Mattel (NASDAQ:MAT) Stock Rating Lowered by StockNews.com

Mattel (NASDAQ:MAT) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Wednesday.

MAT has been the topic of several other research reports. DA Davidson restated a “buy” rating and set a $27.00 price objective on shares of Mattel in a report on Thursday, October 24th. Jefferies Financial Group upped their price target on shares of Mattel from $18.25 to $20.00 and gave the company a “hold” rating in a research note on Tuesday, October 1st. 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, October 24th. JPMorgan Chase & Co. upped their target price on Mattel from $22.00 to $23.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Finally, Morgan Stanley lifted their price target on Mattel from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Mattel has an average rating of “Hold” and a consensus price target of $23.75.

Mattel Stock Down 1.8 %

MAT traded down $0.32 during trading on Wednesday, hitting $17.86. The stock had a trading volume of 2,430,464 shares, compared to its average volume of 2,601,111. The stock has a 50 day simple moving average of $18.59 and a two-hundred day simple moving average of $18.61. The company has a market capitalization of $6.02 billion, a PE ratio of 11.16, a PEG ratio of 0.97 and a beta of 0.75. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.88 and a current ratio of 2.45. Mattel has a twelve month low of $15.87 and a twelve month high of $20.59.

Mattel (NASDAQ:MAT) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.19. Mattel had a return on equity of 25.39% and a net margin of 10.24%. The firm had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter last year, the firm earned $1.08 EPS. The business’s quarterly revenue was down 3.9% on a year-over-year basis. On average, research analysts predict that Mattel will post 1.46 earnings per share for the current year.

Hedge Funds Weigh In On Mattel

Institutional investors and hedge funds have recently modified their holdings of the stock. American Century Companies Inc. raised its position in Mattel by 75.2% during the second quarter. American Century Companies Inc. now owns 1,824,979 shares of the company’s stock valued at $29,674,000 after acquiring an additional 783,264 shares in the last quarter. Federated Hermes Inc. increased its holdings in shares of Mattel by 7.9% during the 2nd quarter. Federated Hermes Inc. now owns 50,169 shares of the company’s stock valued at $816,000 after purchasing an additional 3,662 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Mattel by 34.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,794,138 shares of the company’s stock valued at $94,215,000 after purchasing an additional 1,479,227 shares during the period. Edgestream Partners L.P. purchased a new stake in Mattel during the second quarter worth $594,000. Finally, Hsbc Holdings PLC boosted its holdings in Mattel by 431.1% during the second quarter. Hsbc Holdings PLC now owns 170,185 shares of the company’s stock worth $2,788,000 after buying an additional 138,140 shares in the last quarter. Institutional investors and hedge funds own 97.15% of the company’s stock.

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.