Mattel (MAT) Cut to “Neutral” at UBS Group

Mattel (NASDAQ:MAT) was downgraded by analysts at UBS Group from a “buy” rating to a “neutral” rating in a report issued on Monday, The Fly reports.

Several other brokerages also recently weighed in on MAT. BidaskClub upgraded Mattel from a “hold” rating to a “buy” rating in a research report on Friday. Citigroup upped their price objective on Mattel from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Thursday. Jefferies Financial Group downgraded Mattel from a “hold” rating to an “underperform” rating and set a $22.00 price objective for the company. in a research report on Monday, February 26th. Barclays downgraded Mattel from an “equal weight” rating to an “underweight” rating and set a $16.00 price objective for the company. in a research report on Friday, March 9th. Finally, Zacks Investment Research upgraded Mattel from a “sell” rating to a “hold” rating in a research report on Tuesday, May 15th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $17.55.

Shares of NASDAQ:MAT traded up $0.10 during trading on Monday, reaching $17.78. 412,508 shares of the company traded hands, compared to its average volume of 3,924,693. The company has a market cap of $6.08 billion, a price-to-earnings ratio of -16.46 and a beta of 0.99. The company has a debt-to-equity ratio of 2.92, a quick ratio of 1.56 and a current ratio of 2.25. Mattel has a 52 week low of $12.21 and a 52 week high of $21.67.



Mattel (NASDAQ:MAT) last released its earnings results on Thursday, April 26th. The company reported ($0.60) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.21). Mattel had a negative net margin of 25.79% and a negative return on equity of 32.79%. The company had revenue of $708.40 million for the quarter, compared to the consensus estimate of $687.70 million. During the same quarter in the previous year, the company posted ($0.32) earnings per share. The business’s revenue was down 3.7% compared to the same quarter last year. research analysts predict that Mattel will post -0.54 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Nomura Asset Management Co. Ltd. increased its holdings in Mattel by 6.8% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 55,671 shares of the company’s stock worth $856,000 after purchasing an additional 3,551 shares in the last quarter. Allianz Asset Management GmbH increased its stake in shares of Mattel by 15.4% in the first quarter. Allianz Asset Management GmbH now owns 26,898 shares of the company’s stock valued at $354,000 after buying an additional 3,596 shares during the period. Amalgamated Bank increased its stake in shares of Mattel by 9.6% in the fourth quarter. Amalgamated Bank now owns 43,542 shares of the company’s stock valued at $670,000 after buying an additional 3,804 shares during the period. Norinchukin Bank The increased its stake in shares of Mattel by 12.6% in the first quarter. Norinchukin Bank The now owns 36,116 shares of the company’s stock valued at $475,000 after buying an additional 4,033 shares during the period. Finally, MML Investors Services LLC increased its stake in shares of Mattel by 30.4% in the fourth quarter. MML Investors Services LLC now owns 19,241 shares of the company’s stock valued at $296,000 after buying an additional 4,489 shares during the period.

About Mattel

Mattel, Inc designs, manufactures, and markets a range of toy products worldwide. The company operates in three segments: North America, International, and American Girl. It offers Mattel Girls & Boys branded products, including Barbie dolls and accessories, Monster High, DC Super Hero Girls, Enchantimals, Polly Pocket, Hot Wheels and Matchbox vehicles and play sets, CARS, DC Comics, WWE Wrestling, Minecraft, Toy Story, and games and puzzles.

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