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

Shares of Mattel, Inc. (NASDAQ:MAT) have been given an average rating of “Hold” by the nine brokerages that are covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $23.75.

Several equities research analysts have recently weighed in on MAT shares. JPMorgan Chase & Co. increased their target price on shares of Mattel from $22.00 to $23.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Jefferies Financial Group increased their price objective on Mattel from $18.25 to $20.00 and gave the stock a “hold” rating in a research report on Tuesday, October 1st. Morgan Stanley boosted their target price on Mattel from $21.00 to $22.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th. StockNews.com downgraded Mattel from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Finally, DA Davidson reissued a “buy” rating and issued a $27.00 price objective on shares of Mattel in a research note on Thursday, October 24th.

Institutional Investors Weigh In On Mattel

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD lifted 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 valued at $231,487,000 after purchasing an additional 180,855 shares during the period. Barington Capital Group L.P. increased its holdings in Mattel by 25.3% in the second 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 in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Mattel during the 2nd quarter valued at approximately $312,000. Tidal Investments LLC boosted its stake in shares of 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 in the last quarter. Finally, Thrivent Financial for Lutherans grew its holdings in shares of Mattel by 101.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 168,410 shares of the company’s stock worth $3,208,000 after acquiring an additional 84,626 shares during the period. Institutional investors and hedge funds own 97.15% of the company’s stock.

Mattel Trading Up 1.4 %

MAT opened at $19.02 on Monday. 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 52 week low of $15.87 and a 52 week high of $20.59. The business’s 50 day moving average is $19.05 and its two-hundred day moving average is $18.39. The firm has a market cap of $6.41 billion, a price-to-earnings ratio of 11.89, a price-to-earnings-growth ratio of 0.97 and a beta of 0.78.

Mattel (NASDAQ:MAT) last announced its earnings results on Wednesday, October 23rd. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.19. The business had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Mattel had a net margin of 10.24% and a return on equity of 25.39%. The company’s quarterly revenue was down 3.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.08 EPS. On average, research analysts predict that Mattel will post 1.46 EPS 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.