Mattel (NASDAQ:MAT) Sees Strong Trading Volume – Time to Buy?

Mattel, Inc. (NASDAQ:MAT) shares saw an uptick in trading volume on Friday . 8,145,192 shares were traded during trading, an increase of 153% from the previous session’s volume of 3,214,677 shares.The stock last traded at $18.42 and had previously closed at $18.38.

Analysts Set New Price Targets

MAT has been the topic of several research analyst reports. DA Davidson reiterated a “buy” rating and issued a $27.00 target price on shares of Mattel in a research report on Thursday, October 24th. StockNews.com cut Mattel from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. increased their target price on Mattel from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Jefferies Financial Group raised their target price on Mattel from $18.25 to $20.00 and gave the company a “hold” rating in a research report on Tuesday, October 1st. Finally, Bank of America boosted their price target on Mattel from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $23.75.

Mattel Stock Performance

The stock has a 50-day moving average of $19.09 and a 200 day moving average of $18.39. The stock has a market cap of $6.30 billion, a PE ratio of 11.68, a P/E/G ratio of 0.95 and a beta of 0.78. 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 (NASDAQ:MAT) last issued its earnings results on Wednesday, October 23rd. The company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.19. The business had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.86 billion. Mattel had a return on equity of 25.39% and a net margin of 10.24%. The company’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same period last year, the company earned $1.08 EPS. Equities analysts predict that Mattel, Inc. will post 1.46 EPS for the current fiscal year.

Hedge Funds Weigh In On Mattel

Several institutional investors and hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC raised its position in Mattel by 0.3% in the third quarter. Geode Capital Management LLC now owns 6,134,691 shares of the company’s stock valued at $116,896,000 after purchasing an additional 17,309 shares during the period. M&T Bank Corp increased its position in shares of Mattel by 17.7% during the 3rd quarter. M&T Bank Corp now owns 12,078 shares of the company’s stock worth $230,000 after purchasing an additional 1,815 shares during the last quarter. EP Wealth Advisors LLC purchased a new stake in Mattel in the 3rd quarter valued at about $224,000. State Street Corp lifted its position in Mattel by 3.1% in the third quarter. State Street Corp now owns 10,517,270 shares of the company’s stock valued at $200,354,000 after buying an additional 318,125 shares during the last quarter. Finally, Quantinno Capital Management LP boosted its stake in Mattel by 3.2% during the third quarter. Quantinno Capital Management LP now owns 108,543 shares of the company’s stock worth $2,068,000 after buying an additional 3,373 shares during the period. 97.15% of the stock is currently owned by institutional investors and hedge funds.

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.