Mattel, Inc. (NASDAQ:MAT) Receives $24.14 Average PT from Analysts

Mattel, Inc. (NASDAQ:MAT - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the seven ratings firms that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $24.14.

MAT has been the subject of a number of research reports. The Goldman Sachs Group reduced their price objective on Mattel from $24.00 to $21.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. StockNews.com upgraded shares of Mattel from a "hold" rating to a "buy" rating in a research note on Wednesday, March 12th. Morgan Stanley lifted their price objective on shares of Mattel from $16.00 to $17.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. Citigroup lifted their price objective on shares of Mattel from $19.00 to $22.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Finally, DA Davidson restated a "buy" rating and issued a $30.00 price objective on shares of Mattel in a research note on Thursday, May 15th.

Hedge Funds Weigh In On Mattel

Several institutional investors have recently added to or reduced their stakes in the business. Intech Investment Management LLC grew its holdings in Mattel by 511.7% in the first quarter. Intech Investment Management LLC now owns 418,810 shares of the company's stock valued at $8,137,000 after purchasing an additional 350,346 shares during the period. Focus Partners Wealth acquired a new position in Mattel in the first quarter valued at $266,000. Bayforest Capital Ltd acquired a new position in Mattel in the first quarter valued at $725,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Mattel by 5.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 778,963 shares of the company's stock valued at $15,135,000 after acquiring an additional 37,118 shares during the last quarter. Finally, Great Lakes Advisors LLC acquired a new position in Mattel in the first quarter valued at $4,436,000. 97.15% of the stock is currently owned by institutional investors and hedge funds.

Mattel Stock Down 0.9%

Mattel stock traded down $0.17 during mid-day trading on Monday, hitting $19.83. The company had a trading volume of 2,492,967 shares, compared to its average volume of 3,755,199. The stock has a market cap of $6.40 billion, a price-to-earnings ratio of 12.39, a PEG ratio of 2.35 and a beta of 0.61. Mattel has a 1 year low of $13.95 and a 1 year high of $22.07. The company has a quick ratio of 2.00, a current ratio of 2.38 and a debt-to-equity ratio of 1.03. The business has a fifty day moving average of $17.40 and a 200 day moving average of $18.65.

Mattel (NASDAQ:MAT - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.08. Mattel had a net margin of 10.07% and a return on equity of 25.94%. The company had revenue of $826.60 million during the quarter, compared to the consensus estimate of $791.49 million. During the same quarter in the prior year, the firm posted ($0.05) earnings per share. Mattel's revenue for the quarter was up 2.1% on a year-over-year basis. On average, sell-side analysts expect that Mattel will post 1.7 earnings per share for the current fiscal year.

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.