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

Shares of Mattel, Inc. (NASDAQ:MAT) have received a consensus rating of “Hold” from the nine research firms that are covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $23.75.

MAT has been the subject of several research analyst reports. DA Davidson restated a “buy” rating and issued a $27.00 price objective on shares of Mattel in a research report on Thursday, October 24th. Jefferies Financial Group boosted their target price on Mattel from $18.25 to $20.00 and gave the stock a “hold” rating in a research report on Tuesday, October 1st. Bank of America upped their price target on Mattel from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Morgan Stanley lifted their price objective on Mattel from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. Finally, JPMorgan Chase & Co. upped their target price on shares of Mattel from $22.00 to $23.00 and gave the company a “neutral” rating in a research report on Monday, October 21st.

Mattel Trading Up 1.7 %

Shares of Mattel stock opened at $18.69 on Monday. Mattel has a 52-week low of $15.87 and a 52-week high of $20.59. The firm has a market capitalization of $6.30 billion, a PE ratio of 11.68, a price-to-earnings-growth ratio of 0.95 and a beta of 0.78. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.45 and a quick ratio of 1.88. The company’s fifty day moving average price is $19.09 and its two-hundred day moving average price is $18.39.

Mattel (NASDAQ:MAT) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $1.14 EPS for the quarter, beating 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 business had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the previous year, the firm earned $1.08 EPS. Mattel’s quarterly revenue was down 3.9% on a year-over-year basis. On average, analysts expect that Mattel will post 1.46 EPS for the current year.

Institutional Investors Weigh In On Mattel

Several institutional investors have recently added to or reduced their stakes in MAT. Price T Rowe Associates Inc. MD increased its stake in Mattel by 1.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,685,291 shares of the company’s stock valued at $231,487,000 after buying an additional 180,855 shares during the last quarter. Pacer Advisors Inc. increased 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 acquiring an additional 10,940,943 shares during the last quarter. State Street Corp raised its holdings in Mattel by 3.1% during the third quarter. State Street Corp now owns 10,517,270 shares of the company’s stock worth $200,354,000 after acquiring an additional 318,125 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in Mattel by 0.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 6,291,976 shares of the company’s stock valued at $119,862,000 after purchasing an additional 27,204 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake 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 in the last quarter. 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.