Mattel, Inc. (NASDAQ:MAT) – Research analysts at Jefferies Financial Group cut their Q3 2019 EPS estimates for shares of Mattel in a note issued to investors on Friday, October 26th. Jefferies Financial Group analyst S. Wissink now forecasts that the company will post earnings of $0.11 per share for the quarter, down from their previous forecast of $0.14. Jefferies Financial Group currently has a “Hold” rating and a $13.00 target price on the stock.
Several other equities analysts have also recently issued reports on MAT. BidaskClub raised Mattel from a “hold” rating to a “buy” rating in a report on Saturday, July 7th. Stifel Nicolaus boosted their price objective on Mattel from $15.00 to $16.00 and gave the company a “hold” rating in a report on Tuesday, July 10th. Zacks Investment Research raised Mattel from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 11th. MKM Partners decreased their price objective on Mattel to $13.00 and set a “neutral” rating for the company in a report on Thursday, July 26th. Finally, ValuEngine cut Mattel from a “hold” rating to a “sell” rating in a report on Thursday, July 26th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $15.67.
Mattel (NASDAQ:MAT) last issued its quarterly earnings results on Thursday, October 25th. The company reported $0.18 EPS for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.02). Mattel had a negative return on equity of 65.25% and a negative net margin of 17.99%. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.51 billion.
Hedge funds have recently modified their holdings of the company. Janus Henderson Group PLC raised its holdings in Mattel by 49.2% in the 2nd quarter. Janus Henderson Group PLC now owns 127,062 shares of the company’s stock worth $2,087,000 after purchasing an additional 41,893 shares during the period. Meadow Creek Investment Management LLC increased its stake in Mattel by 95.4% during the 2nd quarter. Meadow Creek Investment Management LLC now owns 74,324 shares of the company’s stock worth $1,220,000 after buying an additional 36,278 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in Mattel by 12.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 2,112,939 shares of the company’s stock worth $34,695,000 after buying an additional 226,022 shares in the last quarter. CIBC Asset Management Inc increased its stake in Mattel by 10.0% during the 2nd 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. Finally, Andra AP fonden increased its stake in Mattel by 13.3% during the 2nd quarter. Andra AP fonden now owns 281,400 shares of the company’s stock worth $4,621,000 after buying an additional 33,100 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.
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