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

Mattel, Inc. (NASDAQ:MAT) has received a consensus recommendation of “Moderate Buy” from the seven analysts that are covering the firm, MarketBeat Ratings reports. Three 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 brokers that have issued ratings on the stock in the last year is $25.57.

A number of brokerages have issued reports on MAT. DA Davidson upped their price target on shares of Mattel from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, February 5th. Morgan Stanley increased their price objective on Mattel from $22.00 to $23.00 and gave the company an “equal weight” rating in a report on Wednesday, February 5th. Jefferies Financial Group upgraded Mattel from a “hold” rating to a “buy” rating and upped their target price for the company from $20.00 to $28.00 in a research report on Wednesday, February 5th. Finally, StockNews.com downgraded shares of Mattel from a “buy” rating to a “hold” rating in a report on Tuesday.

Mattel Price Performance

Shares of MAT opened at $20.45 on Wednesday. The company has a 50 day moving average of $19.43 and a two-hundred day moving average of $19.15. The company has a quick ratio of 2.00, a current ratio of 2.38 and a debt-to-equity ratio of 1.03. Mattel has a twelve month low of $15.87 and a twelve month high of $22.07. The company has a market cap of $6.81 billion, a price-to-earnings ratio of 12.78, a price-to-earnings-growth ratio of 2.35 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 analysts’ consensus estimates of $0.20 by $0.15. Mattel had a return on equity of 25.94% and a net margin of 10.07%. During the same period in the previous year, the business posted $0.29 earnings per share. As a group, analysts predict that Mattel will post 1.7 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Mattel

Several hedge funds have recently modified their holdings of the company. Creative Planning increased its position in shares of Mattel by 42.8% in the third quarter. Creative Planning now owns 15,026 shares of the company’s stock valued at $286,000 after buying an additional 4,504 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in Mattel in the 3rd quarter valued at about $108,000. State of Alaska Department of Revenue increased its stake in Mattel by 3.0% during the 3rd quarter. State of Alaska Department of Revenue now owns 39,484 shares of the company’s stock worth $752,000 after buying an additional 1,160 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in Mattel by 2.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 25,795 shares of the company’s stock worth $491,000 after buying an additional 693 shares in the last quarter. Finally, US Bancorp DE raised its holdings in shares of Mattel by 7.1% during the third quarter. US Bancorp DE now owns 21,096 shares of the company’s stock valued at $402,000 after acquiring an additional 1,400 shares during the last quarter. 97.15% of the stock is owned by hedge funds and other 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.