Mattel (MAT) Upgraded by BidaskClub to Hold

BidaskClub upgraded shares of Mattel (NASDAQ:MAT) from a sell rating to a hold rating in a report released on Thursday morning.

Several other analysts have also commented on the company. Consumer Edge began coverage on Mattel in a report on Monday, August 13th. They issued an equal weight rating on the stock. Citigroup dropped their price objective on Mattel from $21.00 to $19.00 and set a buy rating on the stock in a report on Wednesday, August 8th. Jefferies Financial Group set a $14.00 price objective on Mattel and gave the company a hold rating in a report on Wednesday, August 1st. DA Davidson raised Mattel from an underperform rating to a neutral rating and raised their price objective for the company from $12.00 to $14.00 in a report on Friday, July 27th. Finally, Stifel Nicolaus raised their price objective on Mattel from $15.00 to $16.00 and gave the company a hold rating in a report on Tuesday, July 10th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $15.89.

Shares of NASDAQ:MAT traded up $0.03 during trading on Thursday, hitting $14.22. The stock had a trading volume of 5,332,503 shares, compared to its average volume of 4,280,163. Mattel has a 12-month low of $12.21 and a 12-month high of $19.21. The company has a debt-to-equity ratio of 4.29, a quick ratio of 1.22 and a current ratio of 1.87.

Mattel (NASDAQ:MAT) last posted its earnings results on Wednesday, July 25th. The company reported ($0.56) EPS for the quarter, missing the consensus estimate of ($0.32) by ($0.24). The company had revenue of $840.70 million for the quarter, compared to analyst estimates of $862.48 million. Mattel had a negative return on equity of 56.60% and a negative net margin of 30.43%. The firm’s revenue was down 13.7% on a year-over-year basis. During the same period last year, the business earned ($0.14) earnings per share. Analysts forecast that Mattel will post -0.95 EPS for the current year.

Several large investors have recently modified their holdings of the company. Ariel Investments LLC boosted its stake in shares of Mattel by 13.3% in the second quarter. Ariel Investments LLC now owns 11,183,832 shares of the company’s stock worth $183,639,000 after acquiring an additional 1,314,295 shares during the last quarter. EdgePoint Investment Group Inc. acquired a new stake in shares of Mattel in the second quarter worth approximately $58,736,000. Guggenheim Capital LLC boosted its stake in shares of Mattel by 2.6% in the first quarter. Guggenheim Capital LLC now owns 2,274,830 shares of the company’s stock worth $29,914,000 after acquiring an additional 56,760 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Mattel by 12.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 2,112,939 shares of the company’s stock worth $34,695,000 after acquiring an additional 226,022 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Mattel by 7.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,612,258 shares of the company’s stock worth $21,200,000 after acquiring an additional 115,267 shares during the last quarter.

Mattel Company Profile

Mattel, Inc designs, manufactures, and markets a range of toy products worldwide. The company operates in three segments: North America, International, and American Girl. It offers Mattel Girls & Boys branded products, including Barbie dolls and accessories, Monster High, DC Super Hero Girls, Enchantimals, Polly Pocket, Hot Wheels and Matchbox vehicles and play sets, CARS, DC Comics, WWE Wrestling, Minecraft, Toy Story, and games and puzzles.

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Analyst Recommendations for Mattel (NASDAQ:MAT)

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