Brokerages Set Mattel, Inc. (MAT) Target Price at $18.27

Mattel, Inc. (NASDAQ:MAT) has been given an average rating of “Hold” by the nineteen brokerages that are presently covering the firm, MarketBeat.com reports. Thirteen analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $18.27.

A number of equities research analysts have recently weighed in on MAT shares. TheStreet downgraded Mattel from a “c” rating to a “d” rating in a research report on Thursday, October 26th. BMO Capital Markets upped their price objective on Mattel from $23.00 to $25.00 and gave the company an “outperform” rating in a report on Monday, October 30th. BidaskClub downgraded Mattel from a “sell” rating to a “strong sell” rating in a report on Saturday, November 4th. Zacks Investment Research upgraded Mattel from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 26th. Finally, Stifel Nicolaus dropped their price objective on Mattel from $17.00 to $14.00 and set a “hold” rating for the company in a report on Monday, October 30th.

Mattel (NASDAQ:MAT) traded down $0.41 during mid-day trading on Wednesday, hitting $16.55. The stock had a trading volume of 6,366,813 shares, compared to its average volume of 6,850,000. The company has a market capitalization of $5,550.00, a P/E ratio of -5.41, a P/E/G ratio of 14.16 and a beta of 1.00. Mattel has a 12 month low of $12.71 and a 12 month high of $26.30. The company has a current ratio of 1.92, a quick ratio of 1.55 and a debt-to-equity ratio of 2.28.

Mattel (NASDAQ:MAT) last released its earnings results on Thursday, February 1st. The company reported ($0.72) earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.93). The firm had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.69 billion. Mattel had a negative return on equity of 21.37% and a negative net margin of 21.59%. The company’s revenue was down 12.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.52 EPS. analysts predict that Mattel will post 0.13 EPS for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Calton & Associates Inc. acquired a new position in Mattel in the fourth quarter valued at about $112,000. National Asset Management Inc. acquired a new position in shares of Mattel during the second quarter worth about $213,000. Zeke Capital Advisors LLC acquired a new position in shares of Mattel during the third quarter worth about $163,000. Hartland & Co. LLC acquired a new position in shares of Mattel during the third quarter worth about $165,000. Finally, Wolverine Asset Management LLC acquired a new position in shares of Mattel during the fourth quarter worth about $177,000. Institutional investors and hedge funds own 93.86% of the company’s stock.

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About Mattel

Mattel, Inc manufactures and markets a range of toy products around the world. The Company’s segments are North America; International, and American Girl. Its portfolio of brands and products are grouped into approximately four major brand categories, including Mattel Girls & Boys Brands, Fisher-Price Brands, American Girl Brands and Construction and Arts & Crafts Brands.

Analyst Recommendations for Mattel (NASDAQ:MAT)

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