Mattel (NASDAQ:MAT) Lowered to "Hold" Rating by StockNews.com

Mattel (NASDAQ:MAT - Get Free Report) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued to investors on Tuesday.

Several other research firms have also recently weighed in on MAT. Morgan Stanley increased their price target on Mattel from $22.00 to $23.00 and gave the company an "equal weight" rating in a report on Wednesday, February 5th. DA Davidson increased their target price on Mattel from $27.00 to $30.00 and gave the company a "buy" rating in a report on Wednesday, February 5th. Finally, Jefferies Financial Group raised Mattel from a "hold" rating to a "buy" rating and raised their target price for the stock from $20.00 to $28.00 in a research report on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, Mattel has a consensus rating of "Moderate Buy" and an average price target of $25.57.

Mattel Stock Performance

Shares of Mattel stock traded up $0.33 during trading on Tuesday, hitting $21.00. 2,993,355 shares of the company's stock traded hands, compared to its average volume of 3,203,699. Mattel has a 1 year low of $15.87 and a 1 year high of $22.07. The business has a 50-day simple moving average of $19.58 and a 200-day simple moving average of $19.18. The stock has a market capitalization of $7.00 billion, a P/E ratio of 13.13, a PEG ratio of 2.35 and a beta of 0.76. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.38 and a quick ratio of 2.00.

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Mattel (NASDAQ:MAT - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.15. Mattel had a net margin of 10.07% and a return on equity of 25.94%. During the same period last year, the firm earned $0.29 earnings per share. As a group, analysts forecast that Mattel will post 1.7 EPS for the current year.

Institutional Trading of Mattel

Several hedge funds have recently bought and sold shares of the stock. EdgePoint Investment Group Inc. lifted its position in shares of Mattel by 14.9% during the 4th quarter. EdgePoint Investment Group Inc. now owns 46,174,919 shares of the company's stock valued at $818,681,000 after buying an additional 5,984,400 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Mattel by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 33,134,174 shares of the company's stock valued at $587,469,000 after purchasing an additional 355,769 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Mattel by 15.9% in the fourth quarter. Franklin Resources Inc. now owns 10,843,505 shares of the company's stock worth $192,255,000 after purchasing an additional 1,491,282 shares during the period. State Street Corp increased its stake in shares of Mattel by 3.1% in the third quarter. State Street Corp now owns 10,517,270 shares of the company's stock worth $200,354,000 after purchasing an additional 318,125 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Mattel by 7.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,673,295 shares of the company's stock valued at $118,318,000 after purchasing an additional 453,390 shares during the period. Institutional investors own 97.15% of the company's stock.

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.