Mattel (NASDAQ:MAT) Rating Lowered to “Hold” at StockNews.com

StockNews.com cut shares of Mattel (NASDAQ:MAT) from a buy rating to a hold rating in a report published on Tuesday.

Other analysts also recently issued reports about the company. DA Davidson upped their target price on Mattel from $27.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, February 5th. Jefferies Financial Group upgraded Mattel from a “hold” rating to a “buy” rating and upped their target price for the company from $20.00 to $28.00 in a research report on Wednesday, February 5th. Finally, Morgan Stanley upped their target price on Mattel from $22.00 to $23.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $25.57.

Mattel Stock Performance

MAT opened at $20.67 on Tuesday. The business has a fifty day simple moving average of $19.53 and a 200 day simple moving average of $19.17. The company has a market capitalization of $6.89 billion, a PE ratio of 12.92, a price-to-earnings-growth ratio of 2.35 and a beta of 0.76. Mattel has a 1 year low of $15.87 and a 1 year high of $22.07. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.38 and a quick ratio of 2.00.

Mattel (NASDAQ:MAT) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.15. Mattel had a return on equity of 25.94% and a net margin of 10.07%. During the same period in the prior year, the firm posted $0.29 earnings per share. Research analysts expect that Mattel will post 1.7 EPS for the current year.

Hedge Funds Weigh In On Mattel

A number of institutional investors have recently modified their holdings of the business. CIBC Asset Management Inc raised its holdings in shares of Mattel by 5.8% during the 4th quarter. CIBC Asset Management Inc now owns 10,962 shares of the company’s stock worth $194,000 after buying an additional 601 shares in the last quarter. Clear Harbor Asset Management LLC increased its holdings in Mattel by 5.5% in the 4th quarter. Clear Harbor Asset Management LLC now owns 12,918 shares of the company’s stock worth $229,000 after purchasing an additional 675 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in Mattel by 2.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 25,795 shares of the company’s stock worth $491,000 after purchasing an additional 693 shares in the last quarter. Xponance Inc. increased its holdings in Mattel by 1.6% in the 4th quarter. Xponance Inc. now owns 46,262 shares of the company’s stock worth $820,000 after purchasing an additional 739 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in Mattel by 26.6% in the 4th quarter. GAMMA Investing LLC now owns 3,541 shares of the company’s stock worth $63,000 after purchasing an additional 744 shares in the last quarter. Institutional investors and hedge funds own 97.15% of the company’s stock.

About Mattel

Mattel, Inc, a toy and family entertainment company, designs, manufactures, and markets toys and consumer products in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, as well as books, content, gaming, and lifestyle products for children under the Barbie, American Girl, Disney Princess and Disney Frozen, Monster High, and Polly Pocket brands; die-cast vehicles, tracks, playsets, and accessories for kids, adults, and collectors under the Hot Wheels, Hot Wheels Monster Trucks, Hot Wheels Mario Kart, Matchbox, and Cars brand names; and infant, toddler, and preschool products comprising content, toys, live events, and other consumer products under the Fisher-Price, Little People and Imaginext, and Thomas & Friends, and Power wheels brands.