

Several large investors have recently added to or reduced their stakes in the company. Aaron Wealth Advisors LLC grew its holdings in shares of Mattel by 18.3% during the 4th quarter. Aaron Wealth Advisors LLC now owns 13,455 shares of the company’s stock worth $239,000 after purchasing an additional 2,082 shares in the last quarter. Krilogy Financial LLC increased its holdings in Mattel by 12.6% in the 4th quarter. Krilogy Financial LLC now owns 75,828 shares of the company’s stock valued at $1,344,000 after buying an additional 8,467 shares during the period. Hennessy Advisors Inc. acquired a new position in shares of Mattel in the 4th quarter valued at $53,238,000. Assenagon Asset Management S.A. bought a new position in shares of Mattel during the 4th quarter worth about $7,431,000. Finally, Oak Thistle LLC lifted its holdings in shares of Mattel by 122.7% during the 4th quarter. Oak Thistle LLC now owns 26,174 shares of the company’s stock worth $464,000 after acquiring an additional 14,421 shares during the period. Institutional investors and hedge funds own 97.15% of the company’s stock.

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.