Mattel, Inc. (NASDAQ:MAT) Given Consensus Recommendation of “Hold” by Analysts

Shares of Mattel, Inc. (NASDAQ:MAT) have been given an average rating of “Hold” by the nine ratings firms that are presently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $23.75.

A number of equities research analysts have commented on MAT shares. DA Davidson reiterated a “buy” rating and issued a $27.00 price target on shares of Mattel in a research report on Thursday, October 24th. Morgan Stanley boosted their price target on shares of Mattel from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. Bank of America increased their price objective on shares of Mattel from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Jefferies Financial Group boosted their target price on shares of Mattel from $18.25 to $20.00 and gave the company a “hold” rating in a report on Tuesday, October 1st. Finally, JPMorgan Chase & Co. lifted their price objective on Mattel from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st.

Mattel Trading Up 1.7 %

Shares of Mattel stock opened at $18.69 on Monday. The company has a quick ratio of 1.88, a current ratio of 2.45 and a debt-to-equity ratio of 1.01. Mattel has a 12-month low of $15.87 and a 12-month high of $20.59. The company has a market capitalization of $6.30 billion, a price-to-earnings ratio of 11.68, a PEG ratio of 0.95 and a beta of 0.78. The firm’s 50-day moving average price is $19.09 and its two-hundred day moving average price is $18.39.

Mattel (NASDAQ:MAT) last posted its earnings results on Wednesday, October 23rd. The company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.19. Mattel had a net margin of 10.24% and a return on equity of 25.39%. The firm had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the previous year, the firm posted $1.08 earnings per share. The company’s revenue was down 3.9% on a year-over-year basis. On average, analysts forecast that Mattel will post 1.46 earnings per share for the current fiscal year.

Institutional Trading of Mattel

Several hedge funds and other institutional investors have recently bought and sold shares of MAT. Lazard Asset Management LLC bought a new position in shares of Mattel during the first quarter valued at about $76,000. Price T Rowe Associates Inc. MD boosted its holdings in Mattel by 1.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 11,685,291 shares of the company’s stock valued at $231,487,000 after acquiring an additional 180,855 shares in the last quarter. Janus Henderson Group PLC increased its position in Mattel by 8.5% during the 1st quarter. Janus Henderson Group PLC now owns 187,296 shares of the company’s stock valued at $3,708,000 after purchasing an additional 14,632 shares during the period. Tidal Investments LLC raised its holdings in Mattel by 292.6% in the 1st quarter. Tidal Investments LLC now owns 83,462 shares of the company’s stock worth $1,653,000 after purchasing an additional 62,204 shares in the last quarter. Finally, Comerica Bank lifted its position in shares of Mattel by 99.4% in the 1st quarter. Comerica Bank now owns 291,683 shares of the company’s stock worth $5,778,000 after purchasing an additional 145,391 shares during the period. Hedge funds and other institutional investors own 97.15% of the company’s stock.

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.