Mattel (NASDAQ:MAT) Downgraded by StockNews.com

StockNews.com lowered shares of Mattel (NASDAQ:MAT) from a buy rating to a hold rating in a research report released on Wednesday.

Other equities analysts have also recently issued reports about the company. Bank of America raised their target price on Mattel from $25.00 to $26.00 and gave the stock a buy rating in a report on Wednesday, April 24th. Roth Mkm reaffirmed a neutral rating and issued a $21.00 price objective on shares of Mattel in a research note on Wednesday, April 24th. DA Davidson reiterated a buy rating and set a $27.00 price objective on shares of Mattel in a research note on Monday, July 22nd. Finally, Citigroup increased their target price on shares of Mattel from $25.00 to $26.00 and gave the stock a buy rating in a report on Wednesday, April 24th. Six 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 currently has a consensus rating of Hold and an average price target of $22.63.

Mattel Stock Performance

MAT stock opened at $19.17 on Wednesday. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.58 and a quick ratio of 1.88. Mattel has a 1 year low of $15.87 and a 1 year high of $22.64. The company has a market cap of $6.60 billion, a P/E ratio of 23.10, a price-to-earnings-growth ratio of 1.24 and a beta of 0.86. The stock’s fifty day moving average price is $17.22 and its 200-day moving average price is $18.31.

Mattel (NASDAQ:MAT) last announced its earnings results on Tuesday, July 23rd. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.02. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Mattel had a return on equity of 25.72% and a net margin of 5.94%. The business’s revenue for the quarter was down .7% on a year-over-year basis. During the same period last year, the firm posted $0.10 earnings per share. On average, equities analysts forecast that Mattel will post 1.42 earnings per share for the current year.

Insider Transactions at Mattel

In other Mattel news, insider Steve Totzke sold 45,216 shares of the stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $18.90, for a total transaction of $854,582.40. Following the completion of the transaction, the insider now owns 101,902 shares of the company’s stock, valued at approximately $1,925,947.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Zanatta Roberto Jacobo Isaias sold 21,655 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $18.83, for a total value of $407,763.65. Following the completion of the transaction, the executive vice president now directly owns 106,086 shares of the company’s stock, valued at $1,997,599.38. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Steve Totzke sold 45,216 shares of the business’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $18.90, for a total transaction of $854,582.40. Following the completion of the sale, the insider now owns 101,902 shares in the company, valued at approximately $1,925,947.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 90,533 shares of company stock valued at $1,709,321. 1.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Mattel

Institutional investors and hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp lifted its stake in shares of Mattel by 1.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,915,356 shares of the company’s stock valued at $47,404,000 after purchasing an additional 51,687 shares during the last quarter. Fifth Third Wealth Advisors LLC bought a new stake in Mattel in the second quarter worth $189,000. Krilogy Financial LLC boosted its stake in Mattel by 23.2% during the second quarter. Krilogy Financial LLC now owns 68,554 shares of the company’s stock worth $1,115,000 after buying an additional 12,898 shares during the period. Blue Trust Inc. increased its position in Mattel by 143.2% during the second quarter. Blue Trust Inc. now owns 2,072 shares of the company’s stock valued at $34,000 after acquiring an additional 1,220 shares during the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of Mattel in the second quarter valued at $1,579,000. 97.15% of the stock is owned by hedge funds and other institutional investors.

Mattel Company Profile

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.