BMO Capital Markets reiterated their outperform rating on shares of Mattel Inc. (NASDAQ:MAT) in a research report report published on Tuesday morning. They currently have a $40.00 price objective on the stock.
A number of other equities research analysts have also weighed in on MAT. B. Riley restated a buy rating and set a $38.00 price objective on shares of Mattel in a research note on Tuesday, July 26th. Zacks Investment Research lowered Mattel from a buy rating to a hold rating in a research note on Monday, July 11th. Jefferies Group set a $36.00 price objective on Mattel and gave the company a buy rating in a research note on Thursday, July 21st. MKM Partners increased their target price on Mattel from $33.00 to $36.00 and gave the stock a neutral rating in a report on Thursday, July 21st. Finally, Piper Jaffray Cos. reaffirmed a neutral rating and set a $30.00 target price (up previously from $28.00) on shares of Mattel in a report on Friday, July 22nd. Six research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $35.48.
Mattel (NASDAQ:MAT) traded down 0.95% on Tuesday, hitting $30.21. The stock had a trading volume of 460,692 shares. The company’s 50 day moving average price is $32.13 and its 200-day moving average price is $32.19. The company has a market cap of $10.29 billion, a price-to-earnings ratio of 29.91 and a beta of 0.99. Mattel has a 12-month low of $21.83 and a 12-month high of $34.76.
Mattel (NASDAQ:MAT) last issued its quarterly earnings data on Wednesday, July 20th. The company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.03. Mattel had a return on equity of 16.23% and a net margin of 6.17%. The firm earned $957.30 million during the quarter, compared to analyst estimates of $937.85 million. During the same quarter last year, the firm earned $0.01 EPS. Mattel’s quarterly revenue was down 3.1% on a year-over-year basis. Equities research analysts anticipate that Mattel will post $1.34 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Tuesday, August 23rd were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.98%. The ex-dividend date was Friday, August 19th. Mattel’s payout ratio is 149.02%.
In related news, EVP Geoffrey H. Walker sold 7,128 shares of Mattel stock in a transaction on Tuesday, August 30th. The stock was sold at an average price of $33.57, for a total value of $239,286.96. Following the transaction, the executive vice president now directly owns 39,348 shares in the company, valued at approximately $1,320,912.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.88% of the stock is owned by corporate insiders.
Hedge funds have recently modified their holdings of the company. Bollard Group LLC boosted its stake in shares of Mattel by 1.2% in the second quarter. Bollard Group LLC now owns 4,078 shares of the company’s stock valued at $128,000 after buying an additional 48 shares during the period. Mizuho Asset Management Co. Ltd. boosted its stake in shares of Mattel by 130.4% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 4,258 shares of the company’s stock worth $133,000 after buying an additional 2,410 shares in the last quarter. Checchi Capital Advisers LLC boosted its stake in shares of Mattel by 4.2% in the second quarter. Checchi Capital Advisers LLC now owns 5,573 shares of the company’s stock worth $174,000 after buying an additional 226 shares in the last quarter. IFP Advisors Inc boosted its stake in shares of Mattel by 67.1% in the first quarter. IFP Advisors Inc now owns 5,265 shares of the company’s stock worth $177,000 after buying an additional 2,114 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Mattel by 268.4% in the second quarter. Tower Research Capital LLC TRC now owns 5,688 shares of the company’s stock worth $178,000 after buying an additional 4,144 shares in the last quarter. 95.49% of the stock is owned by institutional investors and hedge funds.
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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