Mattel, Inc. (NASDAQ:MAT) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Mattel, Inc. (NASDAQ:MAT) have been assigned an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $23.75.

A number of analysts recently commented on MAT shares. Jefferies Financial Group boosted their target price on shares of Mattel from $18.25 to $20.00 and gave the stock a “hold” rating in a research report on Tuesday, October 1st. DA Davidson reissued a “buy” rating and set a $27.00 price objective on shares of Mattel in a report on Thursday, October 24th. Bank of America raised their target price on Mattel from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. boosted their price target on Mattel from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Finally, StockNews.com cut Mattel from a “buy” rating to a “hold” rating in a research note on Wednesday, January 15th.

Mattel Stock Performance

Shares of MAT stock opened at $17.93 on Tuesday. Mattel has a 12-month low of $15.87 and a 12-month high of $20.59. The business’s fifty day simple moving average is $18.48 and its 200-day simple moving average is $18.66. The company has a current ratio of 2.45, a quick ratio of 1.88 and a debt-to-equity ratio of 1.01. The company has a market cap of $6.04 billion, a PE ratio of 11.21, a PEG ratio of 0.88 and a beta of 0.75.

Mattel (NASDAQ:MAT) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.19. Mattel had a return on equity of 25.39% and a net margin of 10.24%. The company had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same period last year, the business posted $1.08 earnings per share. The firm’s revenue was down 3.9% compared to the same quarter last year. Analysts expect that Mattel will post 1.46 earnings per share for the current fiscal year.

Institutional Trading of Mattel

Hedge funds and other institutional investors have recently bought and sold shares of the stock. UMB Bank n.a. grew its position in Mattel by 584.3% during the third quarter. UMB Bank n.a. now owns 1,485 shares of the company’s stock valued at $28,000 after buying an additional 1,268 shares during the period. V Square Quantitative Management LLC acquired a new stake in shares of Mattel during the 3rd quarter valued at about $29,000. Prospera Private Wealth LLC acquired a new position in Mattel in the 3rd quarter worth about $34,000. West Oak Capital LLC boosted its position in Mattel by 9,775.0% during the fourth quarter. West Oak Capital LLC now owns 1,975 shares of the company’s stock worth $35,000 after purchasing an additional 1,955 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in Mattel by 38.3% in the third quarter. GAMMA Investing LLC now owns 2,797 shares of the company’s stock valued at $53,000 after purchasing an additional 775 shares during the period. 97.15% of the stock is owned by institutional investors and hedge funds.

Mattel Company Profile

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.