Brokerages Set Mattel, Inc. (NASDAQ:MAT) PT at $24.14

Shares of Mattel, Inc. (NASDAQ:MAT) have been given a consensus rating of “Moderate Buy” by the seven analysts that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $24.14.

MAT has been the subject of several analyst reports. The Goldman Sachs Group decreased their target price on shares of Mattel from $24.00 to $21.00 and set a “buy” rating for the company in a research note on Wednesday, May 7th. Jefferies Financial Group upgraded shares of Mattel from a “hold” rating to a “buy” rating and upped their price objective for the stock from $20.00 to $28.00 in a research report on Wednesday, February 5th. Citigroup raised their target price on Mattel from $19.00 to $22.00 and gave the company a “buy” rating in a research report on Tuesday, May 6th. DA Davidson restated a “buy” rating and issued a $30.00 price target on shares of Mattel in a research note on Thursday, May 15th. Finally, StockNews.com raised Mattel from a “hold” rating to a “buy” rating in a report on Wednesday, March 12th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of MAT. Trust Co. of Vermont boosted its holdings in Mattel by 995.8% in the 1st quarter. Trust Co. of Vermont now owns 1,315 shares of the company’s stock worth $26,000 after buying an additional 1,195 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Mattel by 150.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,543 shares of the company’s stock valued at $27,000 after acquiring an additional 926 shares in the last quarter. Fifth Third Bancorp boosted its stake in shares of Mattel by 52.9% in the first quarter. Fifth Third Bancorp now owns 2,780 shares of the company’s stock worth $54,000 after acquiring an additional 962 shares during the last quarter. TD Private Client Wealth LLC acquired a new stake in shares of Mattel in the fourth quarter worth approximately $51,000. Finally, UMB Bank n.a. increased its position in shares of Mattel by 93.5% during the first quarter. UMB Bank n.a. now owns 2,995 shares of the company’s stock worth $58,000 after purchasing an additional 1,447 shares in the last quarter. Institutional investors and hedge funds own 97.15% of the company’s stock.

Mattel Stock Down 2.6%

Shares of MAT opened at $19.32 on Monday. The company has a market capitalization of $6.24 billion, a price-to-earnings ratio of 12.08, a PEG ratio of 2.35 and a beta of 0.61. Mattel has a 52 week low of $13.95 and a 52 week high of $22.07. The stock’s 50-day moving average price is $17.39 and its 200-day moving average price is $18.66. The company has a quick ratio of 2.00, a current ratio of 2.38 and a debt-to-equity ratio of 1.03.

Mattel (NASDAQ:MAT) last announced its quarterly earnings results on Monday, May 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.08. The company had revenue of $826.60 million during the quarter, compared to the consensus estimate of $791.49 million. Mattel had a return on equity of 25.94% and a net margin of 10.07%. Mattel’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the previous year, the company posted ($0.05) earnings per share. On average, sell-side analysts predict that Mattel will post 1.7 EPS for the current year.

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.