Mattel, Inc. (MAT) Trading Up 5.1%

Mattel, Inc. (NASDAQ:MAT)’s share price was up 5.1% on Wednesday . The stock traded as high as $18.82 and last traded at $18.54. Approximately 28,172,201 shares traded hands during mid-day trading, an increase of 255% from the average daily volume of 7,939,780 shares. The stock had previously closed at $17.64.

MAT has been the subject of several recent analyst reports. Jefferies Group LLC reiterated a “hold” rating and issued a $17.00 target price (down from $19.00) on shares of Mattel in a research note on Friday, July 28th. UBS AG set a $26.00 target price on shares of Mattel and gave the company a “buy” rating in a research note on Friday, July 28th. BMO Capital Markets reiterated an “outperform” rating and issued a $25.00 target price (down from $30.00) on shares of Mattel in a research note on Friday, July 28th. Stifel Nicolaus reiterated a “hold” rating on shares of Mattel in a research note on Thursday, August 3rd. Finally, DA Davidson downgraded shares of Mattel from a “neutral” rating to an “underperform” rating and cut their target price for the company from $22.00 to $18.00 in a research note on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Mattel currently has a consensus rating of “Hold” and a consensus target price of $21.46.

The company has a quick ratio of 0.89, a current ratio of 1.32 and a debt-to-equity ratio of 1.31. The firm has a market cap of $6,063.39, a PE ratio of 117.60, a PEG ratio of 45.36 and a beta of 0.88.

Mattel (NASDAQ:MAT) last released its quarterly earnings results on Thursday, October 26th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.49). Mattel had a negative net margin of 11.73% and a positive return on equity of 2.51%. The business had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the previous year, the firm posted $0.70 earnings per share. The firm’s quarterly revenue was down 13.1% on a year-over-year basis. analysts anticipate that Mattel, Inc. will post 0.04 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Intact Investment Management Inc. raised its position in shares of Mattel by 14.0% in the second quarter. Intact Investment Management Inc. now owns 93,100 shares of the company’s stock valued at $2,004,000 after buying an additional 11,400 shares in the last quarter. Thrivent Financial For Lutherans increased its stake in Mattel by 3.2% in the second quarter. Thrivent Financial For Lutherans now owns 13,050 shares of the company’s stock valued at $281,000 after acquiring an additional 410 shares during the last quarter. Aberdeen Asset Management PLC UK increased its stake in Mattel by 43.8% in the second quarter. Aberdeen Asset Management PLC UK now owns 147,083 shares of the company’s stock valued at $3,167,000 after acquiring an additional 44,802 shares during the last quarter. State of Wisconsin Investment Board increased its stake in Mattel by 31.1% in the second quarter. State of Wisconsin Investment Board now owns 298,972 shares of the company’s stock valued at $6,437,000 after acquiring an additional 70,840 shares during the last quarter. Finally, Greenwood Capital Associates LLC bought a new position in Mattel in the second quarter valued at approximately $287,000. Institutional investors own 95.89% of the company’s stock.

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About Mattel

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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