Mattel, Inc. (NASDAQ:MAT) Receives $25.57 Average PT from Analysts

Mattel, Inc. (NASDAQ:MAT) has received an average recommendation of “Moderate Buy” from the seven research firms that are currently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $25.57.

MAT has been the topic of a number of recent research reports. StockNews.com raised Mattel from a “hold” rating to a “buy” rating in a research report on Saturday, February 8th. Bank of America upped their price objective on Mattel from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Jefferies Financial Group raised shares of Mattel from a “hold” rating to a “buy” rating and raised their target price for the company from $20.00 to $28.00 in a research note on Wednesday, February 5th. DA Davidson upped their price target on shares of Mattel from $27.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, February 5th. Finally, Morgan Stanley lifted their price objective on shares of Mattel from $22.00 to $23.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 5th.

Mattel Trading Down 0.6 %

NASDAQ:MAT opened at $21.72 on Friday. The company has a market cap of $7.32 billion, a P/E ratio of 13.58, a price-to-earnings-growth ratio of 2.32 and a beta of 0.76. Mattel has a twelve month low of $15.87 and a twelve month high of $22.04. The business has a 50 day moving average price of $18.71 and a two-hundred day moving average price of $18.92. The company has a quick ratio of 1.88, a current ratio of 2.38 and a debt-to-equity ratio of 1.03.

Mattel (NASDAQ:MAT) last announced its earnings results on Tuesday, February 4th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.20 by $0.15. Mattel had a net margin of 10.07% and a return on equity of 25.94%. During the same quarter in the previous year, the business earned $0.29 earnings per share. As a group, analysts expect that Mattel will post 1.69 EPS for the current fiscal year.

Hedge Funds Weigh In On Mattel

Several large investors have recently modified their holdings of MAT. Citigroup Inc. grew its stake in Mattel by 449.9% in the 3rd quarter. Citigroup Inc. now owns 291,983 shares of the company’s stock valued at $5,562,000 after buying an additional 238,884 shares during the last quarter. FORA Capital LLC bought a new stake in shares of Mattel during the third quarter worth approximately $1,003,000. Charles Schwab Investment Management Inc. grew its position in shares of Mattel by 2.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,263,611 shares of the company’s stock valued at $81,222,000 after purchasing an additional 114,305 shares during the last quarter. Hantz Financial Services Inc. increased its stake in shares of Mattel by 53.2% during the third quarter. Hantz Financial Services Inc. now owns 172,337 shares of the company’s stock worth $3,283,000 after purchasing an additional 59,845 shares during the period. Finally, Thrivent Financial for Lutherans lifted its holdings in Mattel by 101.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 168,410 shares of the company’s stock worth $3,208,000 after purchasing an additional 84,626 shares during the last quarter. 97.15% of the stock is owned by institutional investors.

About Mattel

Mattel, Inc, a toy and family entertainment company, designs, manufactures, and markets toys and consumer products in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, as well as books, content, gaming, and lifestyle products for children under the Barbie, American Girl, Disney Princess and Disney Frozen, Monster High, and Polly Pocket brands; die-cast vehicles, tracks, playsets, and accessories for kids, adults, and collectors under the Hot Wheels, Hot Wheels Monster Trucks, Hot Wheels Mario Kart, Matchbox, and Cars brand names; and infant, toddler, and preschool products comprising content, toys, live events, and other consumer products under the Fisher-Price, Little People and Imaginext, and Thomas & Friends, and Power wheels brands.