Mattel (NASDAQ:MAT) Price Target Increased to $27.00 by Analysts at DA Davidson

Mattel (NASDAQ:MAT) had its target price boosted by DA Davidson from $26.00 to $27.00 in a report published on Wednesday morning, Benzinga reports. They currently have a buy rating on the stock.

Several other brokerages have also issued reports on MAT. StockNews.com raised Mattel from a hold rating to a buy rating in a research report on Monday, February 26th. TheStreet lowered Mattel from a b- rating to a c+ rating in a research report on Wednesday, January 24th. Morgan Stanley reiterated an equal weight rating and set a $19.00 price target (down previously from $25.00) on shares of Mattel in a research note on Wednesday, January 17th. Stifel Nicolaus dropped their price target on Mattel from $26.00 to $23.00 and set a buy rating on the stock in a research note on Wednesday, January 24th. Finally, Roth Mkm reiterated a neutral rating and set a $20.00 price target (down previously from $24.00) on shares of Mattel in a research note on Thursday, January 4th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Mattel currently has a consensus rating of Moderate Buy and an average price target of $22.78.

Mattel Trading Up 2.4 %

MAT opened at $19.18 on Wednesday. The firm has a market cap of $6.60 billion, a price-to-earnings ratio of 23.11, a PEG ratio of 1.25 and a beta of 0.95. The company has a current ratio of 2.33, a quick ratio of 1.90 and a debt-to-equity ratio of 1.08. Mattel has a 12 month low of $16.20 and a 12 month high of $22.64. The stock has a fifty day moving average price of $19.30 and a 200-day moving average price of $19.08.

Mattel (NASDAQ:MAT) last released its quarterly earnings results on Tuesday, April 23rd. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.07. The firm had revenue of $809.50 million during the quarter, compared to analyst estimates of $833.52 million. Mattel had a return on equity of 24.25% and a net margin of 5.38%. The business’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.24) EPS. As a group, equities research analysts anticipate that Mattel will post 1.37 earnings per share for the current fiscal year.

Institutional Trading of Mattel

A number of hedge funds have recently modified their holdings of MAT. Handelsbanken Fonder AB boosted its stake in shares of Mattel by 17.2% in the third quarter. Handelsbanken Fonder AB now owns 64,100 shares of the company’s stock worth $1,412,000 after buying an additional 9,400 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in Mattel by 11.6% during the third quarter. Commonwealth Equity Services LLC now owns 19,199 shares of the company’s stock worth $423,000 after purchasing an additional 1,988 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new position in Mattel during the third quarter worth approximately $286,000. Xponance Inc. boosted its position in Mattel by 6.1% during the third quarter. Xponance Inc. now owns 45,618 shares of the company’s stock worth $1,005,000 after purchasing an additional 2,629 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in Mattel during the third quarter worth approximately $468,000. Hedge funds and other institutional investors own 97.15% of the company’s stock.

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.