Several other research firms have also issued reports on MAT. Vetr raised shares of Mattel from a sell rating to a buy rating and set a $36.30 price target for the company in a research report on Monday, August 15th. Citigroup Inc. raised their price objective on shares of Mattel from $36.00 to $38.00 and gave the stock a buy rating in a report on Monday, August 15th. B. Riley reaffirmed a buy rating and set a $38.00 price objective on shares of Mattel in a report on Thursday, July 21st. Piper Jaffray Cos. reaffirmed a neutral rating and set a $30.00 price objective (up previously from $28.00) on shares of Mattel in a report on Friday, July 22nd. Finally, Jefferies Group set a $36.00 price objective on shares of Mattel and gave the stock a buy rating in a report on Thursday, July 21st. Five research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued 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) opened at 29.60 on Monday. The firm has a market cap of $10.08 billion, a P/E ratio of 29.31 and a beta of 0.99. The stock’s 50 day moving average price is $31.72 and its 200-day moving average price is $32.11. Mattel has a 12 month low of $22.00 and a 12 month high of $34.76.
Mattel (NASDAQ:MAT) last posted its quarterly earnings results on Wednesday, July 20th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.03. Mattel had a net margin of 6.17% and a return on equity of 16.23%. The firm earned $957.30 million during the quarter, compared to analyst estimates of $937.85 million. During the same quarter in the prior year, the business posted $0.01 earnings per share. The company’s quarterly revenue was down 3.1% compared to the same quarter last year. Equities research analysts anticipate that Mattel will post $1.34 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Tuesday, August 23rd were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, August 19th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 5.13%. Mattel’s dividend payout ratio is 149.02%.
In other news, EVP Geoffrey H. Walker sold 7,128 shares of Mattel stock in a transaction on Tuesday, August 30th. The shares were sold at an average price of $33.57, for a total transaction of $239,286.96. Following the transaction, the executive vice president now directly owns 39,348 shares of the company’s stock, valued at $1,320,912.36. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.88% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Capstone Asset Management Co. boosted its position in shares of 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 in the last quarter. Fox Run Management L.L.C. boosted its position in shares of 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 in the last quarter. Atria Investments LLC boosted its position in shares of 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 in the last quarter. Creative Planning boosted its position in shares of Mattel by 3.9% in the third quarter. Creative Planning now owns 17,761 shares of the company’s stock worth $538,000 after buying an additional 661 shares in the last quarter. Finally, Advisory Services Network LLC boosted its position in shares of Mattel by 128.8% in the third quarter. Advisory Services Network LLC now owns 58,663 shares of the company’s stock worth $1,776,000 after buying an additional 33,019 shares in the last quarter. 95.49% of the stock is currently owned by institutional investors.
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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