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

Shares of Mattel, Inc. (NASDAQ:MAT) have been assigned a consensus rating of “Moderate Buy” from the ten research firms that are presently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $22.78.

A number of research analysts have weighed in on the stock. DA Davidson lifted their price objective on shares of Mattel from $26.00 to $27.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Citigroup lifted their price objective on shares of Mattel from $25.00 to $26.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Roth Mkm reaffirmed a “neutral” rating and issued a $21.00 price objective on shares of Mattel in a report on Wednesday, April 24th. Bank of America lifted their price objective on shares of Mattel from $25.00 to $26.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Finally, Jefferies Financial Group lifted their price objective on shares of Mattel from $19.00 to $20.00 and gave the company a “hold” rating in a report on Friday, March 15th.

Mattel Trading Up 0.5 %

NASDAQ:MAT opened at $16.31 on Friday. Mattel has a 12 month low of $16.08 and a 12 month high of $22.64. The firm has a fifty day simple moving average of $17.92 and a 200-day simple moving average of $18.59. The company has a current ratio of 2.49, a quick ratio of 1.88 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $5.61 billion, a P/E ratio of 19.65, a PEG ratio of 1.05 and a beta of 0.90.

Mattel (NASDAQ:MAT) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.07. Mattel had a net margin of 5.38% and a return on equity of 24.32%. The business had revenue of $809.50 million during the quarter, compared to the consensus estimate of $833.52 million. During the same period in the previous year, the firm posted ($0.24) earnings per share. The business’s revenue for the quarter was down .6% compared to the same quarter last year. On average, equities research analysts anticipate that Mattel will post 1.4 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Zanatta Roberto Jacobo Isaias sold 21,655 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $18.83, for a total transaction of $407,763.65. Following the sale, the executive vice president now directly owns 106,086 shares of the company’s stock, valued at approximately $1,997,599.38. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Mattel news, insider Steve Totzke sold 45,216 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $18.90, for a total value of $854,582.40. Following the sale, the insider now directly owns 101,902 shares of the company’s stock, valued at approximately $1,925,947.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Zanatta Roberto Jacobo Isaias sold 21,655 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $18.83, for a total transaction of $407,763.65. Following the completion of the sale, the executive vice president now directly owns 106,086 shares in the company, valued at $1,997,599.38. The disclosure for this sale can be found here. Insiders have sold a total of 90,533 shares of company stock valued at $1,709,321 in the last ninety days. Company insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. DekaBank Deutsche Girozentrale acquired a new position in shares of Mattel in the 1st quarter valued at $76,000. Comerica Bank boosted its stake in Mattel by 99.4% during the 1st quarter. Comerica Bank now owns 291,683 shares of the company’s stock worth $5,778,000 after purchasing an additional 145,391 shares during the period. Tidal Investments LLC boosted its stake in Mattel by 292.6% during the 1st quarter. Tidal Investments LLC now owns 83,462 shares of the company’s stock worth $1,653,000 after purchasing an additional 62,204 shares during the period. Janus Henderson Group PLC boosted its stake in Mattel by 8.5% during the 1st quarter. Janus Henderson Group PLC now owns 187,296 shares of the company’s stock worth $3,708,000 after purchasing an additional 14,632 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its stake in Mattel by 1.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,685,291 shares of the company’s stock worth $231,487,000 after purchasing an additional 180,855 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.