UBS AG reissued their buy rating on shares of Mattel, Inc. (NASDAQ:MAT) in a research report released on Saturday. UBS AG currently has a $23.00 price target on the stock.
A number of other research analysts have also recently commented on the company. BidaskClub raised Mattel from a strong sell rating to a sell rating in a research note on Thursday. DA Davidson reaffirmed an underperform rating and set a $14.00 price objective (down from $18.00) on shares of Mattel in a research note on Tuesday, September 12th. Jefferies Group LLC reaffirmed a hold rating and set a $17.00 price objective on shares of Mattel in a research note on Thursday, September 7th. Stifel Nicolaus reaffirmed a hold rating and set a $19.00 price objective on shares of Mattel in a research note on Tuesday, September 5th. Finally, KeyCorp reaffirmed a sector weight rating on shares of Mattel in a research note on Thursday, August 31st. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of Hold and a consensus target price of $25.04.
Mattel (MAT) traded up 0.13% during midday trading on Friday, hitting $15.86. The company had a trading volume of 10,218,711 shares. Mattel has a 52 week low of $15.17 and a 52 week high of $33.23. The firm has a market capitalization of $5.44 billion, a P/E ratio of 22.75 and a beta of 0.87. The firm’s 50 day moving average is $17.10 and its 200-day moving average is $21.49.
Mattel (NASDAQ:MAT) last released its earnings results on Thursday, July 27th. The company reported ($0.14) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.05). The firm had revenue of $974.50 million during the quarter, compared to the consensus estimate of $972.36 million. Mattel had a net margin of 4.51% and a return on equity of 11.62%. The firm’s revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.02) EPS. On average, equities research analysts expect that Mattel will post $0.79 EPS for the current fiscal year.
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In other news, CEO Mary Margaret Hasti Georgiadis bought 12,660 shares of the company’s stock in a transaction dated Tuesday, August 1st. The stock was bought at an average cost of $19.61 per share, for a total transaction of $248,262.60. Following the completion of the acquisition, the chief executive officer now owns 116,788 shares in the company, valued at approximately $2,290,212.68. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.40% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. Highlander Capital Management LLC purchased a new stake in Mattel in the second quarter worth about $105,000. Penserra Capital Management LLC lifted its holdings in Mattel by 26.6% in the second quarter. Penserra Capital Management LLC now owns 6,117 shares of the company’s stock worth $131,000 after buying an additional 1,287 shares during the period. Delta Asset Management LLC TN lifted its holdings in Mattel by 54.7% in the second quarter. Delta Asset Management LLC TN now owns 6,150 shares of the company’s stock worth $133,000 after buying an additional 2,175 shares during the period. First Interstate Bank lifted its holdings in Mattel by 237.1% in the first quarter. First Interstate Bank now owns 6,682 shares of the company’s stock worth $171,000 after buying an additional 4,700 shares during the period. Finally, ETF Managers Group LLC purchased a new stake in Mattel in the second quarter worth about $195,000. Institutional investors and hedge funds own 93.54% of the company’s stock.
Mattel Company Profile
Mattel, Inc manufactures and markets a range of toy products around the world. The Company’s segments are North America; International, and American Girl. Its portfolio of brands and products are grouped into approximately four major brand categories, including Mattel Girls & Boys Brands, Fisher-Price Brands, American Girl Brands and Construction and Arts & Crafts Brands.
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