Mattel, Inc. (NASDAQ:MAT) Given Average Rating of “Hold” by Brokerages

Shares of Mattel, Inc. (NASDAQ:MAT) have been given an average recommendation of “Hold” by the eleven research firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $23.50.

A number of research firms have recently issued reports on MAT. Weiss Ratings reissued a “hold (c+)” rating on shares of Mattel in a research note on Wednesday, December 24th. Roth Mkm set a $20.00 target price on shares of Mattel and gave the company a “neutral” rating in a report on Wednesday, October 22nd. Seaport Research Partners raised Mattel to a “hold” rating in a research report on Monday, November 10th. The Goldman Sachs Group lowered Mattel from a “buy” rating to a “neutral” rating and set a $21.00 price target for the company. in a research report on Friday, January 9th. Finally, UBS Group lifted their price objective on Mattel from $29.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, January 7th.

Hedge Funds Weigh In On Mattel

Institutional investors and hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio increased its holdings in shares of Mattel by 0.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 100,310 shares of the company’s stock valued at $1,688,000 after acquiring an additional 623 shares during the last quarter. State of Wyoming lifted its stake in Mattel by 4.3% during the third quarter. State of Wyoming now owns 15,251 shares of the company’s stock worth $257,000 after purchasing an additional 634 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Mattel by 8.0% in the fourth quarter. GAMMA Investing LLC now owns 9,344 shares of the company’s stock valued at $185,000 after purchasing an additional 693 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in Mattel by 12.6% in the third quarter. Jones Financial Companies Lllp now owns 6,687 shares of the company’s stock valued at $113,000 after purchasing an additional 747 shares in the last quarter. Finally, Sei Investments Co. increased its stake in Mattel by 1.7% in the second quarter. Sei Investments Co. now owns 45,736 shares of the company’s stock valued at $902,000 after purchasing an additional 758 shares during the last quarter. 97.15% of the stock is owned by institutional investors and hedge funds.

Mattel Stock Down 1.0%

Shares of NASDAQ:MAT opened at $20.67 on Friday. Mattel has a 52-week low of $13.94 and a 52-week high of $22.25. The stock has a market cap of $6.42 billion, a P/E ratio of 15.43, a PEG ratio of 2.22 and a beta of 0.69. The business has a fifty day moving average of $20.54 and a two-hundred day moving average of $19.02. The company has a quick ratio of 1.18, a current ratio of 1.60 and a debt-to-equity ratio of 0.77.

Mattel (NASDAQ:MAT) last announced its quarterly earnings results on Tuesday, October 21st. The company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.16). The firm had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.86 billion. Mattel had a return on equity of 20.60% and a net margin of 8.27%.The firm’s quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.14 EPS. On average, research analysts expect that Mattel will post 1.7 earnings per share for the current year.

Mattel Company Profile

Mattel, Inc is a leading global toy company headquartered in El Segundo, California. Founded in 1945 by Harold “Matt” Matson and Elliot and Ruth Handler, the company has grown into a major player in the toy and family products industry. Mattel designs, manufactures, and markets a broad range of toys, games and entertainment products under well-known brands, including Barbie, Hot Wheels, Fisher-Price, American Girl, Thomas & Friends, UNO and Matchbox. In addition to its proprietary labels, Mattel holds licenses with global entertainment franchises, partnering with Disney, Warner Bros., WWE and other studios to create character-driven play experiences.