Mattel, Inc. (MAT) Price Target Raised to $25.00 at BMO Capital Markets
Mattel, Inc. (NASDAQ:MAT) had its target price lifted by BMO Capital Markets from $23.00 to $25.00 in a research note published on Monday. BMO Capital Markets currently has an outperform rating on the stock.
A number of other brokerages also recently issued reports on MAT. Stifel Nicolaus reaffirmed a hold rating on shares of Mattel in a report on Thursday, August 3rd. Jefferies Group LLC set a $13.00 price target on Mattel and gave the company a hold rating in a report on Sunday. Monness Crespi & Hardt upped their price target on Mattel from $22.00 to $27.00 and gave the company a buy rating in a report on Wednesday, October 11th. BidaskClub raised Mattel from a strong sell rating to a sell rating in a report on Thursday, September 14th. Finally, KeyCorp reaffirmed a hold rating on shares of Mattel in a report on Sunday. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Mattel has an average rating of Hold and a consensus price target of $21.54.
Shares of Mattel (NASDAQ MAT) traded down 9.37% during trading on Monday, hitting $14.12. 25,976,462 shares of the company traded hands. The stock has a market capitalization of $4.84 billion, a PE ratio of 20.26 and a beta of 0.86. Mattel has a 52-week low of $12.71 and a 52-week high of $32.48. The company has a 50-day moving average of $15.41 and a 200-day moving average of $19.19.
Mattel (NASDAQ:MAT) last announced its quarterly earnings results on Thursday, October 26th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.49). The business had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.82 billion. Mattel had a negative net margin of 11.73% and a positive return on equity of 2.51%. The business’s revenue for the quarter was down 13.1% compared to the same quarter last year. During the same period last year, the company earned $0.70 earnings per share. Equities analysts expect that Mattel will post $0.23 EPS for the current year.
Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Mattel by 2.0% during the second quarter. Vanguard Group Inc. now owns 34,329,879 shares of the company’s stock worth $739,123,000 after purchasing an additional 662,676 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Mattel by 91.6% during the second quarter. American Century Companies Inc. now owns 9,958,114 shares of the company’s stock worth $214,398,000 after purchasing an additional 4,759,608 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of Mattel by 19,570.6% during the second quarter. Janus Henderson Group PLC now owns 9,617,527 shares of the company’s stock worth $207,066,000 after purchasing an additional 9,568,634 shares during the last quarter. Fairpointe Capital LLC raised its position in Mattel by 24.3% in the second quarter. Fairpointe Capital LLC now owns 7,993,469 shares of the company’s stock worth $172,099,000 after acquiring an additional 1,560,624 shares in the last quarter. Finally, Eaton Vance Management raised its position in Mattel by 581.7% in the second quarter. Eaton Vance Management now owns 2,682,680 shares of the company’s stock worth $57,758,000 after acquiring an additional 2,289,165 shares in the last quarter. Institutional investors and hedge funds own 93.56% of the company’s stock.
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.
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