Mattel (NASDAQ:MAT) PT Raised to $20.00 at Jefferies Financial Group

Mattel (NASDAQ:MAT) had its target price upped by equities researchers at Jefferies Financial Group from $18.25 to $20.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm presently has a “hold” rating on the stock. Jefferies Financial Group’s price objective would indicate a potential upside of 5.37% from the company’s previous close.

MAT has been the subject of a number of other research reports. DA Davidson reissued a “buy” rating and issued a $27.00 price objective on shares of Mattel in a report on Monday, July 22nd. StockNews.com upgraded shares of Mattel from a “hold” rating to a “buy” rating in a report on Wednesday, August 21st. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Mattel has a consensus rating of “Moderate Buy” and an average target price of $22.63.

Mattel Stock Down 0.8 %

MAT stock opened at $18.98 on Tuesday. The company has a market cap of $6.53 billion, a price-to-earnings ratio of 22.87, a PEG ratio of 1.25 and a beta of 0.80. The firm has a 50-day moving average of $19.02 and a two-hundred day moving average of $18.35. Mattel has a 12 month low of $15.87 and a 12 month high of $21.74. The company has a current ratio of 2.58, a quick ratio of 1.81 and a debt-to-equity ratio of 1.18.

Mattel (NASDAQ:MAT) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.17 by $0.02. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Mattel had a return on equity of 25.72% and a net margin of 5.94%. The business’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter last year, the firm earned $0.10 earnings per share. As a group, analysts forecast that Mattel will post 1.43 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Mattel

Large investors have recently made changes to their positions in the stock. Capital International Investors lifted its stake in Mattel by 4.6% during the first quarter. Capital International Investors now owns 19,231,375 shares of the company’s stock worth $380,974,000 after purchasing an additional 845,368 shares in the last quarter. Ariel Investments LLC lifted its stake in Mattel by 0.7% during the 1st quarter. Ariel Investments LLC now owns 15,583,293 shares of the company’s stock worth $308,705,000 after acquiring an additional 112,786 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Mattel by 1.6% during 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 acquiring an additional 180,855 shares during the period. Pacer Advisors Inc. grew its position in Mattel by 20,152.4% in the 2nd 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 in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Mattel by 34.3% during the second quarter. Dimensional Fund Advisors LP now owns 5,794,138 shares of the company’s stock worth $94,215,000 after purchasing an additional 1,479,227 shares during the period. 97.15% of the stock is currently owned by institutional investors and hedge funds.

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.