Analysts Set Mattel, Inc. (NASDAQ:MAT) Target Price at $23.75

Shares of Mattel, Inc. (NASDAQ:MAT) have earned an average rating of “Hold” from the nine research firms that are currently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $23.75.

A number of analysts have recently commented on MAT shares. Morgan Stanley lifted their target price on Mattel from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. DA Davidson reaffirmed a “buy” rating and set a $27.00 price objective on shares of Mattel in a research note on Thursday, October 24th. Jefferies Financial Group boosted their price objective on shares of Mattel from $18.25 to $20.00 and gave the company a “hold” rating in a research note on Tuesday, October 1st. StockNews.com upgraded shares of Mattel from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. boosted their target price on Mattel from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st.

Institutional Trading of Mattel

Several large investors have recently bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in shares of Mattel in the second quarter valued at approximately $312,000. Assenagon Asset Management S.A. acquired a new position in shares of Mattel in the second quarter worth $1,579,000. Blue Trust Inc. lifted its position in shares of Mattel by 143.2% in the second 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. Fifth Third Wealth Advisors LLC acquired a new stake in shares of Mattel during the second quarter valued at $189,000. Finally, Bank of New York Mellon Corp increased its position in Mattel by 1.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,915,356 shares of the company’s stock worth $47,404,000 after purchasing an additional 51,687 shares in the last quarter. Institutional investors and hedge funds own 97.15% of the company’s stock.

Mattel Trading Up 0.7 %

NASDAQ MAT opened at $17.94 on Friday. Mattel has a 52 week low of $15.87 and a 52 week high of $20.59. The company has a quick ratio of 1.88, a current ratio of 2.45 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $6.04 billion, a PE ratio of 11.21, a price-to-earnings-growth ratio of 0.97 and a beta of 0.76. The firm has a 50 day moving average of $18.94 and a two-hundred day moving average of $18.50.

Mattel (NASDAQ:MAT) last issued its earnings results on Wednesday, October 23rd. The company reported $1.14 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $1.86 billion. During the same quarter in the prior year, the business posted $1.08 EPS. The company’s revenue for the quarter was down 3.9% on a year-over-year basis. As a group, research analysts expect that Mattel will post 1.46 EPS 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.