Roth Mkm Reiterates "Neutral" Rating for Mattel (NASDAQ:MAT)

Roth Mkm reiterated their neutral rating on shares of Mattel (NASDAQ:MAT - Free Report) in a report published on Wednesday, Benzinga reports. Roth Mkm currently has a $21.00 target price on the stock.

MAT has been the subject of a number of other research reports. Morgan Stanley restated an equal weight rating and set a $19.00 price target (down previously from $25.00) on shares of Mattel in a report on Wednesday, January 17th. StockNews.com raised Mattel from a hold rating to a buy rating in a research note on Monday, February 26th. Jefferies Financial Group upped their price target on Mattel from $19.00 to $20.00 and gave the company a hold rating in a research note on Friday, March 15th. JPMorgan Chase & Co. cut Mattel from an overweight rating to a neutral rating and decreased their price objective for the company from $24.00 to $19.00 in a research note on Monday, February 5th. Finally, Roth Capital downgraded Mattel from a buy rating to a neutral rating in a research note on Thursday, January 4th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Mattel currently has an average rating of Moderate Buy and an average target price of $22.78.

Mattel Price Performance

Shares of NASDAQ MAT traded up $0.45 during mid-day trading on Wednesday, reaching $19.18. The company's stock had a trading volume of 6,388,152 shares, compared to its average volume of 3,019,770. The stock has a 50-day moving average of $19.30 and a two-hundred day moving average of $19.08. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.90 and a current ratio of 2.33. The stock has a market capitalization of $6.60 billion, a P/E ratio of 31.44, a P/E/G ratio of 1.24 and a beta of 0.95. Mattel has a 1-year low of $16.20 and a 1-year high of $22.64.

Mattel (NASDAQ:MAT - Get Free Report) last released its earnings results on Tuesday, April 23rd. The company reported ($0.05) earnings per share for the quarter, topping analysts' consensus estimates of ($0.12) by $0.07. The business had revenue of $809.50 million for the quarter, compared to analyst estimates of $833.52 million. Mattel had a net margin of 3.94% and a return on equity of 21.25%. The business's revenue was down .6% on a year-over-year basis. During the same period last year, the company posted ($0.24) EPS. On average, equities research analysts anticipate that Mattel will post 1.37 EPS for the current fiscal year.

Institutional Investors Weigh In On Mattel

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MAT. Fifth Third Bancorp grew its stake in Mattel by 23.3% in the third quarter. Fifth Third Bancorp now owns 2,908 shares of the company's stock valued at $64,000 after acquiring an additional 550 shares during the period. Oak Family Advisors LLC grew its stake in Mattel by 0.9% in the fourth quarter. Oak Family Advisors LLC now owns 60,189 shares of the company's stock valued at $1,136,000 after acquiring an additional 559 shares during the period. Treasurer of the State of North Carolina grew its stake in Mattel by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 154,594 shares of the company's stock valued at $3,406,000 after acquiring an additional 780 shares during the period. Panagora Asset Management Inc. grew its stake in Mattel by 7.4% in the fourth quarter. Panagora Asset Management Inc. now owns 11,861 shares of the company's stock valued at $224,000 after acquiring an additional 816 shares during the period. Finally, Vanguard Personalized Indexing Management LLC grew its stake in Mattel by 6.0% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 17,398 shares of the company's stock valued at $383,000 after acquiring an additional 989 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.