Mattel (MAT) Upgraded by BidaskClub to “Hold”

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

Several other research firms have also recently weighed in on MAT. Consumer Edge started coverage on Mattel in a report on Monday, August 13th. They set an “equal weight” rating for the company. Stifel Nicolaus raised their price target on Mattel from $15.00 to $16.00 and gave the company a “hold” rating in a report on Tuesday, July 10th. MKM Partners cut their price target on Mattel to $13.00 and set a “neutral” rating for the company in a report on Thursday, July 26th. DA Davidson upgraded Mattel from an “underperform” rating to a “neutral” rating and raised their price target for the company from $12.00 to $14.00 in a report on Friday, July 27th. Finally, Zacks Investment Research upgraded Mattel from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 11th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $15.89.

NASDAQ:MAT opened at $14.77 on Thursday. The stock has a market cap of $5.40 billion, a P/E ratio of -13.68 and a beta of 1.06. The company has a debt-to-equity ratio of 4.29, a current ratio of 1.87 and a quick ratio of 1.22. Mattel has a 12-month low of $12.21 and a 12-month high of $19.21.

Mattel (NASDAQ:MAT) last released its quarterly earnings results on Wednesday, July 25th. The company reported ($0.56) earnings per share for the quarter, missing the consensus estimate of ($0.32) by ($0.24). The firm had revenue of $840.70 million for the quarter, compared to analysts’ expectations of $862.48 million. Mattel had a negative net margin of 30.43% and a negative return on equity of 56.60%. The business’s quarterly revenue was down 13.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.14) EPS. As a group, research analysts anticipate that Mattel will post -0.95 EPS for the current year.

Several large investors have recently bought and sold shares of MAT. Dimensional Fund Advisors LP lifted its stake in shares of Mattel by 7.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,612,258 shares of the company’s stock valued at $21,200,000 after purchasing an additional 115,267 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Mattel by 48.1% during the 1st quarter. Russell Investments Group Ltd. now owns 69,875 shares of the company’s stock worth $918,000 after acquiring an additional 22,693 shares during the last quarter. Allianz Asset Management GmbH lifted its stake in shares of Mattel by 15.4% during the 1st quarter. Allianz Asset Management GmbH now owns 26,898 shares of the company’s stock worth $354,000 after acquiring an additional 3,596 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of Mattel by 14.5% during the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 185,735 shares of the company’s stock worth $2,442,000 after acquiring an additional 23,518 shares during the last quarter. Finally, Natixis lifted its stake in shares of Mattel by 30.3% during the 1st quarter. Natixis now owns 101,121 shares of the company’s stock worth $1,330,000 after acquiring an additional 23,523 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.

Further Reading: Closed-End Mutual Funds (CEFs)

Analyst Recommendations for Mattel (NASDAQ:MAT)

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