StockNews.com Downgrades Mattel (NASDAQ:MAT) to Hold

StockNews.com downgraded shares of Mattel (NASDAQ:MAT) from a buy rating to a hold rating in a research note issued to investors on Thursday.

A number of other brokerages have also weighed in on MAT. Morgan Stanley boosted their price target on Mattel from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Thursday. DA Davidson reissued a “buy” rating and set a $27.00 target price on shares of Mattel in a research report on Thursday. JPMorgan Chase & Co. upped their price target on shares of Mattel from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Monday. Bank of America lifted their price objective on shares of Mattel from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Jefferies Financial Group boosted their price objective on shares of Mattel from $18.25 to $20.00 and gave the company a “hold” rating in a report on Tuesday, October 1st. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Mattel has an average rating of “Hold” and an average target price of $23.75.

Mattel Stock Up 3.8 %

Shares of NASDAQ:MAT traded up $0.70 during trading on Thursday, reaching $19.27. The stock had a trading volume of 231,693 shares, compared to its average volume of 3,132,127. The firm’s 50-day simple moving average is $18.98 and its 200 day simple moving average is $18.28. The company has a current ratio of 2.58, a quick ratio of 1.81 and a debt-to-equity ratio of 1.18. Mattel has a one year low of $15.87 and a one year high of $20.48. The company has a market capitalization of $6.63 billion, a P/E ratio of 22.37, a PEG ratio of 1.25 and a beta of 0.79.

Mattel (NASDAQ:MAT) last posted its earnings results on Wednesday, October 23rd. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.19. Mattel had a net margin of 5.94% and a return on equity of 25.72%. The company had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the prior year, the company posted $1.08 earnings per share. Mattel’s revenue for the quarter was down 3.9% compared to the same quarter last year. As a group, research analysts expect that Mattel will post 1.43 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in MAT. Nisa Investment Advisors LLC grew its position in Mattel by 2.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 25,795 shares of the company’s stock worth $491,000 after purchasing an additional 693 shares during the period. GAMMA Investing LLC boosted its stake in shares of Mattel by 38.3% in the third quarter. GAMMA Investing LLC now owns 2,797 shares of the company’s stock worth $53,000 after buying an additional 775 shares during the last quarter. Private Advisor Group LLC grew its holdings in Mattel by 4.6% during the first quarter. Private Advisor Group LLC now owns 19,526 shares of the company’s stock worth $387,000 after acquiring an additional 860 shares during the period. CWM LLC raised its position in Mattel by 71.0% during the second quarter. CWM LLC now owns 2,641 shares of the company’s stock valued at $43,000 after acquiring an additional 1,097 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its position in Mattel by 3.0% during the third quarter. State of Alaska Department of Revenue now owns 39,484 shares of the company’s stock valued at $752,000 after acquiring an additional 1,160 shares in the last quarter. Hedge funds and other institutional investors own 97.15% of the company’s stock.

About Mattel

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.