Mattel (MAT) Upgraded to Sell at BidaskClub

Mattel (NASDAQ:MAT) was upgraded by BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued to investors on Wednesday.

Other analysts have also recently issued research reports about the stock. Jefferies Financial Group set a $13.00 price objective on shares of Mattel and gave the company a “hold” rating in a research report on Sunday, October 28th. Zacks Investment Research cut shares of Mattel from a “hold” rating to a “sell” rating in a research report on Tuesday, October 9th. Wells Fargo & Co lowered their price objective on shares of Mattel from $18.00 to $16.00 and set an “outperform” rating for the company in a research report on Tuesday, December 4th. B. Riley set a $11.00 price objective on shares of Mattel and gave the company a “hold” rating in a research report on Friday, December 21st. Finally, ValuEngine cut shares of Mattel from a “buy” rating to a “hold” rating in a research report on Thursday, December 13th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $14.18.

NASDAQ:MAT opened at $11.90 on Wednesday. Mattel has a 52-week low of $9.09 and a 52-week high of $18.88. The company has a debt-to-equity ratio of 4.28, a quick ratio of 1.21 and a current ratio of 1.70. The firm has a market cap of $4.01 billion, a price-to-earnings ratio of -11.02, a PEG ratio of 27.26 and a beta of 1.35.

Mattel (NASDAQ:MAT) last posted its quarterly earnings data on Thursday, October 25th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.02). The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.51 billion. Mattel had a negative return on equity of 65.25% and a negative net margin of 17.99%. On average, analysts expect that Mattel will post -1.07 earnings per share for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in MAT. Capital International Investors bought a new position in shares of Mattel in the 3rd quarter valued at about $109,900,000. Franklin Resources Inc. lifted its stake in Mattel by 10.8% in the 3rd quarter. Franklin Resources Inc. now owns 30,050,865 shares of the company’s stock valued at $471,861,000 after purchasing an additional 2,936,278 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in Mattel in the 3rd quarter valued at about $33,563,000. Vanguard Group Inc lifted its stake in Mattel by 1.6% in the 3rd quarter. Vanguard Group Inc now owns 36,050,367 shares of the company’s stock valued at $565,991,000 after purchasing an additional 568,489 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in Mattel by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 36,050,367 shares of the company’s stock valued at $565,991,000 after purchasing an additional 568,489 shares during the last quarter.

About Mattel

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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