Brokerages Set Mattel, Inc. (NASDAQ:MAT) PT at $26.40

Mattel, Inc. (NASDAQ:MAT) has earned an average rating of “Moderate Buy” from the five analysts that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $26.40.

Several equities research analysts have commented on the company. Morgan Stanley boosted their price objective on Mattel from $22.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 5th. StockNews.com raised Mattel from a “hold” rating to a “buy” rating in a research note on Wednesday, March 12th. DA Davidson raised shares of Mattel to a “strong-buy” rating in a research note on Monday, April 14th. Finally, Jefferies Financial Group upgraded shares of Mattel from a “hold” rating to a “buy” rating and increased their target price for the company from $20.00 to $28.00 in a research report on Wednesday, February 5th.

Mattel Stock Down 0.6 %

MAT stock opened at $15.68 on Thursday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 2.00 and a current ratio of 2.38. The company has a market cap of $5.06 billion, a price-to-earnings ratio of 9.80, a P/E/G ratio of 2.35 and a beta of 0.51. The business’s 50-day moving average is $18.48 and its two-hundred day moving average is $18.81. Mattel has a fifty-two week low of $13.95 and a fifty-two week high of $22.07.

Mattel (NASDAQ:MAT) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.15. Mattel had a return on equity of 25.94% and a net margin of 10.07%. During the same quarter in the previous year, the company posted $0.29 earnings per share. As a group, analysts forecast that Mattel will post 1.7 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Trust Co. of Vermont grew its holdings in shares of Mattel by 995.8% in the first quarter. Trust Co. of Vermont now owns 1,315 shares of the company’s stock valued at $26,000 after purchasing an additional 1,195 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Mattel in the 1st quarter valued at approximately $475,000. Blue Trust Inc. increased its holdings in shares of Mattel by 94.6% during the 1st quarter. Blue Trust Inc. now owns 4,859 shares of the company’s stock worth $94,000 after buying an additional 2,362 shares during the last quarter. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Mattel during the 1st quarter valued at approximately $375,000. Finally, State of Alaska Department of Revenue lifted its holdings in Mattel by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 39,479 shares of the company’s stock valued at $767,000 after acquiring an additional 1,070 shares during the last quarter. 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.