Mattel, Inc. (NASDAQ:MAT) Receives $23.75 Consensus Price Target from Brokerages

Mattel, Inc. (NASDAQ:MAT) has been given an average rating of “Hold” by the nine brokerages that are presently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $23.75.

A number of research analysts recently commented on the company. StockNews.com downgraded Mattel from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Jefferies Financial Group increased their price objective on shares of Mattel from $18.25 to $20.00 and gave the stock a “hold” rating in a report on Tuesday, October 1st. JPMorgan Chase & Co. boosted their target price on shares of Mattel from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Bank of America raised their price target on shares of Mattel from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, Morgan Stanley boosted their price objective on Mattel from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th.

Hedge Funds Weigh In On Mattel

Several hedge funds have recently modified their holdings of MAT. UMB Bank n.a. grew its stake in shares of Mattel by 584.3% in the 3rd quarter. UMB Bank n.a. now owns 1,485 shares of the company’s stock worth $28,000 after purchasing an additional 1,268 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in Mattel during the third quarter worth approximately $29,000. GAMMA Investing LLC boosted its holdings in Mattel by 108.5% during the second quarter. GAMMA Investing LLC now owns 2,022 shares of the company’s stock worth $33,000 after buying an additional 1,052 shares in the last quarter. Blue Trust Inc. grew its position in Mattel by 143.2% in the second quarter. Blue Trust Inc. now owns 2,072 shares of the company’s stock worth $34,000 after buying an additional 1,220 shares during the last quarter. Finally, Prospera Private Wealth LLC bought a new position in shares of Mattel in the third quarter valued at $34,000. 97.15% of the stock is currently owned by institutional investors and hedge funds.

Mattel Stock Up 1.4 %

MAT stock opened at $19.02 on Monday. The firm has a market cap of $6.41 billion, a price-to-earnings ratio of 11.89, a PEG ratio of 0.98 and a beta of 0.78. Mattel has a 1-year low of $15.87 and a 1-year high of $20.59. The firm has a fifty day moving average price of $19.04 and a two-hundred day moving average price of $18.39. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.45 and a quick ratio of 1.88.

Mattel (NASDAQ:MAT) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.19. Mattel had a net margin of 10.24% and a return on equity of 25.39%. The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.86 billion. Mattel’s quarterly revenue was down 3.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.08 earnings per share. Research analysts predict that Mattel will post 1.46 EPS 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.