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

Mattel, Inc. (NASDAQ:MAT) has earned a consensus rating of “Hold” from the nine research firms that are currently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $22.63.

Several research firms recently commented on MAT. DA Davidson reissued a “buy” rating and issued a $27.00 price objective on shares of Mattel in a research note on Monday, July 22nd. StockNews.com upgraded Mattel from a “hold” rating to a “buy” rating in a report on Wednesday, August 21st.

Mattel Price Performance

Shares of MAT opened at $19.01 on Wednesday. The company has a market capitalization of $6.46 billion, a P/E ratio of 22.90, a P/E/G ratio of 1.19 and a beta of 0.80. Mattel has a fifty-two week low of $15.87 and a fifty-two week high of $22.30. The business’s 50-day moving average is $18.45 and its two-hundred day moving average is $18.41. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.81 and a current ratio of 2.58.

Mattel (NASDAQ:MAT) last posted its earnings results on Tuesday, July 23rd. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. The firm had revenue of $1.08 billion for 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 company’s quarterly revenue was down .7% on a year-over-year basis. During the same period last year, the firm earned $0.10 EPS. Research analysts predict that Mattel will post 1.43 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Panagora Asset Management Inc. raised its holdings in shares of Mattel by 7.4% in the 4th quarter. Panagora Asset Management Inc. now owns 11,861 shares of the company’s stock valued at $224,000 after purchasing an additional 816 shares in the last quarter. Private Advisor Group LLC increased its stake in Mattel by 4.6% in the first quarter. Private Advisor Group LLC now owns 19,526 shares of the company’s stock valued at $387,000 after purchasing an additional 860 shares during the period. GAMMA Investing LLC raised its stake in 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 last quarter. CWM LLC raised its stake in shares of Mattel by 71.0% during the second quarter. CWM LLC now owns 2,641 shares of the company’s stock worth $43,000 after purchasing an additional 1,097 shares during the last quarter. Finally, Retirement Systems of Alabama lifted its stake in shares of Mattel by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 443,570 shares of the company’s stock worth $8,787,000 after acquiring an additional 1,165 shares during the period. 97.15% of the stock is currently owned by hedge funds and other institutional investors.

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.