Wells Fargo & Co restated their outperform rating on shares of Mattel, Inc. (NASDAQ:MAT) in a report released on Sunday, April 23rd.

A number of other research analysts have also issued reports on MAT. B. Riley reiterated a buy rating and issued a $41.00 price objective on shares of Mattel in a report on Tuesday, December 27th. Zacks Investment Research upgraded shares of Mattel from a sell rating to a hold rating in a report on Thursday, January 5th. Vetr lowered shares of Mattel from a strong-buy rating to a buy rating and set a $33.95 price objective for the company. in a report on Tuesday, January 17th. Jefferies Group LLC lowered their price target on shares of Mattel to $32.00 in a report on Thursday, January 26th. Finally, Monness Crespi & Hardt lowered their price target on shares of Mattel from $37.00 to $34.00 and set a buy rating for the company in a report on Thursday, January 26th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $30.75.

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

Mattel (NASDAQ:MAT) last issued its quarterly earnings data on Thursday, April 20th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by $0.15. The business had revenue of $735.60 million during the quarter, compared to the consensus estimate of $797.60 million. Mattel had a net margin of 5.83% and a return on equity of 15.52%. The firm’s quarterly revenue was down 15.4% compared to the same quarter last year. During the same quarter last year, the business earned ($0.14) EPS. Equities research analysts expect that Mattel will post $1.20 EPS for the current 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 issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 6.70%. The ex-dividend date is Wednesday, May 17th. Mattel’s dividend payout ratio is 167.03%.

In other Mattel news, Director Dean A. Scarborough bought 47,000 shares of the stock in a transaction dated Monday, April 24th. The shares were bought at an average cost of $21.95 per share, for a total transaction of $1,031,650.00. Following the purchase, the director now directly owns 77,573 shares of the company’s stock, valued at approximately $1,702,727.35. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Christopher A. Sinclair bought 9,610 shares of the stock in a transaction dated Monday, February 13th. The shares were acquired at an average price of $25.97 per share, for a total transaction of $249,571.70. Following the completion of the purchase, the insider now directly 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 owned by insiders.

Several large investors have recently added to or reduced their stakes in the company. Moody National Bank Trust Division boosted its stake in Mattel by 0.3% in the first quarter. Moody National Bank Trust Division now owns 20,672 shares of the company’s stock worth $529,000 after buying an additional 57 shares during the last quarter. Bollard Group LLC boosted its stake in Mattel by 1.5% in the first quarter. Bollard Group LLC now owns 4,200 shares of the company’s stock worth $108,000 after buying an additional 62 shares during the last quarter. Cleararc Capital Inc. boosted its stake in Mattel by 0.8% in the first quarter. Cleararc Capital Inc. now owns 8,394 shares of the company’s stock worth $215,000 after buying an additional 69 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in Mattel by 0.5% in the third quarter. Municipal Employees Retirement System of Michigan now owns 17,810 shares of the company’s stock worth $539,000 after buying an additional 90 shares during the last quarter. Finally, Ffcm LLC boosted its stake in Mattel by 0.9% in the first quarter. Ffcm LLC now owns 13,168 shares of the company’s stock worth $338,000 after buying an additional 116 shares during the last quarter. Institutional investors own 95.98% of the company’s stock.

Mattel Company Profile

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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