Brokerages Set Mattel, Inc. (NASDAQ:MAT) PT at $24.14

Mattel, Inc. (NASDAQ:MAT - Get Free Report) has been assigned an average rating of "Moderate Buy" from the seven brokerages that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $24.14.

A number of equities research analysts recently issued reports on MAT shares. DA Davidson reissued a "buy" rating and issued a $30.00 price target on shares of Mattel in a research note on Thursday, May 15th. Citigroup lifted their target price on shares of Mattel from $19.00 to $22.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. The Goldman Sachs Group cut 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. Morgan Stanley lifted their price target on Mattel from $16.00 to $17.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 6th. Finally, Wall Street Zen raised Mattel from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th.

Mattel Stock Performance

Shares of MAT traded down $0.50 during trading hours on Friday, hitting $18.80. The stock had a trading volume of 1,885,643 shares, compared to its average volume of 3,738,268. The firm has a 50-day moving average price of $17.36 and a 200 day moving average price of $18.66. Mattel has a fifty-two week low of $13.95 and a fifty-two week high of $22.07. The firm has a market capitalization of $6.07 billion, a price-to-earnings ratio of 11.75, a PEG ratio of 2.35 and a beta of 0.66. The company has a debt-to-equity ratio of 1.03, a quick ratio of 2.00 and a current ratio of 2.38.

Mattel (NASDAQ:MAT - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping 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 business had revenue of $826.60 million for the quarter, compared to analyst estimates of $791.49 million. During the same period in the prior year, the company posted ($0.05) EPS. The company's revenue for the quarter was up 2.1% on a year-over-year basis. As a group, research analysts anticipate that Mattel will post 1.7 EPS for the current year.

Hedge Funds Weigh In On Mattel

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MAT. Strs Ohio acquired a new stake in shares of Mattel in the 1st quarter worth $1,603,000. Intech Investment Management LLC raised its stake in Mattel by 511.7% during the first quarter. Intech Investment Management LLC now owns 418,810 shares of the company's stock worth $8,137,000 after purchasing an additional 350,346 shares during the period. Focus Partners Wealth acquired a new position in Mattel in the 1st quarter valued at about $266,000. Bayforest Capital Ltd purchased a new stake in shares of Mattel in the 1st quarter valued at approximately $725,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Mattel by 5.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 778,963 shares of the company's stock worth $15,135,000 after buying an additional 37,118 shares during 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.