Mattel (NASDAQ:MAT) Given New $24.00 Price Target at Citigroup

Mattel (NASDAQ:MAT - Free Report) had its target price boosted by Citigroup from $22.00 to $24.00 in a research note published on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other analysts have also issued reports on MAT. Morgan Stanley increased their price target 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. The Goldman Sachs Group cut their target price on shares of Mattel from $24.00 to $21.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Wall Street Zen raised shares of Mattel from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Finally, DA Davidson restated a "buy" rating and set a $30.00 price target on shares of Mattel in a report on Thursday, May 15th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $24.43.

Mattel Stock Up 0.6%

Shares of MAT traded up $0.12 during mid-day trading on Monday, reaching $18.97. The company's stock had a trading volume of 2,393,382 shares, compared to its average volume of 3,743,393. The company has a market cap of $6.13 billion, a price-to-earnings ratio of 12.16, a price-to-earnings-growth ratio of 1.93 and a beta of 0.66. The business has a fifty day moving average of $17.66 and a 200 day moving average of $18.67. The company has a quick ratio of 1.86, a current ratio of 2.43 and a debt-to-equity ratio of 1.10. Mattel has a 1 year low of $13.95 and a 1 year high of $22.07.

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

Institutional Trading of Mattel

Several large investors have recently added to or reduced their stakes in the business. Rhumbline Advisers lifted its stake in shares of Mattel by 1.9% in the 4th quarter. Rhumbline Advisers now owns 928,192 shares of the company's stock valued at $16,457,000 after purchasing an additional 17,590 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Mattel in the fourth quarter worth about $1,025,000. CIBC Asset Management Inc lifted its position in shares of Mattel by 5.8% in the fourth quarter. CIBC Asset Management Inc now owns 10,962 shares of the company's stock worth $194,000 after buying an additional 601 shares during the last quarter. Venturi Wealth Management LLC boosted its stake in shares of Mattel by 175.1% during the 4th quarter. Venturi Wealth Management LLC now owns 4,669 shares of the company's stock worth $83,000 after acquiring an additional 2,972 shares in the last quarter. Finally, Kestra Investment Management LLC increased its holdings in shares of Mattel by 45.5% during the 4th quarter. Kestra Investment Management LLC now owns 45,349 shares of the company's stock valued at $804,000 after acquiring an additional 14,185 shares during the last quarter. 97.15% of the stock is owned by institutional investors.

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.