Brokerages Set Mattel, Inc. (NASDAQ:MAT) Price Target at $22.78

Shares of Mattel, Inc. (NASDAQ:MAT) have been assigned a consensus recommendation of “Moderate Buy” from the ten research firms that are presently covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $22.78.

Several research firms have issued reports on MAT. Bank of America lifted their price target on shares of Mattel from $25.00 to $26.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. DA Davidson lifted their price target on shares of Mattel from $26.00 to $27.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Citigroup lifted their price target on shares of Mattel from $25.00 to $26.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Jefferies Financial Group lifted their price target on shares of Mattel from $19.00 to $20.00 and gave the stock a “hold” rating in a report on Friday, March 15th. Finally, Roth Mkm reaffirmed a “neutral” rating and issued a $21.00 price target on shares of Mattel in a report on Wednesday, April 24th.

Insider Buying and Selling at Mattel

In other Mattel news, EVP Zanatta Roberto Jacobo Isaias sold 21,655 shares of the company’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $18.83, for a total value of $407,763.65. Following the sale, the executive vice president now directly owns 106,086 shares of the company’s stock, valued at $1,997,599.38. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Mattel news, EVP Zanatta Roberto Jacobo Isaias sold 21,655 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $18.83, for a total value of $407,763.65. Following the completion of the transaction, the executive vice president now owns 106,086 shares in the company, valued at $1,997,599.38. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Steve Totzke sold 23,662 shares of the company’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $18.89, for a total transaction of $446,975.18. Following the completion of the transaction, the insider now owns 152,018 shares of the company’s stock, valued at approximately $2,871,620.02. The disclosure for this sale can be found here. Over the last three months, insiders have sold 90,533 shares of company stock valued at $1,709,321. 1.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Trust Co. of Vermont raised its position in shares of Mattel by 833.3% in the third quarter. Trust Co. of Vermont now owns 1,120 shares of the company’s stock worth $25,000 after acquiring an additional 1,000 shares during the period. GAMMA Investing LLC raised its position in shares of Mattel by 108.5% during the 2nd quarter. GAMMA Investing LLC now owns 2,022 shares of the company’s stock worth $33,000 after purchasing an additional 1,052 shares during the last quarter. Partnership Wealth Management LLC acquired a new position in shares of Mattel during the 4th quarter worth about $61,000. Lazard Asset Management LLC acquired a new position in shares of Mattel during the 1st quarter worth about $76,000. Finally, DekaBank Deutsche Girozentrale acquired a new position in shares of Mattel during the 1st quarter worth about $76,000. Institutional investors and hedge funds own 97.15% of the company’s stock.

Mattel Stock Performance

Mattel stock opened at $16.25 on Friday. The company has a market capitalization of $5.59 billion, a PE ratio of 19.58, a P/E/G ratio of 1.04 and a beta of 0.86. Mattel has a fifty-two week low of $16.08 and a fifty-two week high of $22.64. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.88 and a current ratio of 2.49. The company has a 50 day moving average price of $17.79 and a 200-day moving average price of $18.53.

Mattel (NASDAQ:MAT) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.07. The company had revenue of $809.50 million during the quarter, compared to the consensus estimate of $833.52 million. Mattel had a net margin of 5.38% and a return on equity of 24.32%. Mattel’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.24) earnings per share. As a group, equities analysts forecast that Mattel will post 1.4 earnings per share for the current year.

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.