Mattel (NASDAQ:MAT) Cut to Sell at BidaskClub

Mattel (NASDAQ:MAT) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday, BidAskClub reports.

Several other research analysts have also commented on the company. Stifel Nicolaus cut their price target on Mattel from $14.00 to $13.50 and set a “hold” rating on the stock in a research report on Tuesday, October 1st. UBS Group cut their price target on Mattel from $13.00 to $10.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. Cfra reaffirmed a “hold” rating on shares of Mattel in a research report on Friday, July 19th. DA Davidson reaffirmed a “neutral” rating on shares of Mattel in a research report on Tuesday, July 30th. Finally, SunTrust Banks cut their price target on Mattel to $12.00 and set a “hold” rating on the stock in a research report on Wednesday, September 11th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $13.62.

MAT opened at $10.07 on Friday. The firm has a market cap of $3.52 billion, a price-to-earnings ratio of -8.83 and a beta of 1.68. Mattel has a 52 week low of $9.06 and a 52 week high of $17.26. The business’s 50 day moving average is $11.03 and its two-hundred day moving average is $11.47. The company has a quick ratio of 1.11, a current ratio of 1.78 and a debt-to-equity ratio of 6.78.

Mattel (NASDAQ:MAT) last released its quarterly earnings results on Thursday, July 25th. The company reported ($0.25) EPS for the quarter, topping the consensus estimate of ($0.35) by $0.10. The company had revenue of $860.10 million for the quarter, compared to analyst estimates of $822.24 million. Mattel had a negative return on equity of 28.70% and a negative net margin of 6.00%. The firm’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.56) earnings per share. Equities analysts expect that Mattel will post -0.57 EPS for the current fiscal year.

Several large investors have recently added to or reduced their stakes in MAT. State Treasurer State of Michigan grew its holdings in Mattel by 2.7% during the second quarter. State Treasurer State of Michigan now owns 102,261 shares of the company’s stock worth $1,146,000 after acquiring an additional 2,700 shares during the period. Comerica Bank grew its holdings in Mattel by 170.2% during the second quarter. Comerica Bank now owns 204,944 shares of the company’s stock worth $2,416,000 after acquiring an additional 129,093 shares during the period. Parametric Portfolio Associates LLC grew its holdings in Mattel by 7.2% during the second quarter. Parametric Portfolio Associates LLC now owns 1,189,943 shares of the company’s stock worth $13,339,000 after acquiring an additional 79,928 shares during the period. BNP Paribas Arbitrage SA grew its holdings in Mattel by 64.5% during the second quarter. BNP Paribas Arbitrage SA now owns 174,749 shares of the company’s stock worth $1,959,000 after acquiring an additional 68,499 shares during the period. Finally, Securian Asset Management Inc grew its holdings in Mattel by 16.8% during the second quarter. Securian Asset Management Inc now owns 41,486 shares of the company’s stock worth $465,000 after acquiring an additional 5,979 shares during the period.

About Mattel

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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