Citigroup Boosts Mattel (NASDAQ:MAT) Price Target to $26.00

Mattel (NASDAQ:MAT) had its price target raised by Citigroup from $25.00 to $26.00 in a research note released on Wednesday, Benzinga reports. They currently have a buy rating on the stock.

A number of other research analysts also recently issued reports on MAT. Stifel Nicolaus dropped their target price on shares of Mattel from $26.00 to $23.00 and set a buy rating on the stock in a research report on Wednesday, January 24th. Jefferies Financial Group boosted their price target on shares of Mattel from $19.00 to $20.00 and gave the company a hold rating in a research note on Friday, March 15th. Roth Mkm reiterated a neutral rating and issued a $21.00 target price on shares of Mattel in a research note on Wednesday. TheStreet lowered shares of Mattel from a b- rating to a c+ rating in a research note on Wednesday, January 24th. Finally, DA Davidson increased their price target on shares of Mattel from $26.00 to $27.00 and gave the company a buy rating in a research report on Wednesday. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average target price of $22.78.

Mattel Trading Down 0.6 %

Shares of Mattel stock opened at $18.36 on Wednesday. The firm has a market capitalization of $6.32 billion, a PE ratio of 22.12, a price-to-earnings-growth ratio of 1.18 and a beta of 0.95. Mattel has a 1 year low of $16.20 and a 1 year high of $22.64. The company has a current ratio of 2.49, a quick ratio of 1.90 and a debt-to-equity ratio of 1.15. The firm’s 50 day moving average is $19.29 and its 200 day moving average is $19.07.

Mattel (NASDAQ:MAT) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.07. The firm had revenue of $809.50 million for the quarter, compared to the consensus estimate of $833.52 million. Mattel had a net margin of 5.38% and a return on equity of 24.32%. The company’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.24) EPS. Equities research analysts forecast that Mattel will post 1.4 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Mattel

A number of institutional investors and hedge funds have recently bought and sold shares of MAT. Handelsbanken Fonder AB grew its holdings in shares of Mattel by 17.2% in the third quarter. Handelsbanken Fonder AB now owns 64,100 shares of the company’s stock worth $1,412,000 after purchasing an additional 9,400 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of Mattel by 11.6% in the third quarter. Commonwealth Equity Services LLC now owns 19,199 shares of the company’s stock worth $423,000 after purchasing an additional 1,988 shares during the last quarter. Cambridge Investment Research Advisors Inc. bought a new position in shares of Mattel in the third quarter worth approximately $286,000. Xponance Inc. grew its holdings in shares of Mattel by 6.1% in the third quarter. Xponance Inc. now owns 45,618 shares of the company’s stock worth $1,005,000 after purchasing an additional 2,629 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. bought a new position in shares of Mattel in the third quarter worth approximately $468,000. 97.15% of the stock is owned by hedge funds and other institutional investors.

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.