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

Mattel, Inc. (NASDAQ:MAT) has been assigned an average recommendation of “Moderate Buy” from the eight brokerages that are covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $23.75.

Several brokerages recently weighed in on MAT. StockNews.com upgraded shares of Mattel from a “hold” rating to a “buy” rating in a report on Thursday, January 2nd. DA Davidson restated a “buy” rating and issued a $27.00 price target on shares of Mattel in a research report on Thursday, October 24th. Bank of America upped their price objective on Mattel from $26.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. boosted their target price on Mattel from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Finally, Morgan Stanley increased their price target on shares of Mattel from $21.00 to $22.00 and gave the company an “equal weight” rating in a research report on Thursday, October 24th.

Hedge Funds Weigh In On Mattel

A number of institutional investors have recently bought and sold shares of the business. Barington Capital Group L.P. lifted its stake in shares of Mattel by 25.3% during the 2nd quarter. Barington Capital Group L.P. now owns 595,000 shares of the company’s stock worth $9,675,000 after buying an additional 120,000 shares during the last quarter. Citigroup Inc. raised its holdings in Mattel by 449.9% in the 3rd quarter. Citigroup Inc. now owns 291,983 shares of the company’s stock valued at $5,562,000 after acquiring an additional 238,884 shares during the period. FORA Capital LLC acquired a new stake in Mattel during the third quarter worth approximately $1,003,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Mattel by 2.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,263,611 shares of the company’s stock worth $81,222,000 after acquiring an additional 114,305 shares during the period. Finally, Hantz Financial Services Inc. boosted its holdings in shares of Mattel by 53.2% during the third quarter. Hantz Financial Services Inc. now owns 172,337 shares of the company’s stock worth $3,283,000 after acquiring an additional 59,845 shares during the period. Institutional investors and hedge funds own 97.15% of the company’s stock.

Mattel Stock Down 1.4 %

NASDAQ MAT opened at $18.42 on Tuesday. The stock’s 50 day simple moving average is $18.63 and its 200 day simple moving average is $18.60. Mattel has a one year low of $15.87 and a one year high of $20.59. The firm has a market cap of $6.21 billion, a PE ratio of 11.51, a price-to-earnings-growth ratio of 0.97 and a beta of 0.75. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.45 and a quick ratio of 1.88.

Mattel (NASDAQ:MAT) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.19. Mattel had a net margin of 10.24% and a return on equity of 25.39%. The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the prior year, the firm earned $1.08 EPS. The company’s revenue was down 3.9% on a year-over-year basis. As a group, sell-side analysts forecast that Mattel will post 1.46 earnings per share for the current fiscal year.

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.