Mattel (MAT) Research Coverage Started at B. Riley
B. Riley initiated coverage on shares of Mattel (NASDAQ:MAT) in a report published on Thursday, MarketBeat Ratings reports. The brokerage issued a neutral rating and a $15.00 target price on the stock. B. Riley also issued estimates for Mattel’s Q2 2018 earnings at ($0.12) EPS, Q3 2018 earnings at $0.40 EPS, Q4 2018 earnings at $0.37 EPS and FY2019 earnings at $0.80 EPS.
Other equities research analysts also recently issued research reports about the stock. Monness Crespi & Hardt boosted their price objective on shares of Mattel from $22.00 to $27.00 and gave the company a buy rating in a research report on Wednesday, October 11th. TheStreet downgraded shares of Mattel from a c rating to a d rating in a research report on Thursday, October 26th. BMO Capital Markets boosted their price objective on shares of Mattel from $23.00 to $25.00 and gave the company an outperform rating in a research report on Monday, October 30th. BidaskClub downgraded shares of Mattel from a sell rating to a strong sell rating in a research report on Saturday, November 4th. Finally, Jefferies Group reissued a hold rating and set a $17.00 target price on shares of Mattel in a research note on Thursday, September 7th. Twelve equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Mattel currently has a consensus rating of Hold and a consensus target price of $20.25.
Mattel (MAT) traded up $0.13 during trading on Thursday, reaching $15.84. 3,000,000 shares of the company traded hands, compared to its average volume of 10,480,000. Mattel has a 12-month low of $12.71 and a 12-month high of $31.60. The stock has a market cap of $5,490.00, a P/E ratio of -9.05 and a beta of 1.00. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.32 and a quick ratio of 0.89.
Mattel (NASDAQ:MAT) last released its quarterly earnings results on Thursday, October 26th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.49). The firm had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.82 billion. Mattel had a positive return on equity of 2.51% and a negative net margin of 11.73%. The business’s quarterly revenue was down 13.1% on a year-over-year basis. During the same period last year, the firm earned $0.70 EPS. sell-side analysts predict that Mattel will post -0.16 earnings per share for the current year.
A number of institutional investors have recently added to or reduced their stakes in the business. Highlander Capital Management LLC bought a new stake in shares of Mattel during the 2nd quarter worth $105,000. Penserra Capital Management LLC boosted its holdings in Mattel by 26.6% in the 2nd quarter. Penserra Capital Management LLC now owns 6,117 shares of the company’s stock valued at $131,000 after purchasing an additional 1,287 shares during the period. Zeke Capital Advisors LLC bought a new stake in Mattel in the 3rd quarter valued at $163,000. Hartland & Co. LLC bought a new stake in Mattel in the 3rd quarter valued at $165,000. Finally, ETF Managers Group LLC bought a new stake in Mattel in the 2nd quarter valued at $195,000. 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.
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