Mattel (NASDAQ:MAT) Price Target Increased to $26.00 by Analysts at Bank of America

Mattel (NASDAQ:MAT) had its price objective lifted by equities researchers at Bank of America from $25.00 to $26.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Bank of America‘s price target would indicate a potential upside of 40.77% from the stock’s current price.

Other equities analysts have also issued research reports about the stock. TheStreet lowered shares of Mattel from a “b-” rating to a “c+” rating in a report on Wednesday, January 24th. Jefferies Financial Group increased their target price on shares of Mattel from $19.00 to $20.00 and gave the company a “hold” rating in a report on Friday, March 15th. Roth Capital lowered shares of Mattel from a “buy” rating to a “neutral” rating in a report on Thursday, January 4th. DA Davidson increased their target price on shares of Mattel from $26.00 to $27.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Roth Mkm reaffirmed a “neutral” rating and set a $21.00 target price on shares of Mattel in a report on Wednesday. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $22.78.

Mattel Stock Performance

Shares of MAT stock opened at $18.47 on Wednesday. The stock has a market capitalization of $6.35 billion, a P/E ratio of 22.25, a PEG ratio of 1.25 and a beta of 0.95. The company has a current ratio of 2.33, a quick ratio of 1.90 and a debt-to-equity ratio of 1.08. The firm’s 50 day moving average is $19.30 and its 200 day moving average is $19.08. Mattel has a 12 month low of $16.20 and a 12 month high of $22.64.

Mattel (NASDAQ:MAT) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.07. The company 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%. Mattel’s revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.24) EPS. On average, sell-side analysts anticipate that Mattel will post 1.37 earnings per share for the current year.

Institutional Investors Weigh In On Mattel

Several institutional investors and hedge funds have recently modified their holdings of MAT. Trust Co. of Vermont lifted its position in shares of Mattel by 833.3% in the 3rd quarter. Trust Co. of Vermont now owns 1,120 shares of the company’s stock worth $25,000 after purchasing an additional 1,000 shares during the period. Clearstead Advisors LLC purchased a new stake in shares of Mattel in the 3rd quarter worth about $52,000. Y.D. More Investments Ltd purchased a new stake in shares of Mattel in the 3rd quarter worth about $53,000. Partnership Wealth Management LLC purchased a new stake in shares of Mattel in the 4th quarter worth about $61,000. Finally, Fifth Third Bancorp lifted its position in shares of Mattel by 23.3% in the 3rd quarter. Fifth Third Bancorp now owns 2,908 shares of the company’s stock worth $64,000 after purchasing an additional 550 shares during the period. 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.