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

Mattel, Inc. (NASDAQ:MAT) has been assigned an average rating of “Moderate Buy” from the seven analysts that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $25.57.

MAT has been the subject of a number of recent research reports. Bank of America boosted their price target on shares of Mattel from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. increased their price target on Mattel from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Morgan Stanley lifted their price objective on Mattel from $22.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 5th. Jefferies Financial Group raised Mattel from a “hold” rating to a “buy” rating and increased their target price for the company from $20.00 to $28.00 in a research note on Wednesday, February 5th. Finally, StockNews.com upgraded Mattel from a “hold” rating to a “buy” rating in a research report on Saturday, February 8th.

Mattel Stock Down 0.6 %

Shares of MAT opened at $21.72 on Friday. The firm has a market capitalization of $7.32 billion, a price-to-earnings ratio of 13.58, a PEG ratio of 2.32 and a beta of 0.76. Mattel has a 52 week low of $15.87 and a 52 week high of $22.04. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.88 and a current ratio of 2.38. The business’s fifty day moving average price is $18.71 and its two-hundred day moving average price is $18.92.

Mattel (NASDAQ:MAT) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.15. Mattel had a return on equity of 25.94% and a net margin of 10.07%. During the same period last year, the business earned $0.29 earnings per share. On average, analysts predict that Mattel will post 1.69 earnings per share for the current year.

Institutional Investors Weigh In On Mattel

A number of hedge funds have recently modified their holdings of MAT. Vanguard Group Inc. raised its holdings in Mattel by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 33,134,174 shares of the company’s stock worth $587,469,000 after buying an additional 355,769 shares during the period. Franklin Resources Inc. increased its position in shares of Mattel by 15.9% during the fourth quarter. Franklin Resources Inc. now owns 10,843,505 shares of the company’s stock worth $192,255,000 after acquiring an additional 1,491,282 shares in the last quarter. State Street Corp raised its holdings in shares of Mattel by 3.1% during the third quarter. State Street Corp now owns 10,517,270 shares of the company’s stock worth $200,354,000 after acquiring an additional 318,125 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of Mattel by 0.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 6,291,976 shares of the company’s stock worth $119,862,000 after acquiring an additional 27,204 shares during the period. Finally, Geode Capital Management LLC lifted its position in Mattel by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 6,134,691 shares of the company’s stock valued at $116,896,000 after acquiring an additional 17,309 shares in the last quarter. Institutional investors and hedge funds own 97.15% of the company’s stock.

About Mattel

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.