Mattel, Inc. (NASDAQ:MAT) Receives Average Recommendation of "Moderate Buy" from Brokerages

Mattel, Inc. (NASDAQ:MAT - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the five ratings firms that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $26.40.

A number of equities research analysts have recently issued reports on MAT shares. Jefferies Financial Group upgraded 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. Morgan Stanley raised their price objective on Mattel from $22.00 to $23.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 5th. DA Davidson upgraded Mattel to a "strong-buy" rating in a research note on Monday, April 14th. Finally, StockNews.com upgraded Mattel from a "hold" rating to a "buy" rating in a research note on Wednesday, March 12th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Franklin Resources Inc. boosted its position in Mattel by 84.0% during the 3rd quarter. Franklin Resources Inc. now owns 9,352,223 shares of the company's stock valued at $176,757,000 after purchasing an additional 4,270,162 shares during the period. GAMMA Investing LLC boosted its position in Mattel by 26.6% during the 4th quarter. GAMMA Investing LLC now owns 3,541 shares of the company's stock valued at $63,000 after purchasing an additional 744 shares during the period. Everence Capital Management Inc. acquired a new position in Mattel during the 4th quarter valued at approximately $227,000. West Oak Capital LLC boosted its position in Mattel by 9,775.0% during the 4th quarter. West Oak Capital LLC now owns 1,975 shares of the company's stock valued at $35,000 after purchasing an additional 1,955 shares during the period. Finally, Miracle Mile Advisors LLC boosted its position in Mattel by 99.7% during the 4th quarter. Miracle Mile Advisors LLC now owns 21,603 shares of the company's stock valued at $383,000 after purchasing an additional 10,783 shares during the period. Institutional investors and hedge funds own 97.15% of the company's stock.

Mattel Price Performance

Mattel stock traded up $0.03 during mid-day trading on Thursday, reaching $15.75. The company had a trading volume of 3,056,228 shares, compared to its average volume of 3,583,386. The stock's 50-day simple moving average is $18.23 and its 200-day simple moving average is $18.76. The company has a market capitalization of $5.09 billion, a P/E ratio of 9.84, a P/E/G ratio of 2.35 and a beta of 0.51. Mattel has a 1 year low of $13.95 and a 1 year high of $22.07. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.38 and a quick ratio of 2.00.

Mattel (NASDAQ:MAT - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate 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 quarter in the prior year, the firm earned $0.29 EPS. On average, equities 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.