Roth Mkm Reiterates “Neutral” Rating for Mattel (NASDAQ:MAT)

Mattel (NASDAQ:MAT)‘s stock had its “neutral” rating reissued by investment analysts at Roth Mkm in a report issued on Wednesday, Benzinga reports. They currently have a $21.00 price objective on the stock. Roth Mkm’s target price would indicate a potential upside of 13.70% from the company’s current price.

A number of other research firms also recently commented on MAT. Jefferies Financial Group upped their price objective on Mattel from $19.00 to $20.00 and gave the stock a “hold” rating in a report on Friday, March 15th. Stifel Nicolaus dropped their price objective on Mattel from $26.00 to $23.00 and set a “buy” rating for the company in a report on Wednesday, January 24th. Roth Capital downgraded Mattel from a “buy” rating to a “neutral” rating in a report on Thursday, January 4th. TheStreet downgraded Mattel from a “b-” rating to a “c+” rating in a report on Wednesday, January 24th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $19.00 price target (down from $25.00) on shares of Mattel in a report on Wednesday, January 17th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $22.78.

Mattel Trading Down 3.7 %

Shares of Mattel stock opened at $18.47 on Wednesday. Mattel has a fifty-two week low of $16.20 and a fifty-two week high of $22.64. The firm has a market cap of $6.35 billion, a PE ratio of 22.25, a P/E/G ratio of 1.25 and a beta of 0.95. The business’s fifty day moving average is $19.30 and its two-hundred day moving average is $19.08. The company has a quick ratio of 1.90, a current ratio of 2.33 and a debt-to-equity ratio of 1.08.

Mattel (NASDAQ:MAT) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.07. Mattel had a return on equity of 24.25% and a net margin of 5.38%. The company had revenue of $809.50 million for the quarter, compared to analyst estimates of $833.52 million. During the same quarter in the prior year, the company posted ($0.24) EPS. The business’s revenue for the quarter was down .6% compared to the same quarter last year. Analysts anticipate that Mattel will post 1.37 earnings per share for the current year.

Institutional Trading of Mattel

Large investors have recently modified their holdings of the business. Trust Co. of Vermont grew its stake in shares of Mattel by 833.3% during the third quarter. Trust Co. of Vermont now owns 1,120 shares of the company’s stock valued at $25,000 after acquiring an additional 1,000 shares in the last quarter. Clearstead Advisors LLC bought a new position in shares of Mattel during the third quarter worth about $52,000. Y.D. More Investments Ltd bought a new position in shares of Mattel during the third quarter worth about $53,000. Fifth Third Bancorp lifted its position in shares of Mattel by 23.3% during the third quarter. Fifth Third Bancorp now owns 2,908 shares of the company’s stock worth $64,000 after purchasing an additional 550 shares during the last quarter. Finally, Partnership Wealth Management LLC bought a new position in shares of Mattel during the fourth quarter worth about $61,000. 97.15% of the stock is currently owned by institutional investors and hedge funds.

About Mattel

Mattel, Inc, a toy and family entertainment company, designs, manufactures, and markets toys and consumer products in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, as well as books, content, gaming, and lifestyle products for children under the Barbie, American Girl, Disney Princess and Disney Frozen, Monster High, and Polly Pocket brands; die-cast vehicles, tracks, playsets, and accessories for kids, adults, and collectors under the Hot Wheels, Hot Wheels Monster Trucks, Hot Wheels Mario Kart, Matchbox, and Cars brand names; and infant, toddler, and preschool products comprising content, toys, live events, and other consumer products under the Fisher-Price, Little People and Imaginext, and Thomas & Friends, and Power wheels brands.