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

Mattel, Inc. (NASDAQ:MAT - Get Free Report) has received a consensus rating of "Moderate Buy" from the seven ratings firms that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $24.43.

A number of analysts have weighed in on the company. Citigroup raised their price target on Mattel from $22.00 to $24.00 and gave the company a "buy" rating in a research note on Monday, June 16th. The Goldman Sachs Group dropped their price objective on Mattel from $24.00 to $21.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. DA Davidson restated a "buy" rating and set a $30.00 target price on shares of Mattel in a research note on Thursday, May 15th. Wall Street Zen lowered shares of Mattel from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Finally, Morgan Stanley boosted their price objective on shares of Mattel from $16.00 to $17.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 6th.

Hedge Funds Weigh In On Mattel

Institutional investors have recently modified their holdings of the business. Trust Co. of Vermont grew its position in Mattel by 995.8% during the 1st quarter. Trust Co. of Vermont now owns 1,315 shares of the company's stock worth $26,000 after purchasing an additional 1,195 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Mattel by 150.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,543 shares of the company's stock worth $27,000 after buying an additional 926 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of Mattel by 189.9% during the second quarter. Parallel Advisors LLC now owns 1,609 shares of the company's stock worth $32,000 after buying an additional 1,054 shares during the last quarter. TD Private Client Wealth LLC acquired a new position in Mattel in the 4th quarter valued at about $51,000. Finally, Fifth Third Bancorp raised its stake in Mattel by 52.9% during the 1st quarter. Fifth Third Bancorp now owns 2,780 shares of the company's stock valued at $54,000 after acquiring an additional 962 shares during the last quarter. 97.15% of the stock is owned by institutional investors and hedge funds.

Mattel Stock Down 1.2%

Shares of Mattel stock traded down $0.25 on Tuesday, reaching $19.97. 3,725,729 shares of the company were exchanged, compared to its average volume of 3,628,052. The stock's 50 day moving average price is $19.12 and its 200-day moving average price is $18.77. The company has a market cap of $6.45 billion, a P/E ratio of 12.80, a price-to-earnings-growth ratio of 2.10 and a beta of 0.66. 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 1.10, a current ratio of 2.43 and a quick ratio of 1.86.

Mattel (NASDAQ:MAT - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.08. Mattel had a net margin of 9.82% and a return on equity of 25.80%. The company had revenue of $826.60 million during the quarter, compared to analysts' expectations of $791.49 million. During the same quarter in the previous year, the business posted ($0.05) EPS. The firm's revenue was up 2.1% on a year-over-year basis. As a group, equities analysts forecast 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.