Brokerages Set Mattel, Inc. (NASDAQ:MAT) Price Target at $22.63

Shares of Mattel, Inc. (NASDAQ:MAT) have been assigned a consensus recommendation of “Hold” from the nine ratings firms that are covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and four have given 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 $22.63.

MAT has been the topic of several research analyst reports. DA Davidson restated a “buy” rating and set a $27.00 target price on shares of Mattel in a research report on Monday, July 22nd. Bank of America increased their target price on shares of Mattel from $25.00 to $26.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. StockNews.com lowered Mattel from a “buy” rating to a “hold” rating in a research note on Saturday, August 10th. Roth Mkm reaffirmed a “neutral” rating and issued a $21.00 price objective on shares of Mattel in a research note on Wednesday, April 24th. Finally, Citigroup boosted their target price on Mattel from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th.

Mattel Trading Down 0.8 %

Shares of Mattel stock opened at $19.07 on Friday. The company has a quick ratio of 1.81, a current ratio of 2.58 and a debt-to-equity ratio of 1.18. The firm has a market cap of $6.56 billion, a price-to-earnings ratio of 22.98, a price-to-earnings-growth ratio of 1.25 and a beta of 0.86. Mattel has a 52-week low of $15.87 and a 52-week high of $22.44. The company’s 50-day simple moving average is $17.63 and its 200-day simple moving average is $18.42.

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

Institutional Investors Weigh In On Mattel

Several hedge funds have recently modified their holdings of the company. GAMMA Investing LLC boosted its position in Mattel by 108.5% during the second quarter. GAMMA Investing LLC now owns 2,022 shares of the company’s stock worth $33,000 after acquiring an additional 1,052 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of 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 purchasing an additional 1,220 shares during the last quarter. CWM LLC grew its position in shares of Mattel by 71.0% in the second quarter. CWM LLC now owns 2,641 shares of the company’s stock valued at $43,000 after purchasing an additional 1,097 shares during the period. Versant Capital Management Inc increased its stake in Mattel by 14,185.0% in the second quarter. Versant Capital Management Inc now owns 2,857 shares of the company’s stock valued at $46,000 after purchasing an additional 2,837 shares during the last quarter. Finally, Partnership Wealth Management LLC acquired a new stake in Mattel in the 4th quarter worth about $61,000. 97.15% of the stock is owned by institutional investors and hedge funds.

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.