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

Mattel, Inc. (NASDAQ:MAT) has received an average recommendation of “Moderate Buy” from the eight analysts that are presently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $23.75.

MAT has been the topic of a number of recent research reports. JPMorgan Chase & Co. lifted their price objective on Mattel from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Jefferies Financial Group boosted their price target on Mattel from $18.25 to $20.00 and gave the company a “hold” rating in a research note on Tuesday, October 1st. Bank of America increased their price objective on shares of Mattel from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. StockNews.com upgraded shares of Mattel from a “hold” rating to a “buy” rating in a research report on Thursday, January 2nd. Finally, DA Davidson reiterated a “buy” rating and set a $27.00 price target on shares of Mattel in a research report on Thursday, October 24th.

Mattel Trading Down 1.4 %

MAT stock opened at $18.42 on Tuesday. Mattel has a 52 week low of $15.87 and a 52 week high of $20.59. The company has a market capitalization of $6.21 billion, a PE ratio of 11.51, a price-to-earnings-growth ratio of 0.97 and a beta of 0.75. The company’s 50-day simple moving average is $18.63 and its 200 day simple moving average is $18.60. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.88 and a current ratio of 2.45.

Mattel (NASDAQ:MAT) last announced its earnings results on Wednesday, October 23rd. The company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.19. Mattel had a net margin of 10.24% and a return on equity of 25.39%. The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the prior year, the business posted $1.08 EPS. The business’s revenue was down 3.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Mattel will post 1.46 earnings per share for the current year.

Institutional Trading of Mattel

A number of hedge funds have recently added to or reduced their stakes in MAT. Pacer Advisors Inc. grew its holdings in shares of Mattel by 20,152.4% during the second quarter. Pacer Advisors Inc. now owns 10,995,234 shares of the company’s stock worth $178,783,000 after purchasing an additional 10,940,943 shares during the last quarter. State Street Corp boosted its position in Mattel by 3.1% during the 3rd quarter. State Street Corp now owns 10,517,270 shares of the company’s stock worth $200,354,000 after buying an additional 318,125 shares during the period. Franklin Resources Inc. grew its holdings in Mattel by 84.0% during the 3rd quarter. Franklin Resources Inc. now owns 9,352,223 shares of the company’s stock worth $176,757,000 after acquiring an additional 4,270,162 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Mattel by 0.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,291,976 shares of the company’s stock worth $119,862,000 after acquiring an additional 27,204 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Mattel by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 6,134,691 shares of the company’s stock valued at $116,896,000 after acquiring an additional 17,309 shares during the period. Institutional investors and hedge funds own 97.15% of the company’s stock.

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.