Mattel (NASDAQ:MAT) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Saturday.
Several other research analysts also recently weighed in on MAT. UBS Group reaffirmed a “buy” rating and issued a $23.00 target price on shares of Mattel in a report on Saturday, September 16th. DA Davidson dropped their target price on shares of Mattel from $14.00 to $13.00 and set an “underperform” rating for the company in a report on Friday, September 22nd. SunTrust Banks reaffirmed a “hold” rating and issued a $17.00 target price (down previously from $22.00) on shares of Mattel in a report on Tuesday, October 10th. Monness Crespi & Hardt boosted their price target on shares of Mattel from $22.00 to $27.00 and gave the stock a “buy” rating in a research note on Wednesday, October 11th. Finally, Stifel Nicolaus decreased their price target on shares of Mattel from $19.00 to $17.00 and set a “hold” rating on the stock in a research note on Thursday, October 12th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $20.25.
Mattel (MAT) opened at $15.29 on Friday. The firm has a market cap of $5,260.00, a price-to-earnings ratio of -8.74, a P/E/G ratio of 4.40 and a beta of 1.01. The company has a quick ratio of 0.89, a current ratio of 1.32 and a debt-to-equity ratio of 1.31. Mattel has a 1-year low of $12.71 and a 1-year high of $31.60.
Hedge funds have recently made changes to their positions in the business. Steward Partners Investment Advisory LLC purchased a new stake in shares of Mattel during the 3rd quarter valued at about $375,000. Coastline Trust Co raised its position in shares of Mattel by 44.4% during the 3rd quarter. Coastline Trust Co now owns 20,360 shares of the company’s stock valued at $315,000 after buying an additional 6,260 shares in the last quarter. California Public Employees Retirement System raised its position in shares of Mattel by 11.3% during the 3rd quarter. California Public Employees Retirement System now owns 995,075 shares of the company’s stock valued at $15,404,000 after buying an additional 100,722 shares in the last quarter. Vident Investment Advisory LLC purchased a new stake in shares of Mattel during the 3rd quarter valued at about $236,000. Finally, Chevy Chase Trust Holdings Inc. raised its position in shares of Mattel by 1.3% during the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 298,913 shares of the company’s stock valued at $4,627,000 after buying an additional 3,801 shares in the last quarter. Institutional investors and hedge funds own 93.66% of the company’s stock.
Mattel Company Profile
Mattel, Inc manufactures and markets a range of toy products around the world. The Company’s segments are North America; International, and American Girl. Its portfolio of brands and products are grouped into approximately four major brand categories, including Mattel Girls & Boys Brands, Fisher-Price Brands, American Girl Brands and Construction and Arts & Crafts Brands.
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