Mattel (MAT) Coverage Dropped by Analysts at Jefferies Group

Stock analysts at Jefferies Group dropped coverage on shares of Mattel (NASDAQ:MAT) in a research report issued to clients and investors on Monday. Jefferies Group’s target price indicates a potential downside of 7.28% from the stock’s previous close.

MAT has been the topic of a number of other reports. BidaskClub raised shares of Mattel from a “strong sell” rating to a “sell” rating in a research note on Wednesday, November 15th. Stifel Nicolaus reissued a “hold” rating and issued a $19.00 price objective on shares of Mattel in a research note on Tuesday, September 5th. KeyCorp reissued a “sector weight” rating on shares of Mattel in a research note on Thursday, August 31st. UBS reissued a “buy” rating and issued a $23.00 price objective on shares of Mattel in a research note on Saturday, September 16th. Finally, SunTrust Banks reissued a “hold” rating and issued a $17.00 price objective (down from $22.00) on shares of Mattel in a research note on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Mattel presently has an average rating of “Hold” and an average target price of $21.54.

Mattel (NASDAQ MAT) opened at $15.10 on Monday. Mattel has a fifty-two week low of $12.71 and a fifty-two week high of $31.60. The company has a market cap of $5,320.93, a P/E ratio of 103.20 and a beta of 1.00. The company has a current ratio of 1.32, a quick ratio of 0.89 and a debt-to-equity ratio of 1.31.

Mattel (NASDAQ:MAT) last announced its earnings results on Thursday, October 26th. The company reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.49). Mattel had a positive return on equity of 2.51% and a negative net margin of 11.73%. The business had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the prior year, the business posted $0.70 earnings per share. The firm’s revenue for the quarter was down 13.1% compared to the same quarter last year. research analysts predict that Mattel will post -0.16 EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of MAT. Retirement Systems of Alabama lifted its holdings in shares of Mattel by 0.3% during the second quarter. Retirement Systems of Alabama now owns 166,090 shares of the company’s stock worth $3,576,000 after purchasing an additional 558 shares during the period. Canada Pension Plan Investment Board lifted its holdings in shares of Mattel by 231.1% during the second quarter. Canada Pension Plan Investment Board now owns 227,050 shares of the company’s stock worth $4,888,000 after purchasing an additional 158,484 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in shares of Mattel by 7.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,759,364 shares of the company’s stock worth $37,880,000 after purchasing an additional 126,497 shares during the period. Boston Partners acquired a new position in shares of Mattel during the second quarter worth $646,000. Finally, First Trust Advisors LP lifted its holdings in shares of Mattel by 4.9% during the second quarter. First Trust Advisors LP now owns 638,718 shares of the company’s stock worth $13,752,000 after purchasing an additional 29,791 shares during the period. Hedge funds and other institutional investors own 93.67% of the company’s stock.

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Mattel Company Profile

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.

Analyst Recommendations for Mattel (NASDAQ:MAT)

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