Mattel (MAT) Cut to Sell at BidaskClub

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.

Mattel (NASDAQ:MAT) last issued its earnings results on Thursday, October 26th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.49). The firm had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.82 billion. Mattel had a positive return on equity of 2.51% and a negative net margin of 11.73%. The company’s quarterly revenue was down 13.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.70 EPS. analysts expect that Mattel will post -0.16 earnings per share for the current fiscal year.

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.

COPYRIGHT VIOLATION WARNING: “Mattel (MAT) Cut to Sell at BidaskClub” was originally reported by Week Herald and is the property of of Week Herald. If you are viewing this report on another domain, it was illegally copied and republished in violation of U.S. & international trademark & copyright law. The legal version of this report can be read at https://weekherald.com/2018/01/13/mattel-mat-cut-to-sell-at-bidaskclub.html.

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.

Analyst Recommendations for Mattel (NASDAQ:MAT)

Receive News & Ratings for Mattel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mattel and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply