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

Mattel, Inc. (NASDAQ:MAT) has been given an average rating of “Moderate Buy” by the seven analysts that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $24.14.

Several equities analysts recently issued reports on MAT shares. The Goldman Sachs Group cut their target price on Mattel from $24.00 to $21.00 and set a “buy” rating on the stock in a research report on Wednesday, May 7th. Citigroup increased their price objective on Mattel from $19.00 to $22.00 and gave the company a “buy” rating in a report on Tuesday, May 6th. DA Davidson restated a “buy” rating and issued a $30.00 price objective on shares of Mattel in a research note on Thursday, May 15th. Wall Street Zen upgraded shares of Mattel from a “hold” rating to a “buy” rating in a report on Saturday, May 24th. Finally, Morgan Stanley lifted their price objective on shares of Mattel from $16.00 to $17.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 6th.

Institutional Trading of Mattel

Hedge funds have recently added to or reduced their stakes in the company. Private Client Services LLC purchased a new stake in shares of Mattel during the 1st quarter worth about $868,000. Magnetar Financial LLC purchased a new position in shares of Mattel in the 4th quarter valued at about $944,000. Arrowstreet Capital Limited Partnership raised its holdings in Mattel by 34.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,129,699 shares of the company’s stock worth $37,760,000 after purchasing an additional 545,300 shares during the period. Vanguard Group Inc. boosted its position in Mattel by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 33,134,174 shares of the company’s stock worth $587,469,000 after purchasing an additional 355,769 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Mattel during the fourth quarter worth approximately $660,000. 97.15% of the stock is owned by hedge funds and other institutional investors.

Mattel Stock Performance

Shares of MAT stock opened at $19.30 on Friday. The company has a current ratio of 2.38, a quick ratio of 2.00 and a debt-to-equity ratio of 1.03. The company has a market cap of $6.23 billion, a PE ratio of 12.06, a PEG ratio of 2.35 and a beta of 0.66. Mattel has a 12-month low of $13.95 and a 12-month high of $22.07. The business’s fifty day simple moving average is $17.36 and its 200-day simple moving average is $18.66.

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

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.