Brokerages Set Mattel, Inc. (MAT) Target Price at $25.63

Paterniano Del Favero
Agosto 12, 2017

These firms have also modified their investment in MAT.

Dimensional Fund Advisors Lp says it increased its ownership in Mattel, Inc. shares by 82,627 shares as reported in a filing on 08/11/2017.

As of quarter end California Public Employees Retirement System had bought 14,300 shares growing its stake by 1.6%. Concorde Asset Management LLC now owns 11,172 shares of the company's stock valued at $241,000 after buying an additional 470 shares during the last quarter. Eqis Capital Management Inc. increased its stake in Mattel by 3.8% in the second quarter. First Interstate Bank now owns 6,682 shares of the company's stock worth $171,000 after buying an additional 4,700 shares in the last quarter. Mason Street Advisors Lc holds 0.03% or 46,790 shares in its portfolio. (NASDAQ:MAT). Of Vermont reported 2,206 shares. Brookstone Capital Management acquired 44,360 shares as Mattel Inc (MAT)'s stock declined 15.13%.

The company is trading down by -1.30 percent from yesterday's close.

It is now trading at $17.51 significantly lower than the 50 day moving average of $20.38 and much lower than the 200 day moving average of $23.30. While the company's share hit the 52 week high on 08/15/16 stationing the value of $34.20.

Mattel, Inc. now has a P/E ratio of 25.12 and the market value is 6.00B. (NASDAQ:MAT) earned "Hold" rating by Jefferies on Friday, July 28. The company reported ($0.14) EPS for the quarter, missing analysts' consensus estimates of ($0.09) by $0.05. The business had revenue of $974.50 million for the quarter, compared to analysts' expectations of $972.36 million. Mattel, Inc. (NASDAQ:MAT) has declined 26.92% since August 11, 2016 and is downtrending. The business's revenue for the quarter was up 1.8% compared to the same quarter a year ago. The hedge fund held 160,617 shares of the package goods and cosmetics company at the end of 2016Q4, valued at $6.54 million, up from 148,265 at the end of the previous reported quarter. In the last earnings report the EPS was $0.70 and is expected to be $0.80 for the current year with 342,726,000 shares outstanding.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Wednesday, August 23rd will be issued a $0.15 dividend. This dividend represents a yeild of $3.33 which is the dividend as a percentage of the current share price. The ex-dividend date of this dividend is Monday, August 21st. Mattel's dividend payout ratio is 220.29%.

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Several research firms recently weighed in on MAT. Argus lowered shares of Mattel from a "buy" rating to a "hold" rating in a research note on Friday, April 28th. Monness Crespi & Hardt reduced their price target on shares of Mattel from $34.00 to $29.00 and set a "buy" rating for the company in a report on Friday, April 21st. Finally, Wells Fargo & Company reiterated an "outperform" rating on shares of Mattel in a research note on Sunday, April 23rd.

6/15/2017 - Mattel was downgraded by analysts at DA Davidson from a "buy" rating to a "neutral" rating. The stock presently has an average rating of "Hold" and a consensus target price of $26.53.

In related news, CEO Mary Margaret Hasti Georgiadis purchased 12,660 shares of the company's stock in a transaction dated Tuesday, August 1st. The total value of its holdings decreased 27.9%. Following the transaction, the chief executive officer now directly owns 116,788 shares in the company, valued at $2,290,212.68. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Moody National Bank Trust Division now owns 20,672 shares of the company's stock valued at $529,000 after buying an additional 57 shares during the period.

Mattel, Inc manufactures and markets a range of toy products around the world. The Company's Community Banking segment consists of First National Bank of Pennsylvania, which offers services, including commercial and individual demand, savings and time deposit accounts and commercial, mortgage and individual installment loans. 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.

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