Stifel Nicolaus reiterated their hold rating on shares of Mattel (NASDAQ:MAT) in a research report released on Thursday. The firm currently has a $15.00 target price on the stock.
A number of other research firms also recently commented on MAT. SunTrust Banks reiterated a hold rating and set a $13.00 price objective on shares of Mattel in a research note on Monday, December 24th. ValuEngine upgraded shares of Mattel from a hold rating to a buy rating in a research report on Wednesday, February 13th. UBS Group set a $15.00 price target on shares of Mattel and gave the stock a hold rating in a research report on Thursday, November 1st. Citigroup reduced their price target on shares of Mattel from $19.00 to $16.00 and set a buy rating on the stock in a research report on Tuesday, October 30th. Finally, Barclays reduced their price target on shares of Mattel from $11.00 to $10.00 and set an underweight rating on the stock in a research report on Wednesday, November 14th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. Mattel presently has a consensus rating of Hold and an average target price of $14.46.
Get Mattel alerts:NASDAQ MAT opened at $13.82 on Thursday. Mattel has a 12 month low of $9.09 and a 12 month high of $17.98. The company has a debt-to-equity ratio of 4.26, a quick ratio of 1.44 and a current ratio of 1.88. The firm has a market cap of $4.77 billion, a price-to-earnings ratio of -12.12, a P/E/G ratio of 24.39 and a beta of 1.38.
Mattel (NASDAQ:MAT) last posted its quarterly earnings data on Thursday, February 7th. The company reported $0.04 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.11) by $0.15. Mattel had a negative net margin of 11.77% and a negative return on equity of 43.47%. The firm had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the prior year, the firm posted ($0.72) EPS. The firm’s revenue was down 5.4% compared to the same quarter last year. On average, research analysts expect that Mattel will post 0.08 EPS for the current fiscal year.
In related news, EVP Michael J. Eilola sold 10,904 shares of Mattel stock in a transaction dated Monday, February 11th. The shares were sold at an average price of $15.72, for a total value of $171,410.88. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.60% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in MAT. Raymond James & Associates increased its stake in Mattel by 36.9% during the 2nd quarter. Raymond James & Associates now owns 17,562 shares of the company’s stock valued at $288,000 after buying an additional 4,735 shares during the period. Nisa Investment Advisors LLC increased its stake in Mattel by 35.3% during the 3rd quarter. Nisa Investment Advisors LLC now owns 56,722 shares of the company’s stock valued at $891,000 after buying an additional 14,800 shares during the period. Ardevora Asset Management LLP increased its stake in Mattel by 10.3% during the 3rd quarter. Ardevora Asset Management LLP now owns 2,205,336 shares of the company’s stock valued at $34,624,000 after buying an additional 205,800 shares during the period. Moody National Bank Trust Division increased its stake in Mattel by 529.2% during the 3rd quarter. Moody National Bank Trust Division now owns 91,682 shares of the company’s stock valued at $1,439,000 after buying an additional 77,110 shares during the period. Finally, American Century Companies Inc. increased its stake in Mattel by 11.5% during the 3rd quarter. American Century Companies Inc. now owns 1,224,213 shares of the company’s stock valued at $19,220,000 after buying an additional 126,066 shares during the period.
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.
See Also: Options Trading – What is a Straddle?
No comments:
Post a Comment