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

Mattel, Inc. (NASDAQ:MAT) has been given a consensus recommendation of “Moderate Buy” by the ten brokerages that are presently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $22.78.

A number of equities research analysts recently weighed in on MAT shares. DA Davidson raised their price objective on Mattel from $26.00 to $27.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Stifel Nicolaus cut their price objective on shares of Mattel from $26.00 to $23.00 and set a “buy” rating on the stock in a report on Wednesday, January 24th. JPMorgan Chase & Co. lowered shares of Mattel from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $24.00 to $19.00 in a report on Monday, February 5th. Jefferies Financial Group raised their price target on shares of Mattel from $19.00 to $20.00 and gave the stock a “hold” rating in a research report on Friday, March 15th. Finally, Citigroup lifted their price objective on Mattel from $25.00 to $26.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th.

Mattel Trading Up 0.2 %

Shares of NASDAQ MAT opened at $18.75 on Thursday. Mattel has a 1 year low of $16.20 and a 1 year high of $22.64. The firm has a 50-day moving average of $19.10 and a 200 day moving average of $18.92. The stock has a market cap of $6.45 billion, a P/E ratio of 22.59, a price-to-earnings-growth ratio of 1.18 and a beta of 0.98. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.49 and a quick ratio of 1.88.

Mattel (NASDAQ:MAT) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.07. Mattel had a net margin of 5.38% and a return on equity of 24.32%. The firm had revenue of $809.50 million during the quarter, compared to the consensus estimate of $833.52 million. During the same quarter in the previous year, the firm posted ($0.24) EPS. The company’s revenue for the quarter was down .6% compared to the same quarter last year. As a group, sell-side analysts expect that Mattel will post 1.4 EPS for the current fiscal year.

Institutional Trading of Mattel

Several institutional investors have recently bought and sold shares of the stock. Trust Co. of Vermont raised its holdings in Mattel by 833.3% during the 3rd quarter. Trust Co. of Vermont now owns 1,120 shares of the company’s stock worth $25,000 after buying an additional 1,000 shares during the period. Clearstead Advisors LLC bought a new position in Mattel in the third quarter valued at $52,000. Y.D. More Investments Ltd acquired a new position in shares of Mattel during the 3rd quarter worth about $53,000. Partnership Wealth Management LLC acquired a new stake in shares of Mattel in the fourth quarter valued at about $61,000. Finally, Fifth Third Bancorp raised its holdings in Mattel by 23.3% during the third quarter. Fifth Third Bancorp now owns 2,908 shares of the company’s stock worth $64,000 after acquiring an additional 550 shares in the last quarter. Institutional investors and hedge funds own 97.15% of the company’s stock.

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.