BidaskClub upgraded shares of Mattel (NASDAQ:MAT) from a sell rating to a hold rating in a report issued on Friday morning, BidAskClub reports.

MAT has been the subject of several other research reports. MKM Partners raised their price objective on Mattel from $13.00 to $14.00 and gave the company a neutral rating in a report on Friday, April 26th. Zacks Investment Research cut Guaranty Federal Bancshares from a hold rating to a sell rating in a report on Tuesday, April 23rd. JPMorgan Chase & Co. assumed coverage on INTL CONS AIRL/S in a report on Tuesday, June 4th. They set an overweight rating for the company. UBS Group set a $70.00 price target on Lumentum and gave the stock a buy rating in a report on Wednesday, May 8th. Finally, Cfra reiterated a hold rating on shares of Mattel in a report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company. The company presently has an average rating of Hold and an average price target of $14.31.

MAT opened at $14.17 on Friday. The firm has a 50-day moving average price of $11.59. Mattel has a 1 year low of $9.09 and a 1 year high of $17.26. The firm has a market cap of $4.89 billion, a P/E ratio of -12.43 and a beta of 1.55. 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 announced its quarterly earnings data on Thursday, July 25th. The company reported ($0.25) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.35) by $0.10. The company had revenue of $860.10 million during the quarter, compared to analysts’ expectations of $822.24 million. Mattel had a negative return on equity of 28.70% and a negative net margin of 6.00%. Mattel’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter last year, the company earned ($0.56) EPS. Research analysts expect that Mattel will post -0.58 EPS for the current year.

Several large investors have recently modified their holdings of the company. First Trust Advisors LP purchased a new position in shares of Mattel in the fourth quarter valued at $739,000. Raymond James & Associates increased its position in shares of Mattel by 61.5% in the fourth quarter. Raymond James & Associates now owns 19,384 shares of the company’s stock valued at $194,000 after buying an additional 7,382 shares in the last quarter. Advisor Group Inc. increased its position in shares of Mattel by 6.5% in the fourth quarter. Advisor Group Inc. now owns 10,461 shares of the company’s stock valued at $103,000 after buying an additional 640 shares in the last quarter. Municipal Employees Retirement System of Michigan purchased a new position in shares of Mattel in the fourth quarter valued at $88,000. Finally, Amundi Pioneer Asset Management Inc. increased its position in shares of Mattel by 15.0% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 149,798 shares of the company’s stock valued at $1,497,000 after buying an additional 19,564 shares in the last quarter.

Mattel Company Profile

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.

Featured Story: What is the definition of arbitrage?

Analyst Recommendations for Mattel (NASDAQ:MAT)

Receive News & Ratings for Mattel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mattel and related companies with MarketBeat.com's FREE daily email newsletter.