Shares of Mattel, Inc. (NASDAQ:MAT) have received a consensus recommendation of “Hold” from the fifteen ratings firms that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $24.05.
A number of equities research analysts recently commented on the stock. UBS AG restated a “buy” rating and issued a $29.00 price objective on shares of Mattel in a research report on Friday, May 19th. Stifel Nicolaus restated a “hold” rating on shares of Mattel in a research report on Thursday, August 3rd. BidaskClub downgraded shares of Mattel from a “sell” rating to a “strong sell” rating in a research report on Friday, August 11th. Jefferies Group LLC restated a “hold” rating and issued a $19.00 price objective on shares of Mattel in a research report on Monday, June 19th. Finally, DA Davidson downgraded shares of Mattel from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $30.00 to $24.00 in a research report on Thursday, June 15th.
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In related news, CEO Mary Margaret Hasti Georgiadis acquired 12,660 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was purchased at an average cost of $19.61 per share, for a total transaction of $248,262.60. Following the transaction, the chief executive officer now directly owns 116,788 shares of the company’s stock, valued at approximately $2,290,212.68. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 1.40% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in MAT. Delta Asset Management LLC TN purchased a new stake in Mattel during the first quarter valued at approximately $102,000. Highlander Capital Management LLC purchased a new stake in Mattel during the second quarter valued at approximately $105,000. Amica Retiree Medical Trust purchased a new stake in Mattel during the first quarter valued at approximately $121,000. Penserra Capital Management LLC boosted its stake in Mattel by 26.6% in the second quarter. Penserra Capital Management LLC now owns 6,117 shares of the company’s stock valued at $131,000 after buying an additional 1,287 shares during the last quarter. Finally, First Interstate Bank boosted its stake in Mattel by 237.1% in the first quarter. First Interstate Bank now owns 6,682 shares of the company’s stock valued at $171,000 after buying an additional 4,700 shares during the last quarter. 92.56% of the stock is owned by hedge funds and other institutional investors.
Mattel (NASDAQ MAT) traded up 1.42% on Wednesday, hitting $16.47. The stock had a trading volume of 4,798,796 shares. The company has a 50 day moving average price of $19.18 and a 200-day moving average price of $22.48. The company has a market cap of $5.64 billion, a price-to-earnings ratio of 23.63 and a beta of 0.84. Mattel has a 52-week low of $15.93 and a 52-week high of $33.98.
Mattel (NASDAQ:MAT) last released its quarterly earnings results on Thursday, July 27th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.09) by $0.05. Mattel had a return on equity of 11.62% and a net margin of 4.51%. The company had revenue of $974.50 million for the quarter, compared to analysts’ expectations of $972.36 million. During the same period in the prior year, the business earned ($0.02) EPS. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. On average, equities research analysts predict that Mattel will post $0.80 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Wednesday, August 23rd will be given a dividend of $0.15 per share. The ex-dividend date is Monday, August 21st. This represents a $0.60 annualized dividend and a dividend yield of 3.64%. Mattel’s dividend payout ratio is currently 86.96%.
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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