Mattel (MAT) Rating Lowered to Sell at BidaskClub

BidaskClub lowered shares of Mattel (NASDAQ:MAT) from a hold rating to a sell rating in a research note published on Wednesday morning.

MAT has been the topic of several other research reports. Zacks Investment Research upgraded Mattel from a sell rating to a hold rating in a research note on Wednesday, September 19th. ValuEngine upgraded Mattel from a hold rating to a buy rating in a research note on Thursday, August 2nd. UBS Group lowered their target price on Mattel from $18.00 to $16.00 and set a hold rating on the stock in a research note on Thursday, August 16th. DA Davidson lowered Mattel from a neutral rating to an underperform rating in a research note on Thursday, June 28th. They noted that the move was a valuation call. Finally, MKM Partners lowered their target price on Mattel to $13.00 and set a neutral rating on the stock in a research note on Thursday, July 26th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. The stock has an average rating of Hold and an average target price of $15.78.

NASDAQ:MAT traded down $0.39 on Wednesday, hitting $13.45. The company’s stock had a trading volume of 9,905,621 shares, compared to its average volume of 4,961,706. The company has a debt-to-equity ratio of 4.29, a quick ratio of 1.22 and a current ratio of 1.87. Mattel has a one year low of $12.21 and a one year high of $19.21.



Mattel (NASDAQ:MAT) last released 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 business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.51 billion. Mattel had a negative net margin of 17.99% and a negative return on equity of 60.17%. Equities analysts predict that Mattel will post -0.95 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Caisse DE Depot ET Placement DU Quebec grew its position in Mattel by 7.5% during the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 48,500 shares of the company’s stock worth $796,000 after buying an additional 3,400 shares in the last quarter. Allianz Asset Management GmbH grew its position in Mattel by 15.4% during the first quarter. Allianz Asset Management GmbH now owns 26,898 shares of the company’s stock worth $354,000 after buying an additional 3,596 shares in the last quarter. Nisa Investment Advisors LLC grew its position in Mattel by 9.4% during the second quarter. Nisa Investment Advisors LLC now owns 41,922 shares of the company’s stock worth $688,000 after buying an additional 3,600 shares in the last quarter. Hanson & Doremus Investment Management grew its position in Mattel by 12.2% during the second quarter. Hanson & Doremus Investment Management now owns 35,669 shares of the company’s stock worth $586,000 after buying an additional 3,865 shares in the last quarter. Finally, CIBC Asset Management Inc grew its position in Mattel by 10.0% during the second quarter. CIBC Asset Management Inc now owns 44,600 shares of the company’s stock worth $732,000 after buying an additional 4,063 shares in the last quarter.

Mattel Company Profile

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.

Read More: Understanding Average Daily Trade Volume

Analyst Recommendations for Mattel (NASDAQ:MAT)

Receive News & Ratings for Mattel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mattel and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply