Mattel, Inc. (NASDAQ:MAT) Receives Consensus Rating of “Hold” from Brokerages

Mattel, Inc. (NASDAQ:MATGet Free Report) has received an average recommendation of “Hold” from the nine ratings firms that are currently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $22.13.

A number of equities analysts recently weighed in on the stock. TheStreet lowered shares of Mattel from a “b-” rating to a “c+” rating in a research note on Wednesday, January 24th. JPMorgan Chase & Co. downgraded shares of Mattel from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $24.00 to $19.00 in a research note on Monday, February 5th. Roth Mkm restated a “neutral” rating and set a $20.00 price objective (down from $24.00) on shares of Mattel in a research note on Thursday, January 4th. Stifel Nicolaus reduced their price objective on shares of Mattel from $26.00 to $23.00 and set a “buy” rating for the company in a research note on Wednesday, January 24th. Finally, Morgan Stanley restated an “equal weight” rating and set a $19.00 price objective (down from $25.00) on shares of Mattel in a research note on Wednesday, January 17th.

View Our Latest Report on MAT

Mattel Price Performance

Shares of MAT stock opened at $19.44 on Wednesday. The firm has a market capitalization of $6.69 billion, a price-to-earnings ratio of 31.87, a price-to-earnings-growth ratio of 1.30 and a beta of 0.95. The company has a quick ratio of 1.90, a current ratio of 2.33 and a debt-to-equity ratio of 1.08. Mattel has a 12-month low of $16.00 and a 12-month high of $22.64. The firm has a fifty day moving average of $18.99 and a 200-day moving average of $19.46.

Mattel (NASDAQ:MATGet Free Report) last announced its earnings results on Wednesday, February 7th. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). The company had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.65 billion. Mattel had a return on equity of 21.25% and a net margin of 3.94%. Mattel’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.18 earnings per share. On average, equities research analysts forecast that Mattel will post 1.37 earnings per share for the current year.

Institutional Investors Weigh In On Mattel

Institutional investors and hedge funds have recently modified their holdings of the company. Wellington Management Group LLP bought a new position in Mattel in the 4th quarter valued at about $287,000. Public Employees Retirement System of Ohio raised its holdings in Mattel by 2.6% in the 4th quarter. Public Employees Retirement System of Ohio now owns 150,710 shares of the company’s stock valued at $2,845,000 after acquiring an additional 3,875 shares during the period. Systematic Portfolios LLC bought a new position in Mattel in the 4th quarter valued at about $192,000. Barclays PLC raised its holdings in Mattel by 67.2% in the 4th quarter. Barclays PLC now owns 318,316 shares of the company’s stock valued at $6,010,000 after acquiring an additional 127,938 shares during the period. Finally, Nuveen Asset Management LLC raised its holdings in Mattel by 2.1% in the 4th quarter. Nuveen Asset Management LLC now owns 1,305,244 shares of the company’s stock valued at $24,643,000 after acquiring an additional 26,522 shares during the period. 93.51% of the stock is owned by institutional investors.

Mattel Company Profile

(Get Free Report

Mattel, Inc, a children's and family 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, Disney Princess and Frozen, and Polly Pocket 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, and Power wheels brands.

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Analyst Recommendations for Mattel (NASDAQ:MAT)

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