DA Davidson set a $13.00 price objective on Mattel (NASDAQ:MAT) in a research note published on Friday morning, TipRanks reports. The brokerage currently has a hold rating on the stock.

A number of other equities research analysts also recently weighed in on the company. BidaskClub downgraded Zai Lab from a strong-buy rating to a buy rating in a research report on Friday. Cfra restated a hold rating on shares of Mattel in a research report on Friday, July 19th. MKM Partners upped their target price on Mattel from $13.00 to $14.00 and gave the stock a neutral rating in a research report on Friday, April 26th. Zacks Investment Research downgraded Guaranty Federal Bancshares from a hold rating to a sell rating in a research report on Tuesday, April 23rd. Finally, UBS Group set a $70.00 target price on Lumentum and gave the stock a buy rating in a research report on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company’s stock. Mattel has a consensus rating of Hold and a consensus target price of $14.31.

MAT stock traded down $0.07 on Friday, reaching $14.10. The company’s stock had a trading volume of 81,699 shares, compared to its average volume of 4,074,063. Mattel has a 52 week low of $9.09 and a 52 week high of $17.26. The company has a market capitalization of $4.89 billion, a P/E ratio of -12.49 and a beta of 1.55. The business has a fifty day simple moving average of $11.59. The company has a debt-to-equity ratio of 6.78, a current ratio of 1.78 and a quick ratio of 1.11.

Mattel (NASDAQ:MAT) last issued its quarterly earnings data on Thursday, July 25th. The company reported ($0.25) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.10. The business had revenue of $860.10 million during the quarter, compared to analyst estimates of $822.24 million. Mattel had a negative return on equity of 28.70% and a negative net margin of 6.00%. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.56) EPS. Research analysts anticipate that Mattel will post -0.58 earnings per share for the current fiscal year.

Several large investors have recently made changes to their positions in MAT. Bessemer Group Inc. lifted its position in shares of Mattel by 361.4% during the 2nd quarter. Bessemer Group Inc. now owns 2,353 shares of the company’s stock valued at $27,000 after acquiring an additional 1,843 shares during the last quarter. Legacy Advisors LLC acquired a new stake in shares of Mattel during the 1st quarter valued at $39,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of Mattel during the 2nd quarter valued at $49,000. AdvisorNet Financial Inc acquired a new stake in shares of Mattel during the 2nd quarter valued at $50,000. Finally, Machina Capital S.A.S. acquired a new stake in shares of Mattel during the 2nd quarter valued at $68,000.

About Mattel

Mattel, Inc, a children's entertainment company, designs and produces toys and consumer products worldwide. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, content, gaming, and lifestyle products for children under the Barbie brand; diecast cars, tracks, playsets, and play products for kids, adults, and collectors under the Hot Wheels brand name; content, toy, live events, and other lifestyle products under the Fisher-Price and Thomas & Friends brands; and dolls and books under the American Girl brand name.

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Analyst Recommendations for Mattel (NASDAQ:MAT)

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