Stifel Nicolaus reissued their hold rating on shares of Mattel, Inc. (NASDAQ:MAT) in a research report released on Sunday, April 23rd. Stifel Nicolaus currently has a $26.00 target price on the stock.

Several other brokerages also recently weighed in on MAT. MKM Partners reiterated a neutral rating and issued a $27.00 target price (down from $36.00) on shares of Mattel in a research note on Thursday, January 26th. B. Riley reissued a buy rating and issued a $35.00 price target (down from $41.00) on shares of Mattel in a report on Thursday, January 26th. Barclays PLC cut their price target on Mattel to $30.00 in a report on Thursday, January 26th. Monness Crespi & Hardt dropped their target price on Mattel from $37.00 to $34.00 and set a buy rating for the company in a research note on Thursday, January 26th. Finally, Jefferies Group LLC dropped their target price on Mattel to $32.00 in a research note on Thursday, January 26th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $30.75.

Mattel (NASDAQ:MAT) traded up 1.20% during midday trading on Friday, hitting $22.68. 5,713,178 shares of the stock traded hands. The company’s 50 day moving average price is $23.94 and its 200 day moving average price is $27.38. Mattel has a 12 month low of $21.55 and a 12 month high of $34.24. The firm has a market cap of $7.77 billion, a PE ratio of 28.46 and a beta of 0.90.

Mattel (NASDAQ:MAT) last released its earnings results on Thursday, April 20th. The company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by $0.15. Mattel had a return on equity of 15.52% and a net margin of 5.83%. The business had revenue of $735.60 million for the quarter, compared to analyst estimates of $797.60 million. During the same period in the prior year, the firm posted ($0.14) EPS. Mattel’s revenue was down 15.4% on a year-over-year basis. Equities research analysts predict that Mattel will post $1.20 earnings per share for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 9th. Shareholders of record on Friday, May 19th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 6.70%. The ex-dividend date is Wednesday, May 17th. Mattel’s payout ratio is currently 167.03%.

In other news, Director Dean A. Scarborough purchased 47,000 shares of the firm’s stock in a transaction on Monday, April 24th. The stock was purchased at an average cost of $21.95 per share, with a total value of $1,031,650.00. Following the purchase, the director now owns 77,573 shares in the company, valued at approximately $1,702,727.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christopher A. Sinclair acquired 9,610 shares of Mattel stock in a transaction dated Monday, February 13th. The shares were bought at an average cost of $25.97 per share, with a total value of $249,571.70. Following the completion of the purchase, the insider now owns 95,594 shares in the company, valued at $2,482,576.18. The disclosure for this purchase can be found here. 0.88% of the stock is currently owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the company. Brookstone Capital Management raised its stake in Mattel by 14.8% in the third quarter. Brookstone Capital Management now owns 128,142 shares of the company’s stock worth $3,880,000 after buying an additional 16,495 shares during the last quarter. DnB Asset Management AS raised its stake in Mattel by 10.5% in the third quarter. DnB Asset Management AS now owns 47,418 shares of the company’s stock worth $791,000 after buying an additional 4,500 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in Mattel by 1.6% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,026,883 shares of the company’s stock worth $31,094,000 after buying an additional 16,551 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in Mattel by 3.2% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 52,455 shares of the company’s stock worth $1,588,000 after buying an additional 1,633 shares during the last quarter. Finally, Shell Asset Management Co. raised its stake in Mattel by 0.5% in the third quarter. Shell Asset Management Co. now owns 342,461 shares of the company’s stock worth $10,370,000 after buying an additional 1,694 shares during the last quarter. 95.98% of the stock is owned by institutional investors and hedge funds.

About Mattel

Mattel, Inc manufactures and markets a range of toy products around the world. The Company’s segments are North America; International, and American Girl. Its portfolio of brands and products are grouped into approximately four major brand categories, including Mattel Girls & Boys Brands, Fisher-Price Brands, American Girl Brands and Construction and Arts & Crafts Brands.

5 Day Chart for NASDAQ:MAT

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