Mattel, Inc. (NASDAQ:MAT) Given Consensus Rating of “Moderate Buy” by Analysts

Mattel, Inc. (NASDAQ:MAT) has been assigned a consensus recommendation of “Moderate Buy” from the seven analysts that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $25.57.

Several equities analysts have weighed in on MAT shares. Jefferies Financial Group upgraded Mattel from a “hold” rating to a “buy” rating and raised their price target for the company from $20.00 to $28.00 in a report on Wednesday, February 5th. DA Davidson lifted their target price on Mattel from $27.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, February 5th. Morgan Stanley lifted their target price on Mattel from $22.00 to $23.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 5th. Finally, StockNews.com upgraded Mattel from a “hold” rating to a “buy” rating in a report on Wednesday.

Institutional Investors Weigh In On Mattel

Institutional investors and hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC lifted its stake in shares of Mattel by 150.1% during 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 last quarter. Prospera Private Wealth LLC bought a new stake in shares of Mattel during the 3rd quarter worth approximately $34,000. West Oak Capital LLC lifted its stake in shares of Mattel by 9,775.0% during the 4th quarter. West Oak Capital LLC now owns 1,975 shares of the company’s stock worth $35,000 after acquiring an additional 1,955 shares during the last quarter. TD Private Client Wealth LLC bought a new stake in shares of Mattel during the 4th quarter worth approximately $51,000. Finally, Quarry LP lifted its stake in shares of Mattel by 130.3% during the 4th quarter. Quarry LP now owns 3,148 shares of the company’s stock worth $56,000 after acquiring an additional 1,781 shares during the last quarter. 97.15% of the stock is owned by institutional investors.

Mattel Stock Performance

NASDAQ MAT opened at $20.66 on Wednesday. The stock has a market capitalization of $6.88 billion, a PE ratio of 12.91, a P/E/G ratio of 2.35 and a beta of 0.65. The business has a 50 day simple moving average of $19.77 and a two-hundred day simple moving average of $19.22. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.38 and a quick ratio of 2.00. Mattel has a 1-year low of $15.87 and a 1-year high of $22.07.

Mattel (NASDAQ:MAT) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.15. Mattel had a return on equity of 25.94% and a net margin of 10.07%. During the same quarter in the previous year, the firm posted $0.29 earnings per share. On average, research analysts predict that Mattel will post 1.7 EPS 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.