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

Shares of Mattel, Inc. (NASDAQ:MAT) have been assigned a consensus rating of “Hold” from the nine research firms that are covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $22.63.

Several research analysts recently weighed in on the company. StockNews.com upgraded Mattel from a “hold” rating to a “buy” rating in a research report on Wednesday, August 21st. Jefferies Financial Group increased their price objective on shares of Mattel from $18.25 to $20.00 and gave the stock a “hold” rating in a research report on Tuesday, October 1st. Finally, DA Davidson restated a “buy” rating and set a $27.00 price target on shares of Mattel in a research note on Monday, July 22nd.

Institutional Investors Weigh In On Mattel

Several institutional investors have recently made changes to their positions in the stock. Hsbc Holdings PLC acquired a new position in shares of Mattel during the 4th quarter worth $1,169,000. The Manufacturers Life Insurance Company grew its holdings in Mattel by 9.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 606,131 shares of the company’s stock valued at $11,444,000 after buying an additional 50,419 shares during the last quarter. Pinebridge Investments L.P. acquired a new position in shares of Mattel in the fourth quarter worth $616,000. Capital Fund Management S.A. boosted its stake in shares of Mattel by 44.4% during the fourth quarter. Capital Fund Management S.A. now owns 575,160 shares of the company’s stock valued at $10,859,000 after acquiring an additional 176,927 shares during the last quarter. Finally, Neuberger Berman Group LLC purchased a new stake in Mattel during the 4th quarter worth about $251,000. 97.15% of the stock is currently owned by hedge funds and other institutional investors.

Mattel Stock Performance

MAT opened at $19.26 on Friday. The stock has a market cap of $6.63 billion, a P/E ratio of 23.20, a P/E/G ratio of 1.25 and a beta of 0.79. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.58 and a quick ratio of 1.81. The firm has a fifty day moving average price of $19.03 and a 200 day moving average price of $18.36. Mattel has a 1 year low of $15.87 and a 1 year high of $21.52.

Mattel (NASDAQ:MAT) last released its quarterly earnings results on Tuesday, July 23rd. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. Mattel had a net margin of 5.94% and a return on equity of 25.72%. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter last year, the company earned $0.10 EPS. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. Equities research analysts anticipate that Mattel will post 1.43 earnings per share for the current 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.