Mattel (NASDAQ:MAT) PT Raised to $26.00 at Citigroup

Mattel (NASDAQ:MAT) had its price target hoisted by equities researchers at Citigroup from $25.00 to $26.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s price objective would indicate a potential upside of 40.77% from the stock’s current price.

Other research analysts have also recently issued reports about the stock. JPMorgan Chase & Co. cut shares of Mattel from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $24.00 to $19.00 in a research report on Monday, February 5th. DA Davidson upped their price objective on shares of Mattel from $26.00 to $27.00 and gave the stock a “buy” rating in a research report on Wednesday. Jefferies Financial Group upped their price objective on shares of Mattel from $19.00 to $20.00 and gave the stock a “hold” rating in a research report on Friday, March 15th. StockNews.com upgraded shares of Mattel from a “hold” rating to a “buy” rating in a research report on Monday, February 26th. Finally, Stifel Nicolaus decreased their price objective on shares of Mattel from $26.00 to $23.00 and set a “buy” rating on the stock in a research report on Wednesday, January 24th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.78.

Mattel Trading Down 3.7 %

Shares of MAT opened at $18.47 on Wednesday. The business’s 50-day moving average price is $19.30 and its 200-day moving average price is $19.08. Mattel has a twelve month low of $16.20 and a twelve month high of $22.64. The stock has a market cap of $6.35 billion, a PE ratio of 22.25, a P/E/G ratio of 1.25 and a beta of 0.95. The company has a quick ratio of 1.90, a current ratio of 2.33 and a debt-to-equity ratio of 1.08.

Mattel (NASDAQ:MAT) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.07. Mattel had a return on equity of 24.25% and a net margin of 5.38%. The firm had revenue of $809.50 million for the quarter, compared to analysts’ expectations of $833.52 million. During the same period in the prior year, the business posted ($0.24) earnings per share. The company’s revenue was down .6% on a year-over-year basis. On average, equities analysts forecast that Mattel will post 1.37 EPS for the current fiscal year.

Institutional Trading of Mattel

Institutional investors have recently made changes to their positions in the stock. Trust Co. of Vermont boosted its stake in shares of Mattel by 833.3% during the third quarter. Trust Co. of Vermont now owns 1,120 shares of the company’s stock valued at $25,000 after purchasing an additional 1,000 shares during the period. Clearstead Advisors LLC purchased a new stake in Mattel in the third quarter worth $52,000. Y.D. More Investments Ltd purchased a new stake in Mattel in the third quarter worth $53,000. Partnership Wealth Management LLC purchased a new stake in Mattel in the fourth quarter worth $61,000. Finally, Fifth Third Bancorp lifted its stake in Mattel by 23.3% in the third quarter. Fifth Third Bancorp now owns 2,908 shares of the company’s stock worth $64,000 after acquiring an additional 550 shares during the period. Hedge funds and other institutional investors 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.