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

Mattel, Inc. (NASDAQ:MAT) has been given a consensus rating of “Hold” by the nine ratings firms that are presently covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $23.75.

A number of research firms have recently commented on MAT. Bank of America raised their price objective on Mattel from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. raised their price target on shares of Mattel from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Jefferies Financial Group lifted their price target on shares of Mattel from $18.25 to $20.00 and gave the company a “hold” rating in a research report on Tuesday, October 1st. Morgan Stanley increased their price objective on shares of Mattel from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. Finally, DA Davidson reissued a “buy” rating and issued a $27.00 target price on shares of Mattel in a research note on Thursday, October 24th.

Hedge Funds Weigh In On Mattel

Institutional investors have recently made changes to their positions in the stock. UMB Bank n.a. boosted its holdings in shares of Mattel by 584.3% during the third quarter. UMB Bank n.a. now owns 1,485 shares of the company’s stock valued at $28,000 after acquiring an additional 1,268 shares during the period. V Square Quantitative Management LLC acquired a new stake in shares of Mattel in the third quarter valued at approximately $29,000. GAMMA Investing LLC raised its holdings in shares of Mattel by 108.5% during the second quarter. GAMMA Investing LLC now owns 2,022 shares of the company’s stock valued at $33,000 after buying an additional 1,052 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Mattel by 143.2% during the second quarter. Blue Trust Inc. now owns 2,072 shares of the company’s stock worth $34,000 after buying an additional 1,220 shares during the period. Finally, CWM LLC grew its holdings in Mattel by 71.0% in the 2nd quarter. CWM LLC now owns 2,641 shares of the company’s stock worth $43,000 after buying an additional 1,097 shares in the last quarter. 97.15% of the stock is owned by institutional investors.

Mattel Stock Up 2.6 %

MAT stock opened at $20.34 on Thursday. The company has a 50 day moving average price of $19.02 and a two-hundred day moving average price of $18.31. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.81 and a current ratio of 2.58. The stock has a market capitalization of $7.00 billion, a P/E ratio of 24.51, a PEG ratio of 0.99 and a beta of 0.79. Mattel has a one year low of $15.87 and a one year high of $20.48.

Mattel (NASDAQ:MAT) last issued its quarterly 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 return on equity of 25.72% and a net margin of 5.94%. The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period last year, the company earned $1.08 EPS. The firm’s quarterly revenue was down 3.9% on a year-over-year basis. As a group, sell-side analysts expect that Mattel will post 1.44 EPS 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.