Mattel (NASDAQ:MAT) Cut to “Hold” at StockNews.com

Mattel (NASDAQ:MATGet Rating) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a report released on Sunday.

MAT has been the topic of a number of other research reports. Stifel Nicolaus raised Mattel from a “hold” rating to a “buy” rating and increased their target price for the stock from $27.00 to $33.00 in a report on Thursday, February 24th. DA Davidson increased their price target on Mattel from $38.00 to $45.00 in a research report on Monday, February 14th. MKM Partners upgraded Mattel from a “neutral” rating to a “buy” rating and increased their price target for the stock from $24.00 to $30.00 in a research report on Thursday, January 13th. Zacks Investment Research upgraded Mattel from a “sell” rating to a “hold” rating and set a $26.00 price target on the stock in a research report on Friday, February 11th. Finally, JPMorgan Chase & Co. increased their price target on Mattel from $31.00 to $33.00 in a research report on Thursday, February 10th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Mattel has an average rating of “Buy” and a consensus target price of $32.00.

MAT stock opened at $22.78 on Friday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.31 and a current ratio of 1.80. Mattel has a 1 year low of $17.94 and a 1 year high of $25.71. The firm has a market cap of $8.03 billion, a P/E ratio of 8.86 and a beta of 1.44. The stock has a 50-day simple moving average of $23.41 and a 200-day simple moving average of $22.06.

Mattel (NASDAQ:MATGet Rating) last posted its earnings results on Wednesday, February 9th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.20. The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.66 billion. Mattel had a return on equity of 47.84% and a net margin of 16.81%. During the same quarter last year, the firm earned $0.40 earnings per share. On average, equities research analysts predict that Mattel will post 1.45 EPS for the current year.

In related news, Director Richard Todd Bradley sold 9,000 shares of Mattel stock in a transaction on Monday, February 14th. The stock was sold at an average price of $24.54, for a total transaction of $220,860.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Zanatta Roberto Jacobo Isaias sold 51,761 shares of the firm’s stock in a transaction dated Monday, February 14th. The shares were sold at an average price of $24.50, for a total value of $1,268,144.50. The disclosure for this sale can be found here. Company insiders own 1.34% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Miller Value Partners LLC acquired a new stake in Mattel during the fourth quarter valued at approximately $86,611,000. Brahman Capital Corp. acquired a new position in shares of Mattel in the 3rd quarter worth approximately $50,736,000. Norges Bank acquired a new position in shares of Mattel in the 4th quarter worth approximately $57,084,000. Millennium Management LLC boosted its holdings in shares of Mattel by 692.8% in the 4th quarter. Millennium Management LLC now owns 2,770,703 shares of the company’s stock worth $59,736,000 after acquiring an additional 2,421,221 shares in the last quarter. Finally, Southeastern Asset Management Inc. TN boosted its holdings in shares of Mattel by 10.2% in the 4th quarter. Southeastern Asset Management Inc. TN now owns 20,228,340 shares of the company’s stock worth $436,123,000 after acquiring an additional 1,878,547 shares in the last quarter. 98.59% of the stock is currently owned by institutional investors and hedge funds.

Mattel Company Profile (Get Rating)

Mattel, Inc, a children's 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, Polly Pocket, Spirit, and Enchantimals 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, Power wheels, and Fireman Sam brands.

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