Mattel (MAT) Upgraded to “Hold” by BidaskClub

Mattel (NASDAQ:MAT) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.

A number of other research firms also recently weighed in on MAT. Jefferies Group set a $17.00 target price on Mattel and gave the stock a “hold” rating in a research report on Saturday, December 2nd. Stifel Nicolaus restated a “hold” rating and issued a $16.00 target price on shares of Mattel in a research report on Monday, January 29th. Barclays boosted their target price on Mattel from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Monday. Citigroup boosted their target price on Mattel from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Zacks Investment Research upgraded Mattel from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 26th. Thirteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $19.00.

Shares of Mattel (NASDAQ:MAT) opened at $16.00 on Wednesday. The company has a debt-to-equity ratio of 2.28, a quick ratio of 1.55 and a current ratio of 1.92. Mattel has a 12-month low of $12.71 and a 12-month high of $26.30.

Mattel (NASDAQ:MAT) last issued its quarterly earnings results on Thursday, February 1st. The company reported ($0.72) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.93). The business had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.69 billion. Mattel had a negative net margin of 21.59% and a negative return on equity of 21.37%. The business’s revenue was down 12.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.52 EPS. equities analysts predict that Mattel will post 0.13 earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in MAT. Highlander Capital Management LLC purchased a new position in Mattel in the 2nd quarter worth approximately $105,000. Calton & Associates Inc. purchased a new position in Mattel in the 4th quarter worth approximately $112,000. Zeke Capital Advisors LLC purchased a new position in Mattel in the 3rd quarter worth approximately $163,000. Hartland & Co. LLC purchased a new position in Mattel in the 3rd quarter worth approximately $165,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in Mattel in the 4th quarter worth approximately $206,000. 93.86% of the stock is currently owned by institutional investors and hedge funds.

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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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