Mattel, Inc. (NASDAQ:MAT) Receives $23.75 Average Target Price from Analysts

Mattel, Inc. (NASDAQ:MAT) has received a consensus rating of “Hold” from the nine analysts that are currently covering the stock, MarketBeat.com reports. Five equities 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 analysts that have issued a report on the stock in the last year is $23.75.

Several research analysts recently issued reports on MAT shares. DA Davidson reaffirmed a “buy” rating and set a $27.00 target price on shares of Mattel in a research report on Thursday, October 24th. Morgan Stanley boosted their price objective on Mattel from $21.00 to $22.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. StockNews.com lowered Mattel from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Bank of America boosted their price target on Mattel from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, Jefferies Financial Group raised their price objective 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.

Mattel Stock Up 0.6 %

Shares of NASDAQ:MAT opened at $18.75 on Monday. The firm has a market cap of $6.32 billion, a P/E ratio of 11.80, a P/E/G ratio of 0.98 and a beta of 0.78. The company has a quick ratio of 1.88, a current ratio of 2.45 and a debt-to-equity ratio of 1.01. Mattel has a 12-month low of $15.87 and a 12-month high of $20.59. The business has a fifty day simple moving average of $19.07 and a 200 day simple moving average of $18.39.

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of MAT. Price T Rowe Associates Inc. MD raised its stake in shares of Mattel by 1.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 11,685,291 shares of the company’s stock worth $231,487,000 after purchasing an additional 180,855 shares during the last quarter. Barington Capital Group L.P. raised its position in Mattel by 25.3% in the 2nd quarter. Barington Capital Group L.P. now owns 595,000 shares of the company’s stock valued at $9,675,000 after buying an additional 120,000 shares during the last quarter. SG Americas Securities LLC bought a new position in Mattel during the 2nd quarter valued at $312,000. Tidal Investments LLC boosted its holdings in Mattel by 292.6% during the 1st quarter. Tidal Investments LLC now owns 83,462 shares of the company’s stock worth $1,653,000 after acquiring an additional 62,204 shares during the last quarter. Finally, Millennium Management LLC grew its stake in shares of Mattel by 92.5% in the 2nd quarter. Millennium Management LLC now owns 2,456,754 shares of the company’s stock worth $39,947,000 after acquiring an additional 1,180,301 shares in the last quarter. Institutional investors and hedge funds own 97.15% of the company’s stock.

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.