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

Shares of Mattel, Inc. (NASDAQ:MAT) have been assigned an average recommendation of “Moderate Buy” from the seven research firms that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $24.43.

Several analysts recently commented on MAT shares. Wall Street Zen raised shares of Mattel from a “hold” rating to a “buy” rating in a research note on Saturday, May 24th. The Goldman Sachs Group cut their target price on Mattel from $24.00 to $21.00 and set a “buy” rating on the stock in a research report on Wednesday, May 7th. Morgan Stanley upped their target price on Mattel from $16.00 to $17.00 and gave the company an “equal weight” rating in a report on Tuesday, May 6th. Citigroup lifted their price target on Mattel from $22.00 to $24.00 and gave the stock a “buy” rating in a research note on Monday. Finally, DA Davidson reissued a “buy” rating and issued a $30.00 price target on shares of Mattel in a research note on Thursday, May 15th.

Mattel Price Performance

NASDAQ MAT opened at $18.85 on Friday. Mattel has a 12 month low of $13.95 and a 12 month high of $22.07. The firm has a market capitalization of $6.09 billion, a PE ratio of 12.08, a P/E/G ratio of 1.98 and a beta of 0.66. The company’s 50 day simple moving average is $17.59 and its 200 day simple moving average is $18.67. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.43 and a quick ratio of 1.86.

Mattel (NASDAQ:MAT) last announced its earnings results on Monday, May 5th. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.08. Mattel had a return on equity of 25.80% and a net margin of 9.82%. The business had revenue of $826.60 million during the quarter, compared to analysts’ expectations of $791.49 million. During the same quarter last year, the business posted ($0.05) earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis. As a group, equities research analysts forecast that Mattel will post 1.7 EPS for the current fiscal year.

Institutional Investors Weigh In On Mattel

A number of institutional investors have recently modified their holdings of the stock. Trust Co. of Vermont increased its holdings in shares of Mattel by 995.8% during the 1st quarter. Trust Co. of Vermont now owns 1,315 shares of the company’s stock valued at $26,000 after acquiring an additional 1,195 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Mattel by 150.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,543 shares of the company’s stock valued at $27,000 after purchasing an additional 926 shares during the last quarter. TD Private Client Wealth LLC bought a new position in shares of Mattel in the fourth quarter valued at approximately $51,000. Fifth Third Bancorp lifted 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 buying an additional 962 shares during the last quarter. Finally, Quarry LP lifted its stake in shares of Mattel by 130.3% in the fourth quarter. Quarry LP now owns 3,148 shares of the company’s stock worth $56,000 after buying an additional 1,781 shares during the last quarter. 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.