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

Mattel, Inc. (NASDAQ:MAT) has received an average recommendation of “Hold” from the nine ratings firms that are covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $23.75.

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

Mattel Stock Down 1.9 %

MAT opened at $17.81 on Friday. The business has a 50 day moving average of $19.00 and a 200-day moving average of $18.49. Mattel has a 1-year low of $15.87 and a 1-year high of $20.59. The company has a current ratio of 2.45, a quick ratio of 1.88 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $6.00 billion, a price-to-earnings ratio of 11.13, a P/E/G ratio of 0.99 and a beta of 0.76.

Mattel (NASDAQ:MAT) last issued its earnings results on Wednesday, October 23rd. The company reported $1.14 EPS for the quarter, topping the consensus estimate of $0.95 by $0.19. Mattel had a return on equity of 25.39% and a net margin of 10.24%. The firm had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same period last year, the business earned $1.08 earnings per share. Mattel’s quarterly 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

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

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.