Mattel (NASDAQ:MAT) Price Target Raised to $22.00 at Citigroup

Mattel (NASDAQ:MAT) had its price objective upped by investment analysts at Citigroup from $19.00 to $22.00 in a report released on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Citigroup’s target price suggests a potential upside of 30.84% from the company’s previous close.

A number of other brokerages also recently issued reports on MAT. Jefferies Financial Group upgraded shares of Mattel from a “hold” rating to a “buy” rating and increased their price objective for the stock from $20.00 to $28.00 in a research note on Wednesday, February 5th. DA Davidson raised shares of Mattel to a “strong-buy” rating in a research note on Monday, April 14th. StockNews.com upgraded Mattel from a “hold” rating to a “buy” rating in a research note on Wednesday, March 12th. Finally, Morgan Stanley lifted their price target on Mattel from $16.00 to $17.00 and gave the company an “equal weight” rating in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $24.67.

Mattel Stock Performance

Shares of NASDAQ:MAT traded up $0.62 on Tuesday, reaching $16.82. 3,547,052 shares of the company’s stock were exchanged, compared to its average volume of 3,620,820. Mattel has a twelve month low of $13.95 and a twelve month high of $22.07. The company has a fifty day moving average of $17.82 and a 200-day moving average of $18.68. The company has a market capitalization of $5.43 billion, a price-to-earnings ratio of 10.52, a PEG ratio of 2.35 and a beta of 0.61. The company has a current ratio of 2.38, a quick ratio of 2.00 and a debt-to-equity ratio of 1.03.

Mattel (NASDAQ:MAT) last posted its quarterly earnings data on Monday, May 5th. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.08. The firm had revenue of $826.60 million for the quarter, compared to analyst estimates of $791.49 million. Mattel had a return on equity of 25.94% and a net margin of 10.07%. The company’s revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the company earned ($0.05) EPS. On average, research analysts predict that Mattel will post 1.7 EPS for the current fiscal year.

Institutional Investors Weigh In On Mattel

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of Mattel by 47.2% during the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 329,254 shares of the company’s stock worth $6,397,000 after buying an additional 105,558 shares during the period. Jackson Creek Investment Advisors LLC acquired a new stake in Mattel during the 1st quarter worth about $292,000. CWM LLC raised its position in shares of Mattel by 600.1% in the 1st quarter. CWM LLC now owns 84,926 shares of the company’s stock worth $1,650,000 after acquiring an additional 72,796 shares in the last quarter. Louisiana State Employees Retirement System lifted its stake in shares of Mattel by 1.0% in the 1st quarter. Louisiana State Employees Retirement System now owns 94,400 shares of the company’s stock valued at $1,834,000 after purchasing an additional 900 shares during the period. Finally, State of Michigan Retirement System boosted its position in shares of Mattel by 1.1% during the 1st quarter. State of Michigan Retirement System now owns 80,633 shares of the company’s stock valued at $1,567,000 after purchasing an additional 900 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.