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

Mattel, Inc. (NASDAQ:MAT) has been assigned a consensus rating of “Moderate Buy” from the seven ratings firms that are presently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $25.57.

Several equities research analysts recently commented on the company. DA Davidson boosted their price target on Mattel from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, February 5th. StockNews.com raised shares of Mattel from a “hold” rating to a “buy” rating in a research report on Wednesday, March 12th. Jefferies Financial Group upgraded shares of 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. Finally, Morgan Stanley upped their price objective on shares of Mattel from $22.00 to $23.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 5th.

Institutional Trading of Mattel

A number of institutional investors and hedge funds have recently modified their holdings of the company. EdgePoint Investment Group Inc. grew its stake in Mattel by 14.9% in the 4th quarter. EdgePoint Investment Group Inc. now owns 46,174,919 shares of the company’s stock valued at $818,681,000 after buying an additional 5,984,400 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Mattel by 84.0% during the third quarter. Franklin Resources Inc. now owns 9,352,223 shares of the company’s stock valued at $176,757,000 after acquiring an additional 4,270,162 shares during the period. Norges Bank acquired a new stake in shares of Mattel in the fourth quarter valued at about $54,929,000. Hennessy Advisors Inc. bought a new position in shares of Mattel in the fourth quarter worth about $53,238,000. Finally, Invesco Ltd. lifted its position in shares of Mattel by 468.3% during the 4th quarter. Invesco Ltd. now owns 3,394,958 shares of the company’s stock worth $60,193,000 after purchasing an additional 2,797,559 shares during the last quarter. 97.15% of the stock is currently owned by institutional investors and hedge funds.

Mattel Trading Down 1.9 %

Shares of NASDAQ:MAT opened at $19.30 on Friday. The firm has a fifty day moving average of $20.22 and a two-hundred day moving average of $19.30. The company has a quick ratio of 2.00, a current ratio of 2.38 and a debt-to-equity ratio of 1.03. Mattel has a 12-month low of $15.87 and a 12-month high of $22.07. The firm has a market capitalization of $6.23 billion, a P/E ratio of 12.06, a price-to-earnings-growth ratio of 2.35 and a beta of 0.65.

Mattel (NASDAQ:MAT) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business earned $0.29 earnings per share. On average, equities analysts expect that Mattel will post 1.7 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.