Can analysts adopt a bullish outlook for Mattel, Inc. (NASDAQ:MAT)?

September 30, 2018 - By Mary Kidd

Mattel, Inc. (NASDAQ:MAT) LogoInvestors sentiment decreased to 0.69 in Q2 2018. Its down 0.09, from 0.78 in 2018Q1. It worsened, as 58 investors sold Mattel, Inc. shares while 109 reduced holdings. 37 funds opened positions while 78 raised stakes. 403.50 million shares or 0.61% more from 401.07 million shares in 2018Q1 were reported.
Capital Rech Global, California-based fund reported 12.13M shares. Utah Retirement has invested 0.02% in Mattel, Inc. (NASDAQ:MAT). Daiwa Securities Group invested in 0% or 12,604 shares. Teachers Retirement Sys Of The State Of Kentucky accumulated 39,266 shares. 28,555 were reported by First Manhattan. Glenmede Trust Communications Na holds 0% of its portfolio in Mattel, Inc. (NASDAQ:MAT) for 2,251 shares. Proshare Ltd holds 0.01% or 46,022 shares in its portfolio. Exane Derivatives, France-based fund reported 13,935 shares. Moreover, United Ser Automobile Association has 0.33% invested in Mattel, Inc. (NASDAQ:MAT) for 992,652 shares. Moreover, Bessemer Grp Incorporated has 0% invested in Mattel, Inc. (NASDAQ:MAT). Apg Asset Mgmt Nv invested in 508,989 shares or 0.01% of the stock. 55,430 are owned by Wealthfront. Nordea Ab, Sweden-based fund reported 21,137 shares. Cwm Limited Liability, Nebraska-based fund reported 66 shares. Captrust Financial Advsrs reported 500 shares.

Mattel, Inc. (NASDAQ:MAT) Ratings Coverage

Among 6 analysts covering Mattel (NASDAQ:MAT), 2 have Buy rating, 0 Sell and 4 Hold. Therefore 33% are positive. Mattel had 11 analyst reports since April 4, 2018 according to SRatingsIntel. DA Davidson upgraded the stock to “Neutral” rating in Friday, July 27 report. Stifel Nicolaus maintained it with “Hold” rating and $16 target in Tuesday, July 10 report. As per Thursday, June 14, the company rating was maintained by Citigroup. The stock of Mattel, Inc. (NASDAQ:MAT) has “Hold” rating given on Wednesday, April 4 by Stifel Nicolaus. UBS maintained it with “Neutral” rating and $16 target in Thursday, August 16 report. On Tuesday, June 19 the stock rating was downgraded by UBS to “Neutral”. Jefferies upgraded the shares of MAT in report on Wednesday, April 11 to “Hold” rating. Citigroup maintained Mattel, Inc. (NASDAQ:MAT) on Wednesday, August 8 with “Buy” rating. Jefferies maintained the shares of MAT in report on Thursday, August 2 with “Hold” rating. The stock of Mattel, Inc. (NASDAQ:MAT) has “Underperform” rating given on Thursday, June 28 by DA Davidson. Below is a list of Mattel, Inc. (NASDAQ:MAT) latest ratings and price target changes.

16/08/2018 Broker: UBS Old Rating: Neutral New Rating: Neutral Old Target: $18 New Target: $16 Maintain
08/08/2018 Broker: Citigroup Old Rating: Buy New Rating: Buy Old Target: $21 New Target: $19 Maintain
02/08/2018 Broker: Jefferies Old Rating: Hold New Rating: Hold Old Target: $13 New Target: $14 Maintain
27/07/2018 Broker: DA Davidson Old Rating: Underperform New Rating: Neutral Old Target: $12 New Target: $14 Upgrade
10/07/2018 Broker: Stifel Nicolaus Old Rating: Hold New Rating: Hold Old Target: $15 New Target: $16 Maintain
28/06/2018 Broker: DA Davidson Old Rating: Neutral New Rating: Underperform Downgrade
19/06/2018 Broker: UBS Old Rating: Buy New Rating: Neutral Old Target: $16 Downgrade
14/06/2018 Broker: Citigroup Old Rating: Buy New Rating: Buy Old Target: $20 New Target: $21 Maintain
30/04/2018 Broker: BMO Capital Markets Old Rating: Outperform New Rating: Outperform Old Target: $17 New Target: $20 Maintain
11/04/2018 Broker: Jefferies Old Rating: Underperform New Rating: Hold Upgrade

The stock decreased 1.75% or $0.28 during the last trading session, reaching $15.7. About 5.77 million shares traded or 82.38% up from the average. Mattel, Inc. (NASDAQ:MAT) has risen 2.36% since September 30, 2017 and is uptrending. It has underperformed by 13.26% the S&P500.

Mattel, Inc. designs, manufactures, and markets a range of toy products worldwide. The company has market cap of $5.40 billion. The firm operates in three divisions: North America, International, and American Girl. It currently has negative earnings. It offers dolls and accessories, vehicles and play sets, and games and puzzles under the Mattel Girls & Boys brands, including Barbie, Monster High, Ever After High, Polly Pocket, DC Super Hero Girl, Disney Classics, Hot Wheels, Matchbox, CARS, DC Comics, WWE Wrestling, Minecraft, Max Steel, Little Mommy, BOOMco., and Toy Story.

More news for Mattel, Inc. (NASDAQ:MAT) were recently published by: Seekingalpha.com, which released: “Stocks To Watch: Strap In For Q3” on September 29, 2018. Seekingalpha.com‘s article titled: “Does Mattel Want To Be The Next Disney?” and published on September 10, 2018 is yet another important article.

Mattel, Inc. (NASDAQ:MAT) Institutional Positions Chart

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