Mattel (NASDAQ:MAT) Sees Strong Trading Volume – Still a Buy?

Shares of Mattel, Inc. (NASDAQ:MATGet Free Report) saw an uptick in trading volume on Friday . 8,145,192 shares traded hands during mid-day trading, an increase of 153% from the previous session’s volume of 3,214,677 shares.The stock last traded at $18.42 and had previously closed at $18.38.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. StockNews.com lowered shares of Mattel from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. lifted their price target on shares of Mattel from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Jefferies Financial Group increased their price objective on Mattel from $18.25 to $20.00 and gave the company a “hold” rating in a report on Tuesday, October 1st. DA Davidson restated a “buy” rating and set a $27.00 target price on shares of Mattel in a research note on Thursday, October 24th. Finally, Bank of America upped their target price on Mattel from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Mattel presently has an average rating of “Hold” and an average target price of $23.75.

View Our Latest Research Report on Mattel

Mattel Price Performance

The company has a market capitalization of $6.30 billion, a price-to-earnings ratio of 11.68, a P/E/G ratio of 0.95 and a beta of 0.78. The firm has a 50-day simple moving average of $19.09 and a two-hundred day simple moving average of $18.39. The company has a current ratio of 2.45, a quick ratio of 1.88 and a debt-to-equity ratio of 1.01.

Mattel (NASDAQ:MATGet Free Report) last posted its earnings results on Wednesday, October 23rd. The company reported $1.14 EPS for the quarter, topping 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 firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period last year, the company earned $1.08 earnings per share. Mattel’s revenue for the quarter was down 3.9% compared to the same quarter last year. As a group, analysts predict that Mattel, Inc. will post 1.46 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Mattel

Several large investors have recently made changes to their positions in MAT. UMB Bank n.a. increased its holdings in Mattel by 584.3% in the third quarter. UMB Bank n.a. now owns 1,485 shares of the company’s stock valued at $28,000 after buying an additional 1,268 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Mattel during the 3rd quarter valued at about $29,000. GAMMA Investing LLC grew its position in shares of Mattel by 108.5% during the 2nd quarter. GAMMA Investing LLC now owns 2,022 shares of the company’s stock valued at $33,000 after acquiring an additional 1,052 shares during the period. Blue Trust Inc. increased its stake in shares of Mattel by 143.2% in the 2nd quarter. Blue Trust Inc. now owns 2,072 shares of the company’s stock valued at $34,000 after purchasing an additional 1,220 shares in the last quarter. Finally, Prospera Private Wealth LLC acquired a new position in Mattel in the 3rd quarter worth about $34,000. 97.15% of the stock is currently owned by institutional investors and hedge funds.

Mattel Company Profile

(Get Free Report)

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.

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