Brokerages Set Mattel, Inc. (NASDAQ:MAT) PT at $25.57

Shares of Mattel, Inc. (NASDAQ:MAT) have been given an average rating of “Moderate Buy” by the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $25.57.

A number of brokerages recently weighed in on MAT. Morgan Stanley raised their price objective on Mattel from $22.00 to $23.00 and gave the company an “equal weight” rating in a report on Wednesday, February 5th. Jefferies Financial Group raised shares of Mattel from a “hold” rating to a “buy” rating and lifted their price target for the stock from $20.00 to $28.00 in a research note on Wednesday, February 5th. StockNews.com raised shares of Mattel from a “hold” rating to a “buy” rating in a research note on Wednesday, March 12th. Finally, DA Davidson lifted their target price 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.

Mattel Trading Down 0.8 %

Shares of Mattel stock opened at $16.45 on Friday. The company has a 50 day simple moving average of $20.25 and a two-hundred day simple moving average of $19.28. The firm has a market cap of $5.31 billion, a PE ratio of 10.28, a PEG ratio of 2.35 and a beta of 0.51. Mattel has a 1 year low of $15.44 and a 1 year high of $22.07. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.38 and a quick ratio of 2.00.

Mattel (NASDAQ:MAT) last announced its earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share (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 period last year, the firm earned $0.29 earnings per share. Analysts expect that Mattel will post 1.7 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in MAT. Magnetar Financial LLC bought a new stake in shares of Mattel during the 4th quarter valued at about $944,000. Citigroup Inc. lifted its stake in shares of 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 purchasing an additional 238,884 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Mattel by 3.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,390,675 shares of the company’s stock valued at $77,847,000 after purchasing an additional 127,064 shares in the last quarter. Vanguard Group Inc. grew its stake in Mattel by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 33,134,174 shares of the company’s stock worth $587,469,000 after purchasing an additional 355,769 shares during the period. Finally, Hantz Financial Services Inc. raised its holdings in Mattel by 53.2% in 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 in the last quarter. 97.15% of the stock is owned by hedge funds and other 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.