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

Shares of Mattel, Inc. (NASDAQ:MAT) have earned an average recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $24.14.

A number of brokerages recently issued reports on MAT. Citigroup upped their price target on Mattel from $19.00 to $22.00 and gave the company a “buy” rating in a report on Tuesday, May 6th. Morgan Stanley upped their target price on shares of Mattel from $16.00 to $17.00 and gave the company an “equal weight” rating in a report on Tuesday, May 6th. DA Davidson reiterated a “buy” rating and set a $30.00 price target on shares of Mattel in a research note on Thursday. Jefferies Financial Group raised shares of Mattel from a “hold” rating to a “buy” rating and boosted their price target for the company from $20.00 to $28.00 in a research report on Wednesday, February 5th. Finally, The Goldman Sachs Group decreased their price objective on shares of Mattel from $24.00 to $21.00 and set a “buy” rating for the company in a research note on Wednesday, May 7th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Trust Co. of Vermont lifted its holdings in shares of Mattel by 995.8% during the first quarter. Trust Co. of Vermont now owns 1,315 shares of the company’s stock worth $26,000 after purchasing an additional 1,195 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Mattel by 150.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,543 shares of the company’s stock worth $27,000 after acquiring an additional 926 shares during the period. Fifth Third Bancorp lifted its stake in shares of Mattel by 52.9% in the 1st quarter. Fifth Third Bancorp now owns 2,780 shares of the company’s stock worth $54,000 after acquiring an additional 962 shares during the period. TD Private Client Wealth LLC purchased a new stake in shares of Mattel in the fourth quarter valued at about $51,000. Finally, UMB Bank n.a. increased its stake in shares of Mattel by 93.5% during the first quarter. UMB Bank n.a. now owns 2,995 shares of the company’s stock worth $58,000 after acquiring an additional 1,447 shares during the period. 97.15% of the stock is owned by hedge funds and other institutional investors.

Mattel Stock Performance

Shares of MAT opened at $20.10 on Monday. Mattel has a 1 year low of $13.95 and a 1 year high of $22.07. The stock has a market capitalization of $6.49 billion, a PE ratio of 12.56, a PEG ratio of 2.35 and a beta of 0.61. The company has a debt-to-equity ratio of 1.03, a quick ratio of 2.00 and a current ratio of 2.38. The stock has a 50-day simple moving average of $17.41 and a 200-day simple moving average of $18.65.

Mattel (NASDAQ:MAT) last issued its quarterly earnings results on Monday, May 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.08. Mattel had a net margin of 10.07% and a return on equity of 25.94%. The company had revenue of $826.60 million during the quarter, compared to the consensus estimate of $791.49 million. During the same quarter in the previous year, the firm earned ($0.05) earnings per share. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. On average, analysts predict that Mattel will post 1.7 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.