Mattel Inc. (NASDAQ:MAT)‘s stock had its “buy” rating reaffirmed by research analysts at B. Riley in a note issued to investors on Monday. They currently have a $41.00 price target on the stock. B. Riley’s price objective would indicate a potential upside of 30.10% from the stock’s previous close.
MAT has been the subject of several other research reports. Citigroup Inc. increased their target price on shares of Mattel from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Monday, August 15th. Vetr upgraded shares of Mattel from a “sell” rating to a “buy” rating and set a $36.30 target price for the company in a research note on Monday, August 15th. Jefferies Group reiterated a “buy” rating and issued a $36.00 target price on shares of Mattel in a research note on Thursday, October 13th. MKM Partners upgraded shares of Mattel from a “neutral” rating to a “buy” rating and set a $36.00 target price for the company in a research note on Monday, October 10th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $40.00 target price on shares of Mattel in a research note on Tuesday, October 4th. Six research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $35.38.
Mattel (NASDAQ:MAT) traded down 2.81% during trading on Monday, hitting $31.49. The stock had a trading volume of 4,703,011 shares. Mattel has a 52 week low of $23.85 and a 52 week high of $34.76. The company has a market cap of $10.77 billion, a PE ratio of 30.11 and a beta of 0.98. The stock has a 50-day moving average price of $31.23 and a 200-day moving average price of $31.89.
Mattel (NASDAQ:MAT) last released its quarterly earnings results on Wednesday, October 19th. The company reported $0.70 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.71 by $0.01. Mattel had a net margin of 6.39% and a return on equity of 16.55%. The firm had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $940.30 million. During the same quarter last year, the company earned $0.71 earnings per share. The firm’s revenue was up .2% on a year-over-year basis. Equities analysts predict that Mattel will post $1.29 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 9th. Stockholders of record on Tuesday, November 22nd will be given a dividend of $0.38 per share. The ex-dividend date is Friday, November 18th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.82%. Mattel’s dividend payout ratio is 146.16%.
In other Mattel news, Director Dominic Ng sold 9,000 shares of Mattel stock in a transaction on Monday, November 21st. The shares were sold at an average price of $30.79, for a total value of $277,110.00. Following the sale, the director now directly owns 14,000 shares in the company, valued at approximately $431,060. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 completion of the sale, the executive vice president now owns 39,348 shares in the company, valued at $1,320,912.36. The disclosure for this sale can be found here. 0.88% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of the stock. Columbia Asset Management raised its stake in shares of Mattel by 82.4% in the fourth quarter. Columbia Asset Management now owns 74,583 shares of the company’s stock valued at $2,026,000 after buying an additional 33,694 shares during the last quarter. Russell Frank Co raised its stake in shares of Mattel by 1.2% in the fourth quarter. Russell Frank Co now owns 224,108 shares of the company’s stock valued at $6,150,000 after buying an additional 2,634 shares during the last quarter. Alps Advisors Inc. raised its position in Mattel by 28.5% in the second quarter. Alps Advisors Inc. now owns 851,254 shares of the company’s stock valued at $26,636,000 after buying an additional 188,960 shares in the last quarter. Argent Capital Management LLC purchased a new position in Mattel during the fourth quarter valued at $12,655,000. Finally, Commerzbank Aktiengesellschaft FI raised its position in Mattel by 37.5% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 234,933 shares of the company’s stock valued at $6,383,000 after buying an additional 64,090 shares in the last quarter. Hedge funds and other institutional investors own 94.43% of the company’s stock.
Mattel Company Profile