Brokerages Set Mattel, Inc. (NASDAQ:MAT) Target Price at $22.13

Mattel, Inc. (NASDAQ:MAT) has received a consensus recommendation of “Hold” from the nine analysts that are presently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $22.13.

Several brokerages recently weighed in on MAT. Roth Capital lowered shares of Mattel from a “buy” rating to a “neutral” rating in a research report on Thursday, January 4th. StockNews.com upgraded Mattel from a “hold” rating to a “buy” rating in a report on Monday, February 26th. DA Davidson increased their price target on Mattel from $25.00 to $26.00 and gave the company a “buy” rating in a report on Thursday, February 8th. TheStreet downgraded Mattel from a “b-” rating to a “c+” rating in a report 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 report on Thursday, January 4th.

Mattel Price Performance

Shares of MAT opened at $18.17 on Friday. The firm has a market cap of $6.25 billion, a PE ratio of 29.79, a PEG ratio of 1.20 and a beta of 0.95. The firm’s 50 day moving average price is $19.33 and its 200 day moving average price is $19.16. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.90 and a current ratio of 2.33. Mattel has a twelve month low of $16.20 and a twelve month high of $22.64.

Mattel (NASDAQ:MAT) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.01). The business had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.65 billion. Mattel had a net margin of 3.94% and a return on equity of 21.25%. Mattel’s revenue was up 15.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.18 EPS. As a group, research analysts expect that Mattel will post 1.37 EPS for the current fiscal year.

Institutional Investors Weigh In On Mattel

Several hedge funds and other institutional investors have recently modified their holdings of the stock. State of Michigan Retirement System grew its stake in shares of Mattel by 2.4% in the first quarter. State of Michigan Retirement System now owns 86,733 shares of the company’s stock worth $1,718,000 after acquiring an additional 2,000 shares during the last quarter. Thompson Investment Management Inc. grew its stake in shares of Mattel by 8.8% in the first quarter. Thompson Investment Management Inc. now owns 14,780 shares of the company’s stock worth $293,000 after acquiring an additional 1,200 shares during the last quarter. Kapitalo Investimentos Ltda grew its stake in shares of Mattel by 89.8% in the fourth quarter. Kapitalo Investimentos Ltda now owns 15,190 shares of the company’s stock worth $287,000 after acquiring an additional 7,186 shares during the last quarter. Wellington Management Group LLP acquired a new stake in shares of Mattel in the fourth quarter worth $287,000. Finally, Public Employees Retirement System of Ohio grew its stake in shares of Mattel by 2.6% in the fourth quarter. Public Employees Retirement System of Ohio now owns 150,710 shares of the company’s stock worth $2,845,000 after acquiring an additional 3,875 shares during the last quarter. Institutional investors and hedge funds 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.