Mattel, Inc. (NASDAQ:MAT) Receives Average Rating of “Hold” from Brokerages

Shares of Mattel, Inc. (NASDAQ:MAT) have received an average recommendation of “Hold” from the nine brokerages that are presently covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $22.13.

A number of analysts have recently issued reports on the company. TheStreet cut Mattel from a “b-” rating to a “c+” rating in a research report on Wednesday, January 24th. Stifel Nicolaus lowered their price objective on 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 upped their price target on Mattel from $19.00 to $20.00 and gave the company a “hold” rating in a research report on Friday, March 15th. Roth Capital cut Mattel from a “buy” rating to a “neutral” rating in a research report on Thursday, January 4th. Finally, DA Davidson upped their price target on Mattel from $25.00 to $26.00 and gave the company a “buy” rating in a research report on Thursday, February 8th.

Hedge Funds Weigh In On Mattel

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Trust Co. of Vermont lifted its holdings in shares of Mattel by 833.3% during the 3rd quarter. Trust Co. of Vermont now owns 1,120 shares of the company’s stock valued at $25,000 after purchasing an additional 1,000 shares in the last quarter. Money Concepts Capital Corp bought a new position in shares of Mattel during the 4th quarter valued at about $29,000. Belpointe Asset Management LLC lifted its holdings in shares of Mattel by 193.5% during the 1st quarter. Belpointe Asset Management LLC now owns 1,805 shares of the company’s stock valued at $33,000 after purchasing an additional 1,190 shares in the last quarter. Clearstead Advisors LLC bought a new position in shares of Mattel during the 3rd quarter valued at about $52,000. Finally, Y.D. More Investments Ltd bought a new position in shares of Mattel during the 3rd quarter valued at about $53,000. Institutional investors own 97.15% of the company’s stock.

Mattel Stock Down 0.7 %

Shares of Mattel stock opened at $18.43 on Friday. The stock has a 50-day simple moving average of $19.38 and a 200-day simple moving average of $19.25. Mattel has a 52-week low of $16.20 and a 52-week high of $22.64. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.33 and a quick ratio of 1.90. The firm has a market cap of $6.34 billion, a price-to-earnings ratio of 30.21, a P/E/G ratio of 1.24 and a beta of 0.95.

Mattel (NASDAQ:MAT) last posted its earnings results on Wednesday, February 7th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.01). Mattel had a return on equity of 21.25% and a net margin of 3.94%. The company had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same quarter last year, the firm posted $0.18 earnings per share. The firm’s revenue for the quarter was up 15.6% compared to the same quarter last year. On average, equities research analysts expect that Mattel will post 1.37 earnings per share for the current fiscal year.

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.