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

Mattel, Inc. (NASDAQ:MAT - Get Free Report) has been given an average rating of "Moderate Buy" by the seven ratings firms that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $24.43.

MAT has been the subject of several recent research reports. Wall Street Zen lowered shares of Mattel from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. Morgan Stanley boosted their target price on shares of Mattel from $16.00 to $17.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 6th. Citigroup lifted their price target on shares of Mattel from $22.00 to $24.00 and gave the company a "buy" rating in a report on Monday, June 16th. DA Davidson reaffirmed a "buy" rating and set a $30.00 price target on shares of Mattel in a report on Thursday, May 15th. Finally, The Goldman Sachs Group lowered their price target on shares of Mattel from $24.00 to $21.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Trust Co. of Vermont lifted its stake in Mattel by 995.8% in the first quarter. Trust Co. of Vermont now owns 1,315 shares of the company's stock worth $26,000 after acquiring an additional 1,195 shares during the period. EverSource Wealth Advisors LLC lifted its stake in Mattel by 150.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,543 shares of the company's stock worth $27,000 after acquiring an additional 926 shares during the period. TD Private Client Wealth LLC purchased a new stake in Mattel in the fourth quarter worth about $51,000. Fifth Third Bancorp lifted its stake in Mattel by 52.9% in the first quarter. Fifth Third Bancorp now owns 2,780 shares of the company's stock worth $54,000 after acquiring an additional 962 shares during the period. Finally, Quarry LP lifted its stake in Mattel by 130.3% in the fourth quarter. Quarry LP now owns 3,148 shares of the company's stock worth $56,000 after acquiring an additional 1,781 shares during the period. 97.15% of the stock is currently owned by institutional investors.

Mattel Stock Down 2.1%

NASDAQ:MAT opened at $20.00 on Tuesday. The firm has a market cap of $6.46 billion, a P/E ratio of 12.82, a P/E/G ratio of 2.10 and a beta of 0.66. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.86 and a current ratio of 2.43. Mattel has a fifty-two week low of $13.95 and a fifty-two week high of $22.07. The firm has a 50-day simple moving average of $18.87 and a two-hundred day simple moving average of $18.74.

Mattel (NASDAQ:MAT - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The company reported ($0.03) EPS for the quarter, topping analysts' consensus estimates of ($0.11) by $0.08. Mattel had a net margin of 9.82% and a return on equity of 25.80%. The firm had revenue of $826.60 million during the quarter, compared to analyst estimates of $791.49 million. During the same period in the previous year, the business posted ($0.05) earnings per share. The business's revenue for the quarter was up 2.1% on a year-over-year basis. Analysts predict that Mattel will post 1.7 earnings per share for the current fiscal 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.

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