Mattel, Inc. (NASDAQ:MAT) Receives $23.75 Consensus Price Target from Brokerages

Shares of Mattel, Inc. (NASDAQ:MAT) have been assigned a consensus rating of “Hold” from the nine research firms that are covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $23.75.

Several research firms have recently weighed in on MAT. Bank of America lifted their price objective on Mattel from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. DA Davidson restated a “buy” rating and issued a $27.00 price target on shares of Mattel in a report on Thursday, October 24th. Jefferies Financial Group boosted their target price on shares of Mattel from $18.25 to $20.00 and gave the stock a “hold” rating in a research report on Tuesday, October 1st. JPMorgan Chase & Co. lifted 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 raised their price objective on shares of Mattel from $21.00 to $22.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th.

Mattel Stock Up 0.7 %

MAT opened at $17.94 on Friday. Mattel has a 12 month low of $15.87 and a 12 month high of $20.59. The business has a 50-day moving average of $18.94 and a two-hundred day moving average of $18.50. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.45 and a quick ratio of 1.88. The stock has a market capitalization of $6.04 billion, a price-to-earnings ratio of 11.21, a price-to-earnings-growth ratio of 0.97 and a beta of 0.76.

Mattel (NASDAQ:MAT) last released its earnings results on Wednesday, October 23rd. The company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.19. The firm had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.86 billion. Mattel had a net margin of 10.24% and a return on equity of 25.39%. Mattel’s revenue was down 3.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.08 earnings per share. On average, research analysts expect that Mattel will post 1.46 earnings per share for the current year.

Institutional Investors Weigh In On Mattel

A number of hedge funds have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC raised 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 valued at $491,000 after acquiring an additional 693 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Mattel by 38.3% in the 3rd quarter. GAMMA Investing LLC now owns 2,797 shares of the company’s stock worth $53,000 after purchasing an additional 775 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in Mattel by 3.0% during the third quarter. State of Alaska Department of Revenue now owns 39,484 shares of the company’s stock valued at $752,000 after purchasing an additional 1,160 shares during the last quarter. Blue Trust Inc. boosted its holdings in Mattel by 143.2% during the second quarter. Blue Trust Inc. now owns 2,072 shares of the company’s stock worth $34,000 after buying an additional 1,220 shares in the last quarter. Finally, KBC Group NV increased its holdings in shares of Mattel by 13.8% in the third quarter. KBC Group NV now owns 10,166 shares of the company’s stock valued at $194,000 after buying an additional 1,229 shares in the last quarter. 97.15% of the stock is currently owned by 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.