Mattel (NASDAQ:MAT) Price Target Raised to $22.00

Mattel (NASDAQ:MAT - Get Free Report) had its price objective increased by research analysts at Citigroup from $19.00 to $22.00 in a report released on Tuesday, MarketBeat reports. The firm presently has a "buy" rating on the stock. Citigroup's price target would suggest a potential upside of 27.61% from the company's previous close.

Several other analysts also recently weighed in on the company. Jefferies Financial Group upgraded Mattel from a "hold" rating to a "buy" rating and boosted their price objective for the company from $20.00 to $28.00 in a research report on Wednesday, February 5th. StockNews.com raised shares of Mattel from a "hold" rating to a "buy" rating in a report on Wednesday, March 12th. DA Davidson upgraded Mattel to a "strong-buy" rating in a research report on Monday, April 14th. Finally, Morgan Stanley upped their price objective on shares of Mattel from $16.00 to $17.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 6th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Mattel has an average rating of "Moderate Buy" and a consensus target price of $24.14.

Mattel Stock Performance

NASDAQ:MAT traded down $0.03 during trading hours on Tuesday, reaching $17.24. The stock had a trading volume of 3,026,263 shares, compared to its average volume of 3,685,865. The stock has a market cap of $5.57 billion, a P/E ratio of 10.78, a price-to-earnings-growth ratio of 2.35 and a beta of 0.61. Mattel has a 12-month low of $13.95 and a 12-month high of $22.07. The company has a debt-to-equity ratio of 1.03, a quick ratio of 2.00 and a current ratio of 2.38. The stock has a 50 day simple moving average of $17.51 and a 200 day simple moving average of $18.65.

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, beating the consensus estimate of ($0.11) by $0.08. The firm had revenue of $826.60 million during the quarter, compared to the consensus estimate of $791.49 million. Mattel had a net margin of 10.07% and a return on equity of 25.94%. The business's quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the firm earned ($0.05) EPS. On average, research analysts forecast that Mattel will post 1.7 EPS for the current fiscal year.

Hedge Funds Weigh In On Mattel

Large investors have recently made changes to their positions in the business. EdgePoint Investment Group Inc. lifted its stake in shares of Mattel by 14.9% in the fourth quarter. EdgePoint Investment Group Inc. now owns 46,174,919 shares of the company's stock worth $818,681,000 after buying an additional 5,984,400 shares in the last quarter. Vanguard Group Inc. boosted its stake in Mattel by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 33,134,174 shares of the company's stock valued at $587,469,000 after purchasing an additional 355,769 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Mattel by 15.9% in the 4th quarter. Franklin Resources Inc. now owns 10,843,505 shares of the company's stock worth $192,255,000 after purchasing an additional 1,491,282 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Mattel by 7.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,673,295 shares of the company's stock worth $118,318,000 after purchasing an additional 453,390 shares during the last quarter. Finally, LSV Asset Management lifted its holdings in shares of Mattel by 14.1% during the first quarter. LSV Asset Management now owns 4,673,142 shares of the company's stock valued at $90,799,000 after purchasing an additional 578,677 shares in the last quarter. 97.15% of the stock is currently owned by hedge funds and other institutional investors.

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.