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

Shares of Mattel, Inc. (NASDAQ:MAT) have earned an average recommendation of “Hold” from the nine analysts that are covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $23.75.

MAT has been the subject of a number of recent research reports. Jefferies Financial Group increased their price target on shares of Mattel from $18.25 to $20.00 and gave the stock a “hold” rating in a research note on Tuesday, October 1st. StockNews.com cut shares of Mattel from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Bank of America increased their price objective on Mattel from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. increased their price target on Mattel from $22.00 to $23.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Finally, Morgan Stanley increased their price target on shares of Mattel from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th.

Institutional Trading of Mattel

A number of hedge funds have recently made changes to their positions in the company. Nisa Investment Advisors LLC increased its position in shares of Mattel by 2.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 25,795 shares of the company’s stock worth $491,000 after purchasing an additional 693 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Mattel by 38.3% during the 3rd quarter. GAMMA Investing LLC now owns 2,797 shares of the company’s stock valued at $53,000 after purchasing an additional 775 shares in the last quarter. State of Alaska Department of Revenue raised its position in shares of Mattel by 3.0% during the third quarter. State of Alaska Department of Revenue now owns 39,484 shares of the company’s stock worth $752,000 after purchasing an additional 1,160 shares during the period. Blue Trust Inc. lifted its position in shares of Mattel by 143.2% in the 2nd quarter. Blue Trust Inc. now owns 2,072 shares of the company’s stock valued at $34,000 after acquiring an additional 1,220 shares in the last quarter. Finally, KBC Group NV grew its stake in Mattel by 13.8% during the 3rd quarter. KBC Group NV now owns 10,166 shares of the company’s stock valued at $194,000 after acquiring an additional 1,229 shares in the last quarter. Hedge funds and other institutional investors own 97.15% of the company’s stock.

Mattel Trading Down 1.9 %

Shares of NASDAQ:MAT opened at $17.81 on Friday. The company’s 50 day moving average is $19.00 and its two-hundred day moving average is $18.49. The company has a market cap of $6.00 billion, a PE ratio of 11.13, a P/E/G ratio of 0.99 and a beta of 0.76. Mattel has a 52 week low of $15.87 and a 52 week high of $20.59. The company has a current ratio of 2.45, a quick ratio of 1.88 and a debt-to-equity ratio of 1.01.

Mattel (NASDAQ:MAT) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.19. Mattel had a net margin of 10.24% and a return on equity of 25.39%. The business had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the previous year, the firm earned $1.08 EPS. The company’s revenue was down 3.9% compared to the same quarter last year. Equities analysts predict that Mattel will post 1.46 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.