Mattel (NASDAQ:MAT – Get Free Report) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Monday.
A number of other research analysts have also weighed in on MAT. Citigroup assumed coverage on Mattel in a report on Friday, October 20th. They issued a “buy” rating and a $26.00 price objective on the stock. Roth Capital lowered Mattel from a “buy” rating to a “neutral” rating in a report on Thursday, January 4th. Morgan Stanley dropped their target price on Mattel from $27.00 to $25.00 and set an “overweight” rating on the stock in a report on Thursday, October 26th. Finally, Roth Mkm reaffirmed a “neutral” rating and set a $20.00 target price (down from $24.00) on shares of Mattel in a report on Thursday, January 4th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Mattel currently has an average rating of “Moderate Buy” and an average price target of $24.00.
Mattel Stock Down 0.2 %
Shares of NASDAQ MAT traded down $0.04 during mid-day trading on Monday, reaching $18.25. 2,477,400 shares of the company were exchanged, compared to its average volume of 2,248,267. The company has a quick ratio of 1.73, a current ratio of 2.33 and a debt-to-equity ratio of 1.14. The stock has a market cap of $6.45 billion, a price-to-earnings ratio of 79.35, a P/E/G ratio of 1.39 and a beta of 1.01. Mattel has a 1 year low of $15.36 and a 1 year high of $22.64. The firm has a 50-day moving average of $18.80 and a 200 day moving average of $20.23.
Mattel (NASDAQ:MAT – Get Free Report) last released its quarterly earnings results on Wednesday, October 25th. The company reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.21. Mattel had a return on equity of 19.70% and a net margin of 1.59%. The company had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.83 billion. On average, research analysts expect that Mattel will post 1.25 earnings per share for the current year.
Hedge Funds Weigh In On Mattel
Institutional investors have recently added to or reduced their stakes in the stock. Trust Co. of Vermont increased its stake in Mattel by 833.3% during the third quarter. Trust Co. of Vermont now owns 1,120 shares of the company’s stock worth $25,000 after acquiring an additional 1,000 shares during the last quarter. Money Concepts Capital Corp acquired a new stake in shares of Mattel in the fourth quarter valued at $29,000. Caldwell Sutter Capital Inc. grew its stake in shares of Mattel by 238.0% in the second quarter. Caldwell Sutter Capital Inc. now owns 1,690 shares of the company’s stock valued at $33,000 after buying an additional 1,190 shares in the last quarter. Belpointe Asset Management LLC grew its stake in shares of Mattel by 193.5% in the first quarter. Belpointe Asset Management LLC now owns 1,805 shares of the company’s stock valued at $33,000 after buying an additional 1,190 shares in the last quarter. Finally, Clearstead Advisors LLC acquired a new stake in shares of Mattel in the third quarter valued at $52,000. Hedge funds and other institutional investors own 93.51% of the company’s stock.
About Mattel
Mattel, Inc, a children’s and family 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, Disney Princess and Frozen, and Polly Pocket 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, and Power wheels brands.