MAT has been the subject of several other reports. Vetr upgraded shares of Mattel from a buy rating to a strong-buy rating and set a $41.14 target price for the company in a research report on Monday, August 29th. Zacks Investment Research upgraded shares of Mattel from a hold rating to a buy rating and set a $35.00 target price for the company in a research report on Wednesday, September 21st. Monness Crespi & Hardt upgraded shares of Mattel from a neutral rating to a buy rating and set a $37.00 target price for the company in a research report on Monday, September 19th. BMO Capital Markets restated an outperform rating and set a $40.00 target price on shares of Mattel in a research report on Tuesday, October 4th. Finally, MKM Partners lifted their price target on shares of Mattel from $33.00 to $36.00 and gave the company a neutral rating in a report on Thursday, July 21st. Five equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $35.48.
Shares of Mattel (NASDAQ:MAT) traded up 1.83% during trading on Thursday, hitting $30.53. 544,590 shares of the stock were exchanged. Mattel has a 52-week low of $22.63 and a 52-week high of $34.76. The firm has a 50 day moving average of $31.63 and a 200-day moving average of $32.10. The stock has a market cap of $10.40 billion, a PE ratio of 30.23 and a beta of 0.99.
Mattel (NASDAQ:MAT) last announced its earnings results on Wednesday, July 20th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.03. The company earned $957.30 million during the quarter, compared to analyst estimates of $937.85 million. Mattel had a net margin of 6.17% and a return on equity of 16.23%. The firm’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.01 earnings per share. Equities research analysts anticipate that Mattel will post $1.34 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 16th. Stockholders 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 5.07%. The ex-dividend date of this dividend was Friday, August 19th. Mattel’s payout ratio is presently 149.02%.
In other news, EVP Geoffrey H. Walker sold 7,128 shares of the company’s stock in a transaction dated Tuesday, August 30th. The shares were 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 $1,320,912.36. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.88% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Parametrica Management Ltd bought a new position in Mattel during the third quarter worth approximately $372,000. MSI Financial Services Inc boosted its position in Mattel by 11.2% in the third quarter. MSI Financial Services Inc now owns 17,189 shares of the company’s stock worth $520,000 after buying an additional 1,726 shares during the last quarter. Capstone Asset Management Co. boosted its position in Mattel by 7.0% in the third quarter. Capstone Asset Management Co. now owns 27,371 shares of the company’s stock worth $829,000 after buying an additional 1,790 shares during the last quarter. Fox Run Management L.L.C. boosted its position in Mattel by 8.6% in the third quarter. Fox Run Management L.L.C. now owns 7,600 shares of the company’s stock worth $230,000 after buying an additional 600 shares during the last quarter. Finally, Atria Investments LLC boosted its position in Mattel by 49.3% in the third quarter. Atria Investments LLC now owns 28,023 shares of the company’s stock worth $849,000 after buying an additional 9,258 shares during the last quarter. Hedge funds and other institutional investors own 95.49% of the company’s stock.
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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