Mattel (NASDAQ:MAT) Price Target Increased to $26.00 by Analysts at Citigroup

Mattel (NASDAQ:MAT) had its target price boosted by Citigroup from $25.00 to $26.00 in a research report sent to investors on Wednesday morning, Benzinga reports. The firm currently has a buy rating on the stock.

A number of other research firms have also recently commented on MAT. DA Davidson increased their target price on Mattel from $26.00 to $27.00 and gave the company a buy rating in a research note on Wednesday. TheStreet cut Mattel from a b- rating to a c+ rating in a research note on Wednesday, January 24th. JPMorgan Chase & Co. cut Mattel from an overweight rating to a neutral rating and reduced their target price for the company from $24.00 to $19.00 in a research note on Monday, February 5th. Roth Capital cut Mattel from a buy rating to a neutral rating in a research note on Thursday, January 4th. Finally, Jefferies Financial Group increased their target price on Mattel from $19.00 to $20.00 and gave the company a hold rating in a research note on Friday, March 15th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $22.78.

Mattel Trading Up 2.4 %

Mattel stock opened at $19.18 on Wednesday. The stock has a market cap of $6.60 billion, a P/E ratio of 23.11, a PEG ratio of 1.25 and a beta of 0.95. Mattel has a fifty-two week low of $16.20 and a fifty-two week high of $22.64. The firm’s fifty day moving average price is $19.30 and its 200-day moving average price is $19.08. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.90 and a current ratio of 2.33.

Mattel (NASDAQ:MAT) last released its quarterly earnings results on Tuesday, April 23rd. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.07. The firm had revenue of $809.50 million for the quarter, compared to analysts’ expectations of $833.52 million. Mattel had a net margin of 5.38% and a return on equity of 24.25%. The business’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.24) earnings per share. Equities research analysts forecast that Mattel will post 1.37 earnings per share for the current fiscal year.

Institutional Trading of Mattel

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Mattel by 0.4% during the third quarter. Vanguard Group Inc. now owns 34,317,700 shares of the company’s stock worth $756,019,000 after purchasing an additional 142,123 shares during the period. Capital International Investors lifted its holdings in Mattel by 7.4% in the fourth quarter. Capital International Investors now owns 18,386,007 shares of the company’s stock worth $347,128,000 after buying an additional 1,272,018 shares during the period. Victory Capital Management Inc. lifted its holdings in Mattel by 12.9% in the fourth quarter. Victory Capital Management Inc. now owns 7,541,422 shares of the company’s stock worth $142,382,000 after buying an additional 861,638 shares during the period. HS Management Partners LLC lifted its holdings in Mattel by 21.5% in the fourth quarter. HS Management Partners LLC now owns 4,603,400 shares of the company’s stock worth $86,912,000 after buying an additional 813,500 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Mattel by 21.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,039,571 shares of the company’s stock worth $76,272,000 after buying an additional 716,558 shares during the period. 97.15% of the stock is currently 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.