Mattel, Inc. (NASDAQ:MAT) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Mattel, Inc. (NASDAQ:MAT) have received an average rating of “Buy” from the nine analysts that are presently covering the firm, MarketBeat.com reports. Nine research analysts have rated the stock with a buy recommendation. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $24.60.

A number of research analysts have weighed in on the company. Roth Mkm reiterated a “buy” rating and set a $24.00 target price on shares of Mattel in a report on Friday, October 6th. The Goldman Sachs Group upped their price target on Mattel from $21.00 to $24.00 and gave the stock a “buy” rating in a research note on Friday, July 21st. Citigroup started coverage on Mattel in a research note on Friday, October 20th. They issued a “buy” rating and a $26.00 price target on the stock. TheStreet upgraded Mattel from a “c+” rating to a “b” rating in a research note on Wednesday, July 26th. Finally, JPMorgan Chase & Co. increased their target price on Mattel from $24.00 to $25.00 in a research note on Thursday, July 27th.

Mattel Trading Up 2.0 %

MAT opened at $19.16 on Thursday. The business has a 50 day simple moving average of $20.46 and a two-hundred day simple moving average of $20.06. The firm has a market capitalization of $6.77 billion, a price-to-earnings ratio of 83.31, a PEG ratio of 1.54 and a beta of 1.18. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.33 and a quick ratio of 1.73. Mattel has a one year low of $15.36 and a one year high of $22.64.

Mattel (NASDAQ:MAT) last posted its earnings results on Wednesday, October 25th. The company reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.21. Mattel had a return on equity of 19.70% and a net margin of 1.59%. The firm had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.83 billion. Analysts predict that Mattel will post 1.25 EPS for the current year.

Hedge Funds Weigh In On Mattel

A number of institutional investors have recently bought and sold shares of MAT. Van ECK Associates Corp increased its stake in Mattel by 46.6% in the 1st quarter. Van ECK Associates Corp now owns 18,171 shares of the company’s stock worth $335,000 after buying an additional 5,778 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in Mattel by 20.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 16,409 shares of the company’s stock worth $321,000 after buying an additional 2,779 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Mattel by 8.6% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 53,156 shares of the company’s stock worth $979,000 after buying an additional 4,217 shares in the last quarter. Private Advisor Group LLC purchased a new stake in Mattel in the 1st quarter worth $330,000. Finally, Nisa Investment Advisors LLC grew its position in shares of Mattel by 7.6% during the first quarter. Nisa Investment Advisors LLC now owns 36,100 shares of the company’s stock valued at $665,000 after purchasing an additional 2,550 shares in the last quarter. 93.51% of the stock is owned by institutional investors.

Mattel Company Profile

Mattel, Inc, a children's and family 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, Disney Princess and Frozen, and Polly Pocket 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, and Power wheels brands.