Several other research firms also recently weighed in on MAT. DA Davidson lifted their price target on shares of Mattel from $38.00 to $45.00 in a research note on Monday, February 14th. Zacks Investment Research raised shares of Mattel from a “sell” rating to a “hold” rating and set a $26.00 price objective on the stock in a report on Friday, February 11th. Stifel Nicolaus raised shares of Mattel from a “hold” rating to a “buy” rating and lifted their price objective for the company from $27.00 to $33.00 in a report on Thursday, February 24th. JPMorgan Chase & Co. lifted their price objective on shares of Mattel from $31.00 to $33.00 in a report on Thursday, February 10th. Finally, Monness Crespi & Hardt lifted their price objective on shares of Mattel from $28.00 to $32.00 and gave the company a “buy” rating in a report on Thursday, February 10th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $32.29.
Mattel stock opened at $26.22 on Wednesday. The company has a 50 day moving average price of $23.57 and a 200-day moving average price of $22.68. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.08 and a current ratio of 1.71. Mattel has a fifty-two week low of $17.94 and a fifty-two week high of $26.99. The company has a market capitalization of $9.24 billion, a PE ratio of 8.86 and a beta of 1.26.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hardy Reed LLC purchased a new position in Mattel in the first quarter worth $46,000. Covestor Ltd purchased a new stake in shares of Mattel during the fourth quarter valued at $52,000. O Shaughnessy Asset Management LLC grew its holdings in shares of Mattel by 22.3% during the third quarter. O Shaughnessy Asset Management LLC now owns 2,459 shares of the company’s stock valued at $46,000 after buying an additional 448 shares during the last quarter. Prospera Financial Services Inc purchased a new stake in shares of Mattel during the first quarter valued at $58,000. Finally, Maverick Capital Ltd. grew its holdings in shares of Mattel by 54.8% during the third quarter. Maverick Capital Ltd. now owns 3,654 shares of the company’s stock valued at $68,000 after buying an additional 1,293 shares during the last quarter. 97.94% of the stock is currently owned by institutional investors and hedge funds.
Mattel Company Profile (Get Rating)
Mattel, Inc, a children's entertainment company, designs and produces toys and consumer products worldwide. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, as well as content, gaming, and lifestyle products for children under the Barbie, Monster High, American Girl, Polly Pocket, Spirit, and Enchantimals brands; dolls and books under the American Girl brand name; die-cast vehicles, tracks, playsets, and accessories for kids of all ages, and collectors under the Hot Wheels, Monster Trucks, Matchbox, CARS, and Mario Kart brand names; and infant, toddler, and preschool products comprising content, toys, live events, and other lifestyle products under the Fisher-Price and Thomas & Friends, Power wheels, and Fireman Sam brands.
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