Bank of America Raises Mattel (NASDAQ:MAT) Price Target to $26.00

Mattel (NASDAQ:MAT) had its price target boosted by Bank of America from $25.00 to $26.00 in a research note published on Wednesday, Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other brokerages have also weighed in on MAT. Stifel Nicolaus lowered their target price on Mattel from $26.00 to $23.00 and set a buy rating on the stock in a research note on Wednesday, January 24th. JPMorgan Chase & Co. lowered Mattel from an overweight rating to a neutral rating and lowered their target price for the stock from $24.00 to $19.00 in a research note on Monday, February 5th. TheStreet lowered Mattel from a b- rating to a c+ rating in a research note on Wednesday, January 24th. Roth Mkm reiterated a neutral rating and set a $21.00 target price on shares of Mattel in a research note on Wednesday. Finally, DA Davidson raised their price objective on Mattel from $26.00 to $27.00 and gave the stock a buy rating in a research note on Wednesday. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Mattel has an average rating of Moderate Buy and a consensus price target of $22.78.

Mattel Stock Down 0.6 %

MAT stock opened at $18.36 on Wednesday. The business has a 50-day moving average of $19.29 and a 200-day moving average of $19.07. Mattel has a fifty-two week low of $16.20 and a fifty-two week high of $22.64. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.49 and a quick ratio of 1.90. The stock has a market capitalization of $6.32 billion, a P/E ratio of 22.12, a P/E/G ratio of 1.18 and a beta of 0.95.

Mattel (NASDAQ:MAT) last released its quarterly earnings data on Tuesday, April 23rd. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.07. Mattel had a return on equity of 24.32% and a net margin of 5.38%. The company had revenue of $809.50 million during the quarter, compared to analysts’ expectations of $833.52 million. During the same period last year, the firm posted ($0.24) earnings per share. The business’s revenue was down .6% on a year-over-year basis. On average, sell-side analysts anticipate that Mattel will post 1.4 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Mattel

Several hedge funds have recently modified their holdings of MAT. Handelsbanken Fonder AB boosted its holdings in shares of Mattel by 17.2% during the 3rd quarter. Handelsbanken Fonder AB now owns 64,100 shares of the company’s stock valued at $1,412,000 after acquiring an additional 9,400 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in Mattel by 11.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 19,199 shares of the company’s stock worth $423,000 after buying an additional 1,988 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Mattel in the 3rd quarter valued at about $286,000. Xponance Inc. lifted its stake in shares of Mattel by 6.1% in the 3rd quarter. Xponance Inc. now owns 45,618 shares of the company’s stock valued at $1,005,000 after purchasing an additional 2,629 shares during the period. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in shares of Mattel in the 3rd quarter valued at about $468,000. Institutional investors and hedge funds own 97.15% of the company’s stock.

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.