Mattel (NASDAQ:MAT) Downgraded by StockNews.com to Hold

StockNews.com lowered shares of Mattel (NASDAQ:MAT) from a buy rating to a hold rating in a research note released on Friday.

A number of other research analysts also recently commented on MAT. Morgan Stanley boosted their price target on Mattel from $21.00 to $22.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. upped their price target on shares of Mattel from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Bank of America lifted their price objective on shares of Mattel from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, DA Davidson restated a “buy” rating and set a $27.00 target price on shares of Mattel in a research note on Thursday, October 24th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Mattel has a consensus rating of “Hold” and a consensus target price of $23.86.

Mattel Price Performance

Shares of NASDAQ MAT opened at $18.64 on Friday. The business has a fifty day moving average price of $18.45 and a two-hundred day moving average price of $18.75. The stock has a market capitalization of $6.28 billion, a PE ratio of 11.65, a P/E/G ratio of 0.89 and a beta of 0.75. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.45 and a quick ratio of 1.88. Mattel has a fifty-two week low of $15.87 and a fifty-two week high of $20.59.

Hedge Funds Weigh In On Mattel

Institutional investors and hedge funds have recently bought and sold shares of the company. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in Mattel in the 4th quarter valued at approximately $212,000. Kestra Investment Management LLC increased its holdings in Mattel by 45.5% in the fourth quarter. Kestra Investment Management LLC now owns 45,349 shares of the company’s stock valued at $804,000 after purchasing an additional 14,185 shares during the period. Venturi Wealth Management LLC increased its holdings in Mattel by 175.1% in the fourth quarter. Venturi Wealth Management LLC now owns 4,669 shares of the company’s stock valued at $83,000 after purchasing an additional 2,972 shares during the period. CIBC Asset Management Inc raised its position in Mattel by 5.8% during the 4th quarter. CIBC Asset Management Inc now owns 10,962 shares of the company’s stock worth $194,000 after purchasing an additional 601 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in Mattel during the 4th quarter worth about $1,025,000. Institutional investors and hedge funds own 97.15% of the company’s stock.

Mattel Company Profile

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.