Mattel (NASDAQ:MAT) Shares Gap Up to $12.78

Shares of Mattel Inc (NASDAQ:MAT) gapped up before the market opened on Friday . The stock had previously closed at $12.51, but opened at $12.78. Mattel shares last traded at $13.34, with a volume of 5,807,036 shares changing hands.

Several equities analysts recently commented on the stock. DZ Bank lowered shares of Mattel from a “hold” rating to a “sell” rating and set a $46.00 target price on the stock. in a report on Tuesday, October 29th. BidaskClub raised shares of Mattel from a “sell” rating to a “hold” rating in a report on Saturday, December 7th. Jefferies Financial Group set a $10.50 target price on shares of Mattel and gave the company a “hold” rating in a report on Friday, October 18th. Stifel Nicolaus dropped their price target on shares of Mattel from $14.00 to $13.50 and set a “hold” rating for the company in a research report on Tuesday, October 1st. Finally, UBS Group dropped their price target on shares of Mattel from $13.00 to $10.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $16.45.

The company has a market capitalization of $4.43 billion, a PE ratio of -11.70 and a beta of 1.66. The company has a debt-to-equity ratio of 6.30, a quick ratio of 1.14 and a current ratio of 1.60. The business’s 50-day moving average is $11.71 and its 200-day moving average is $11.38.

Mattel (NASDAQ:MAT) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.18. The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.44 billion. Mattel had a negative net margin of 4.53% and a negative return on equity of 26.03%. Mattel’s revenue was up 3.1% compared to the same quarter last year. During the same period last year, the business earned $0.18 EPS. Analysts expect that Mattel Inc will post -0.45 EPS for the current year.

Several hedge funds have recently made changes to their positions in MAT. Quadrant Capital Group LLC lifted its holdings in Mattel by 85.3% during the third quarter. Quadrant Capital Group LLC now owns 2,476 shares of the company’s stock valued at $26,000 after purchasing an additional 1,140 shares in the last quarter. Parallax Volatility Advisers L.P. lifted its holdings in shares of Mattel by 104.3% in the second quarter. Parallax Volatility Advisers L.P. now owns 2,644 shares of the company’s stock worth $30,000 after buying an additional 63,534 shares in the last quarter. Vista Private Wealth Partners. LLC purchased a new position in shares of Mattel in the third quarter worth $33,000. Huntington National Bank lifted its holdings in shares of Mattel by 550.9% in the third quarter. Huntington National Bank now owns 2,929 shares of the company’s stock worth $33,000 after buying an additional 2,479 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC purchased a new position in shares of Mattel in the second quarter worth $49,000.

About Mattel (NASDAQ:MAT)

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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