Mattel, Inc. (NASDAQ:MAT) Given Consensus Rating of “Hold” by Analysts

Shares of Mattel, Inc. (NASDAQ:MAT) have earned a consensus recommendation of “Hold” from the nine brokerages that are covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $22.13.

A number of research firms have recently weighed in on MAT. StockNews.com raised shares of Mattel from a “hold” rating to a “buy” rating in a research report on Monday, February 26th. Morgan Stanley restated an “equal weight” rating and issued a $19.00 target price (down from $25.00) on shares of Mattel in a report on Wednesday, January 17th. Jefferies Financial Group boosted their target price on shares of Mattel from $19.00 to $20.00 and gave the company a “hold” rating in a report on Friday, March 15th. Roth Mkm restated a “neutral” rating and issued a $20.00 target price (down from $24.00) on shares of Mattel in a report on Thursday, January 4th. Finally, Roth Capital downgraded shares of Mattel from a “buy” rating to a “neutral” rating in a report on Thursday, January 4th.

Mattel Stock Performance

Shares of MAT opened at $18.17 on Friday. The company has a current ratio of 2.33, a quick ratio of 1.90 and a debt-to-equity ratio of 1.08. The stock has a market cap of $6.25 billion, a P/E ratio of 29.79, a PEG ratio of 1.20 and a beta of 0.95. The company has a 50-day moving average of $19.33 and a two-hundred day moving average of $19.16. Mattel has a 12-month low of $16.20 and a 12-month high of $22.64.

Mattel (NASDAQ:MAT) last announced its earnings results on Wednesday, February 7th. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). The business had revenue of $1.62 billion for 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%. The business’s revenue was up 15.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.18 EPS. As a group, research analysts predict that Mattel will post 1.37 EPS for the current fiscal year.

Institutional Investors Weigh In On Mattel

Institutional investors have recently bought and sold shares of the business. Jericho Capital Asset Management L.P. purchased a new stake in Mattel during the third quarter worth approximately $76,819,000. Stifel Financial Corp boosted its stake in shares of Mattel by 161.8% in the third quarter. Stifel Financial Corp now owns 146,494 shares of the company’s stock valued at $3,227,000 after purchasing an additional 90,539 shares during the period. Seven Eight Capital LP boosted its stake in shares of Mattel by 548.8% in the third quarter. Seven Eight Capital LP now owns 75,114 shares of the company’s stock valued at $1,655,000 after purchasing an additional 63,536 shares during the period. Trexquant Investment LP boosted its stake in shares of Mattel by 256.4% in the third quarter. Trexquant Investment LP now owns 287,342 shares of the company’s stock valued at $6,330,000 after purchasing an additional 206,729 shares during the period. Finally, Xponance Inc. boosted its stake in shares of Mattel by 6.1% in the third 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. 97.15% of the stock is currently owned by hedge funds and other institutional investors.

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.