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

Mattel, Inc. (NASDAQ:MAT) has been given an average rating of “Hold” by the nine research firms that are presently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $23.75.

A number of equities analysts have issued reports on MAT shares. DA Davidson restated a “buy” rating and set a $27.00 target price on shares of Mattel in a report on Thursday, October 24th. StockNews.com downgraded shares of Mattel from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Jefferies Financial Group boosted their price objective on shares of Mattel from $18.25 to $20.00 and gave the company a “hold” rating in a report on Tuesday, October 1st. Morgan Stanley increased their target price 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. Finally, JPMorgan Chase & Co. boosted their price target on shares of Mattel from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Monday, October 21st.

Hedge Funds Weigh In On Mattel

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. UMB Bank n.a. lifted its stake in Mattel by 584.3% in the 3rd quarter. UMB Bank n.a. now owns 1,485 shares of the company’s stock valued at $28,000 after acquiring an additional 1,268 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Mattel in the third quarter valued at approximately $29,000. Blue Trust Inc. lifted its position in shares of Mattel by 143.2% in 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 in the last quarter. Prospera Private Wealth LLC acquired a new position in Mattel during the third quarter worth $34,000. Finally, GAMMA Investing LLC grew its position in Mattel by 38.3% in the third quarter. GAMMA Investing LLC now owns 2,797 shares of the company’s stock valued at $53,000 after purchasing an additional 775 shares in the last quarter. 97.15% of the stock is owned by institutional investors and hedge funds.

Mattel Trading Up 0.3 %

MAT opened at $17.86 on Friday. The firm has a 50 day simple moving average of $18.97 and a 200 day simple moving average of $18.49. Mattel has a fifty-two week low of $15.87 and a fifty-two week high of $20.59. The company has a market cap of $6.02 billion, a price-to-earnings ratio of 11.16, a price-to-earnings-growth ratio of 0.99 and a beta of 0.76. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.45 and a quick ratio of 1.88.

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

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.