Other equities analysts also recently issued reports about the stock. Cfra reissued a hold rating on shares of Mattel in a report on Friday, July 19th. JPMorgan Chase & Co. raised shares of Mattel from a neutral rating to an overweight rating in a report on Tuesday, June 4th. UBS Group set a $14.00 price target on shares of Mattel and gave the company a hold rating in a report on Wednesday, May 8th. DA Davidson reissued a neutral rating on shares of Mattel in a report on Tuesday, July 30th. Finally, Zacks Investment Research raised shares of Mattel from a strong sell rating to a hold rating in a report on Tuesday, April 23rd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $14.31.
NASDAQ:MAT opened at $9.44 on Wednesday. The company has a 50-day moving average of $12.08 and a 200-day moving average of $12.50. The company has a market capitalization of $3.67 billion, a price-to-earnings ratio of -8.28 and a beta of 1.55. Mattel has a 52 week low of $9.09 and a 52 week high of $17.26. The company has a debt-to-equity ratio of 6.78, a quick ratio of 1.11 and a current ratio of 1.78.
Mattel (NASDAQ:MAT) last released its quarterly earnings data on Thursday, July 25th. The company reported ($0.25) EPS for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.10. The company had revenue of $860.10 million during the quarter, compared to the consensus estimate of $822.24 million. Mattel had a negative net margin of 6.00% and a negative return on equity of 28.70%. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period last year, the firm earned ($0.56) EPS. Sell-side analysts forecast that Mattel will post -0.58 EPS for the current year.
A number of institutional investors and hedge funds have recently bought and sold shares of MAT. EdgePoint Investment Group Inc. increased its position in Mattel by 37.8% in the 2nd quarter. EdgePoint Investment Group Inc. now owns 36,340,435 shares of the company’s stock valued at $407,376,000 after acquiring an additional 9,962,282 shares in the last quarter. BlackRock Inc. increased its position in Mattel by 34.9% in the 2nd quarter. BlackRock Inc. now owns 37,850,491 shares of the company’s stock valued at $424,305,000 after acquiring an additional 9,786,835 shares in the last quarter. Nuveen Asset Management LLC acquired a new stake in Mattel in the 2nd quarter valued at about $55,087,000. Norges Bank acquired a new stake in Mattel in the 4th quarter valued at about $20,127,000. Finally, State of New Jersey Common Pension Fund D increased its position in Mattel by 950.0% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 2,100,000 shares of the company’s stock valued at $23,541,000 after acquiring an additional 1,900,000 shares in the last quarter.
Mattel, Inc, a children's entertainment company, designs and produces toys and consumer products worldwide. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, content, gaming, and lifestyle products for children under the Barbie brand; diecast cars, tracks, playsets, and play products for kids, adults, and collectors under the Hot Wheels brand name; content, toy, live events, and other lifestyle products under the Fisher-Price and Thomas & Friends brands; and dolls and books under the American Girl brand name.
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