November 25, 2016 - By Louis Casey · 0 Comments
Mattel Inc (NASDAQ:MAT) institutional sentiment decreased to 1.1 in Q2 2016. Its down -0.01, from 1.11 in 2016Q1. The ratio turned negative, as 256 investment managers increased or started new equity positions, while 230 reduced and sold stakes in Mattel Inc. The investment managers in our partner’s database now possess: 317.56 million shares, down from 320.13 million shares in 2016Q1. Also, the number of investment managers holding Mattel Inc in their top 10 equity positions decreased from 9 to 3 for a decrease of 6. Sold All: 68 Reduced: 162 Increased: 207 New Position: 49.
Mattel, Inc. manufactures and markets a range of toy products around the world. The company has a market cap of $11.28 billion. The Company’s divisions are North America; International and American Girl. It has a 31.1 P/E ratio. The Company’s 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.
The stock increased 1.19% or $0.38 during the last trading session, hitting $32.4. About 1.31 million shares traded hands. Mattel, Inc. (NASDAQ:MAT) has 0.00% since April 22, 2016 and is . It has underperformed by 5.41% the S&P500.
Analysts await Mattel, Inc. (NASDAQ:MAT) to report earnings on February, 6. They expect $0.72 earnings per share, up 14.29% or $0.09 from last year’s $0.63 per share. MAT’s profit will be $250.67 million for 11.25 P/E if the $0.72 EPS becomes a reality. After $0.70 actual earnings per share reported by Mattel, Inc. for the previous quarter, Wall Street now forecasts 2.86% EPS growth.
According to Zacks Investment Research, “Mattel, Inc. designs, manufactures, and markets a broad variety of family products on a worldwide basis through both sales to retailers and direct to consumers. Mattel’s business is dependent in great part on its ability each year to redesign, restyle and extend existing core products and product lines, to design and develop innovative new products and product lines, and successfully market those products and product lines.”
Penn Davis Mcfarland Inc holds 3.92% of its portfolio in Mattel, Inc. for 471,699 shares. Poplar Forest Capital Llc owns 1.21 million shares or 3.53% of their US portfolio. Moreover, Intrepid Capital Management Inc has 2.84% invested in the company for 229,390 shares. The Illinois-based Fairpointe Capital Llc has invested 2.75% in the stock. Kempen Capital Management N.V., a Netherlands-based fund reported 688,621 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 2 insider sales for $516,404 net activity.
Ratings analysis reveals 85% of Mattel Inc.’s analysts are positive. Out of 13 Wall Street analysts rating Mattel Inc., 11 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $22 while the high is $41. The stock’s average target of $33.15 is 2.31% above today’s ($32.4) share price. MAT was included in 19 notes of analysts from July 28, 2015. Piper Jaffray maintained Mattel, Inc. (NASDAQ:MAT) on Friday, August 14 with “Neutral” rating. M Partners upgraded the stock to “Buy” rating in Monday, October 10 report. The firm has “Buy” rating given on Monday, September 19 by Monness Crespi & Hardt. The firm has “Outperform” rating by BMO Capital Markets given on Monday, December 14. The stock has “Buy” rating given by Argus Research on Thursday, February 4. As per Tuesday, February 2, the company rating was upgraded by Stifel Nicolaus. The stock of Mattel, Inc. (NASDAQ:MAT) has “Hold” rating given on Wednesday, April 6 by Stifel Nicolaus. The stock has “Neutral” rating given by M Partners on Tuesday, April 5. B. Riley & Co maintained Mattel, Inc. (NASDAQ:MAT) rating on Thursday, October 20. B. Riley & Co has “Buy” rating and $41 price target. As per Thursday, April 7, the company rating was initiated by JP Morgan.
Mattel, Inc., incorporated on March 6, 1968, designs, makes, and markets a range of toy products around the world, which are sold to its clients and directly to consumers. The Company’s divisions are North America, which consists of the United States and Canada; International, and American Girl. The Company’s 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. The North America and International divisions sell products in the Mattel Girls & Boys Brands, Fisher-Price Brands, and Construction and Arts & Crafts Brands categories.
More news for Mattel, Inc. (NASDAQ:MAT) were recently published by: Seekingalpha.com, which released: “Mattel Expanding Margins For Christmas 2016” on November 24, 2016. Investorplace.com‘s article titled: “Mattel, Inc. (MAT) Makes Curvy Barbie Doll in Ashley Graham’s Likeness” and published on November 15, 2016 is yet another important article.
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By Louis Casey