Mattel (NASDAQ:MAT) PT Raised to $26.00

Mattel (NASDAQ:MAT) had its price objective hoisted by stock analysts at Bank of America from $25.00 to $26.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Bank of America‘s target price indicates a potential upside of 40.77% from the company’s previous close.

MAT has been the subject of several other research reports. TheStreet cut Mattel from a “b-” rating to a “c+” rating in a report on Wednesday, January 24th. Roth Capital cut Mattel from a “buy” rating to a “neutral” rating in a report on Thursday, January 4th. StockNews.com upgraded Mattel from a “hold” rating to a “buy” rating in a report on Monday, February 26th. Stifel Nicolaus decreased their price objective on Mattel from $26.00 to $23.00 and set a “buy” rating for the company in a report on Wednesday, January 24th. Finally, DA Davidson raised their target price on shares of Mattel from $26.00 to $27.00 and gave the company a “buy” rating in a research note on Wednesday. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Mattel currently has a consensus rating of “Moderate Buy” and an average target price of $22.78.

Mattel Price Performance

MAT stock opened at $18.47 on Wednesday. The stock has a 50-day moving average price of $19.30 and a two-hundred day moving average price of $19.08. The stock has a market cap of $6.35 billion, a PE ratio of 22.25, a price-to-earnings-growth 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 1 year low of $16.20 and a 1 year high of $22.64.

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

Institutional Investors Weigh In On Mattel

Hedge funds have recently bought and sold shares of the stock. Handelsbanken Fonder AB raised its position in shares of Mattel by 17.2% in the third quarter. Handelsbanken Fonder AB now owns 64,100 shares of the company’s stock valued at $1,412,000 after buying an additional 9,400 shares in the last quarter. Commonwealth Equity Services LLC raised its position in shares of Mattel by 11.6% in the third quarter. Commonwealth Equity Services LLC now owns 19,199 shares of the company’s stock valued at $423,000 after buying an additional 1,988 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Mattel in the third quarter valued at approximately $286,000. Xponance Inc. increased its stake in Mattel by 6.1% in the third quarter. Xponance Inc. now owns 45,618 shares of the company’s stock valued at $1,005,000 after acquiring an additional 2,629 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. bought a new position in Mattel in the third quarter valued at approximately $468,000. 97.15% of the stock is currently owned by institutional investors and hedge funds.

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.