Mattel (NASDAQ:MAT) Shares Up 5.8%

Share on StockTwits

Mattel Inc (NASDAQ:MAT) rose 5.8% on Tuesday . The stock traded as high as $10.73 and last traded at $10.68, approximately 5,011,764 shares changed hands during trading. A decline of 25% from the average daily volume of 6,679,675 shares. The stock had previously closed at $10.09.

MAT has been the subject of several recent analyst reports. BidaskClub cut Mattel from a “hold” rating to a “sell” rating in a research note on Wednesday, August 21st. JPMorgan Chase & Co. upgraded shares of Mattel from a “neutral” rating to an “overweight” rating in a research note on Tuesday, June 4th. DA Davidson reissued a “neutral” rating on shares of Mattel in a report on Tuesday, July 30th. UBS Group reduced their price objective on shares of Mattel from $13.00 to $10.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Finally, Cfra restated a “hold” rating on shares of Mattel in a report on Friday, July 19th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $14.00.

The stock has a market cap of $3.49 billion, a PE ratio of -9.37 and a beta of 1.68. The business has a 50 day moving average of $11.31 and a 200-day moving average of $12.08. The company has a current ratio of 1.78, a quick ratio of 1.11 and a debt-to-equity ratio of 6.78.

Mattel (NASDAQ:MAT) last issued its quarterly earnings data on Thursday, July 25th. The company reported ($0.25) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.35) by $0.10. The company had revenue of $860.10 million during the quarter, compared to analysts’ expectations of $822.24 million. Mattel had a negative return on equity of 28.70% and a negative net margin of 6.00%. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.56) earnings per share. Research analysts expect that Mattel Inc will post -0.58 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in the company. Bessemer Group Inc. boosted its stake in Mattel by 361.4% during the 2nd quarter. Bessemer Group Inc. now owns 2,353 shares of the company’s stock worth $27,000 after purchasing an additional 1,843 shares during the period. Steward Partners Investment Advisory LLC purchased a new position in Mattel during the 2nd quarter worth $49,000. AdvisorNet Financial Inc purchased a new position in Mattel during the 2nd quarter worth $50,000. Machina Capital S.A.S. acquired a new position in Mattel in the second quarter valued at $68,000. Finally, Natixis acquired a new position in Mattel in the second quarter valued at $121,000.

Mattel Company Profile (NASDAQ:MAT)

Mattel, Inc, a children's entertainment company, designs and produces toys and consumer products worldwide. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, content, gaming, and lifestyle products for children under the Barbie brand; diecast cars, tracks, playsets, and play products for kids, adults, and collectors under the Hot Wheels brand name; content, toy, live events, and other lifestyle products under the Fisher-Price and Thomas & Friends brands; and dolls and books under the American Girl brand name.

Featured Article: Systematic Risk and Investors

Receive News & Ratings for Mattel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mattel and related companies with's FREE daily email newsletter.