Mattel, Inc. (NASDAQ:MAT) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Mattel, Inc. (NASDAQ:MATGet Rating) have been given a consensus recommendation of “Moderate Buy” by the ten analysts that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $28.25.

A number of research firms recently commented on MAT. DA Davidson decreased their price target on Mattel from $45.00 to $31.00 and set a “buy” rating on the stock in a research report on Wednesday, October 26th. Jefferies Financial Group reduced their price target on Mattel to $22.00 and set a “hold” rating on the stock in a research report on Thursday, October 13th. Truist Financial dropped their price objective on Mattel from $26.00 to $24.00 and set a “hold” rating on the stock in a research note on Wednesday, October 5th. StockNews.com initiated coverage on Mattel in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, The Goldman Sachs Group dropped their price target on Mattel from $32.00 to $28.00 and set a “buy” rating on the stock in a research note on Wednesday, October 26th.

Mattel Stock Performance

MAT opened at $19.25 on Friday. The company has a market cap of $6.82 billion, a PE ratio of 11.53, a price-to-earnings-growth ratio of 1.16 and a beta of 1.13. The stock has a 50-day moving average of $17.96 and a 200-day moving average of $20.16. Mattel has a 52-week low of $16.21 and a 52-week high of $26.99. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.27 and a current ratio of 1.96.

Mattel (NASDAQ:MATGet Rating) last announced its earnings results on Tuesday, October 25th. The company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.09. The firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.75 billion. Mattel had a return on equity of 33.42% and a net margin of 10.36%. As a group, equities research analysts forecast that Mattel will post 1.36 earnings per share for the current fiscal year.

Institutional Trading of Mattel

Institutional investors have recently modified their holdings of the business. Ronald Blue Trust Inc. acquired a new stake in shares of Mattel in the 2nd quarter worth about $27,000. Meeder Asset Management Inc. grew its position in shares of Mattel by 74.7% during the 2nd quarter. Meeder Asset Management Inc. now owns 1,555 shares of the company’s stock valued at $35,000 after acquiring an additional 665 shares during the period. Armstrong Advisory Group Inc. bought a new position in shares of Mattel during the 4th quarter valued at approximately $29,000. Quadrant Capital Group LLC grew its position in shares of Mattel by 173.5% during the 3rd quarter. Quadrant Capital Group LLC now owns 1,783 shares of the company’s stock valued at $34,000 after acquiring an additional 1,131 shares during the period. Finally, Pinebridge Investments L.P. boosted its holdings in Mattel by 366.5% in the 2nd quarter. Pinebridge Investments L.P. now owns 1,866 shares of the company’s stock worth $42,000 after buying an additional 1,466 shares during the period. Institutional investors own 96.93% of the company’s stock.

About Mattel

(Get Rating)

Mattel, Inc, a children's entertainment company, designs and produces toys and consumer products worldwide. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, as well as content, gaming, and lifestyle products for children under the Barbie, Monster High, American Girl, Polly Pocket, Spirit, and Enchantimals brands; dolls and books under the American Girl brand name; die-cast vehicles, tracks, playsets, and accessories for kids of all ages, and collectors under the Hot Wheels, Monster Trucks, Matchbox, CARS, and Mario Kart brand names; and infant, toddler, and preschool products comprising content, toys, live events, and other lifestyle products under the Fisher-Price and Thomas & Friends, Power wheels, and Fireman Sam brands.

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Analyst Recommendations for Mattel (NASDAQ:MAT)

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