Mattel, Inc. (NASDAQ:MAT) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Mattel, Inc. (NASDAQ:MAT) have earned an average recommendation of “Moderate Buy” from the seven research firms that are presently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $25.57.

A number of research analysts have recently commented on the company. Bank of America raised their target price on Mattel from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. 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 note on Monday, October 21st. DA Davidson boosted their target price on shares of Mattel from $27.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday. Morgan Stanley increased their target price on shares of Mattel from $22.00 to $23.00 and gave the stock an “equal weight” rating in a report on Wednesday. Finally, StockNews.com upgraded Mattel from a “hold” rating to a “buy” rating in a research report on Saturday.

Institutional Investors Weigh In On Mattel

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Citigroup Inc. boosted 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 purchasing an additional 238,884 shares during the last quarter. FORA Capital LLC purchased a new position in shares of Mattel in the 3rd quarter valued at about $1,003,000. Charles Schwab Investment Management Inc. grew its holdings in Mattel by 2.8% during the 3rd 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 in the last quarter. Hantz Financial Services Inc. raised its stake in Mattel by 53.2% in the third quarter. Hantz Financial Services Inc. now owns 172,337 shares of the company’s stock valued at $3,283,000 after buying an additional 59,845 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in Mattel by 101.0% during the third quarter. Thrivent Financial for Lutherans now owns 168,410 shares of the company’s stock worth $3,208,000 after purchasing an additional 84,626 shares during the last quarter. Hedge funds and other institutional investors own 97.15% of the company’s stock.

Mattel Stock Performance

Shares of MAT opened at $21.48 on Friday. The stock’s 50-day simple moving average is $18.56 and its 200 day simple moving average is $18.85. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.88 and a current ratio of 2.45. Mattel has a 52-week low of $15.87 and a 52-week high of $21.88. The stock has a market capitalization of $7.24 billion, a price-to-earnings ratio of 13.43, a price-to-earnings-growth ratio of 0.88 and a beta of 0.76.

Mattel (NASDAQ:MAT) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.15. Mattel had a net margin of 10.24% and a return on equity of 25.39%. During the same period in the previous year, the business earned $0.29 EPS. Research analysts forecast that Mattel will post 1.5 EPS for the current fiscal 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.