Mattel, Inc. (NASDAQ:MAT) Given Consensus Recommendation of “Hold” by Brokerages

Mattel, Inc. (NASDAQ:MAT) has been given an average recommendation of “Hold” by the nine brokerages that are covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $22.63.

Several research analysts have recently commented on the stock. StockNews.com raised shares of Mattel from a “hold” rating to a “buy” rating in a report on Wednesday, August 21st. DA Davidson restated a “buy” rating and set a $27.00 price objective on shares of Mattel in a research note on Monday, July 22nd.

Hedge Funds Weigh In On Mattel

Institutional investors have recently modified their holdings of the business. BNP Paribas Financial Markets lifted its stake in Mattel by 70.0% in the 4th quarter. BNP Paribas Financial Markets now owns 328,239 shares of the company’s stock valued at $6,197,000 after purchasing an additional 135,209 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Mattel by 1.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,685,291 shares of the company’s stock valued at $231,487,000 after acquiring an additional 180,855 shares in the last quarter. Hsbc Holdings PLC bought a new stake in Mattel during the 4th quarter worth $1,169,000. Charles Schwab Investment Management Inc. increased its holdings in Mattel by 1.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,927,553 shares of the company’s stock worth $74,152,000 after purchasing an additional 48,276 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in Mattel by 9.1% in the fourth quarter. The Manufacturers Life Insurance Company now owns 606,131 shares of the company’s stock valued at $11,444,000 after purchasing an additional 50,419 shares during the last quarter. Institutional investors and hedge funds own 97.15% of the company’s stock.

Mattel Stock Performance

NASDAQ:MAT opened at $19.26 on Wednesday. The stock has a 50 day simple moving average of $18.51 and a 200 day simple moving average of $18.39. The stock has a market cap of $6.63 billion, a P/E ratio of 23.20, a PEG ratio of 1.19 and a beta of 0.80. Mattel has a 1-year low of $15.87 and a 1-year high of $22.30. The company has a current ratio of 2.58, a quick ratio of 1.81 and a debt-to-equity ratio of 1.18.

Mattel (NASDAQ:MAT) last announced its earnings results on Tuesday, July 23rd. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. Mattel had a net margin of 5.94% and a return on equity of 25.72%. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the previous year, the business posted $0.10 earnings per share. Mattel’s quarterly revenue was down .7% on a year-over-year basis. Research analysts anticipate that Mattel will post 1.43 earnings per share 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.