Mattel’s (MAT) “Neutral” Rating Reiterated at Roth Mkm

Mattel (NASDAQ:MAT)‘s stock had its “neutral” rating reiterated by investment analysts at Roth Mkm in a note issued to investors on Wednesday, Benzinga reports. They presently have a $21.00 target price on the stock. Roth Mkm’s price objective would suggest a potential upside of 13.70% from the company’s previous close.

Several other research analysts also recently commented on MAT. JPMorgan Chase & Co. downgraded shares of Mattel from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $24.00 to $19.00 in a report on Monday, February 5th. DA Davidson boosted their price objective on shares of Mattel from $26.00 to $27.00 and gave the stock a “buy” rating in a report on Wednesday. Stifel Nicolaus dropped their price objective on shares of Mattel from $26.00 to $23.00 and set a “buy” rating on the stock in a report on Wednesday, January 24th. StockNews.com upgraded shares of Mattel from a “hold” rating to a “buy” rating in a report on Monday, February 26th. Finally, TheStreet downgraded shares of Mattel from a “b-” rating to a “c+” rating in a report on Wednesday, January 24th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $22.78.

Mattel Stock Performance

Shares of MAT opened at $18.47 on Wednesday. The company has a market capitalization of $6.35 billion, a PE ratio of 22.25, a price-to-earnings-growth ratio of 1.25 and a beta of 0.95. Mattel has a one year low of $16.20 and a one year high of $22.64. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.33 and a quick ratio of 1.90. The company’s fifty day moving average price is $19.30 and its 200 day moving average price is $19.08.

Mattel (NASDAQ:MAT) last announced its earnings results on Tuesday, April 23rd. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.07. The firm had revenue of $809.50 million for the quarter, compared to the consensus estimate of $833.52 million. Mattel had a net margin of 5.38% and a return on equity of 24.25%. The business’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter last year, the firm posted ($0.24) EPS. As a group, analysts expect that Mattel will post 1.37 earnings per share for the current year.

Institutional Trading of Mattel

Several institutional investors have recently made changes to their positions in MAT. Handelsbanken Fonder AB boosted its position in shares of Mattel by 17.2% during the 3rd quarter. Handelsbanken Fonder AB now owns 64,100 shares of the company’s stock valued at $1,412,000 after acquiring an additional 9,400 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in shares of Mattel by 11.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 19,199 shares of the company’s stock valued at $423,000 after acquiring an additional 1,988 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Mattel during the 3rd quarter valued at about $286,000. Xponance Inc. boosted its position in Mattel by 6.1% in the third quarter. Xponance Inc. now owns 45,618 shares of the company’s stock valued at $1,005,000 after buying an additional 2,629 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in Mattel in the third quarter valued at about $468,000. 97.15% of the stock is currently owned by institutional investors and hedge funds.

Mattel Company Profile

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.