Mattel (NASDAQ:MAT) Rating Lowered to "Hold" at Wall Street Zen

Wall Street Zen downgraded shares of Mattel (NASDAQ:MAT - Free Report) from a buy rating to a hold rating in a research note issued to investors on Friday.

A number of other equities analysts also recently issued reports on MAT. The Goldman Sachs Group cut their price objective on shares of Mattel from $24.00 to $21.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. DA Davidson reissued a "buy" rating and set a $30.00 price target on shares of Mattel in a research report on Thursday, May 15th. Morgan Stanley boosted their price target on shares of Mattel from $16.00 to $17.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 6th. Finally, Citigroup increased their price objective on shares of Mattel from $22.00 to $24.00 and gave the company a "buy" rating in a research note on Monday, June 16th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $24.43.

Mattel Stock Up 1.7%

MAT stock traded up $0.33 during mid-day trading on Friday, reaching $19.80. 4,113,086 shares of the company traded hands, compared to its average volume of 3,640,927. The company has a quick ratio of 1.86, a current ratio of 2.43 and a debt-to-equity ratio of 1.10. The firm's 50 day moving average price is $18.27 and its 200 day moving average price is $18.67. The stock has a market cap of $6.39 billion, a price-to-earnings ratio of 12.69, a P/E/G ratio of 2.00 and a beta of 0.66. Mattel has a fifty-two week low of $13.95 and a fifty-two week high of $22.07.

Mattel (NASDAQ:MAT - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported ($0.03) earnings per share for the quarter, beating analysts' consensus estimates of ($0.11) by $0.08. Mattel had a return on equity of 25.80% and a net margin of 9.82%. The company had revenue of $826.60 million for the quarter, compared to analyst estimates of $791.49 million. During the same quarter last year, the company earned ($0.05) earnings per share. The company's revenue for the quarter was up 2.1% on a year-over-year basis. As a group, equities research analysts predict that Mattel will post 1.7 EPS for the current fiscal year.

Hedge Funds Weigh In On Mattel

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. AlphaQuest LLC increased its holdings in Mattel by 13.0% during the 1st quarter. AlphaQuest LLC now owns 4,782 shares of the company's stock worth $93,000 after acquiring an additional 551 shares during the period. Xponance Inc. lifted its stake in Mattel by 1.6% during the fourth quarter. Xponance Inc. now owns 46,262 shares of the company's stock worth $820,000 after purchasing an additional 739 shares during the last quarter. Yousif Capital Management LLC boosted its stake in Mattel by 0.7% in the first quarter. Yousif Capital Management LLC now owns 119,902 shares of the company's stock worth $2,330,000 after buying an additional 884 shares in the last quarter. Brighton Jones LLC grew its holdings in shares of Mattel by 7.4% during the 1st quarter. Brighton Jones LLC now owns 12,972 shares of the company's stock valued at $252,000 after purchasing an additional 890 shares during the last quarter. Finally, State of Michigan Retirement System lifted its stake in Mattel by 1.1% in the first quarter. State of Michigan Retirement System now owns 80,633 shares of the company's stock worth $1,567,000 after purchasing an additional 900 shares during the last quarter. 97.15% of the stock is owned by hedge funds and other institutional investors.

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.