Mattel (NASDAQ:MAT - Get Free Report) had its price objective lifted by analysts at Citigroup from $22.00 to $24.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Citigroup's target price would suggest a potential upside of 25.93% from the company's previous close.
A number of other research analysts have also weighed in on the company. The Goldman Sachs Group dropped their target price on Mattel from $24.00 to $21.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Wall Street Zen upgraded shares of Mattel from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. DA Davidson reissued a "buy" rating and set a $30.00 target price on shares of Mattel in a research report on Thursday, May 15th. Finally, Morgan Stanley increased their price target on Mattel from $16.00 to $17.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 6th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $24.43.
Check Out Our Latest Research Report on Mattel
Mattel Stock Up 1.4%
Mattel stock traded up $0.26 during midday trading on Monday, reaching $19.06. The stock had a trading volume of 161,436 shares, compared to its average volume of 3,730,941. The company has a fifty day moving average price of $17.44 and a two-hundred day moving average price of $18.66. The company has a market capitalization of $6.15 billion, a P/E ratio of 11.93, a PEG ratio of 2.35 and a beta of 0.66. The company has a current ratio of 2.38, a quick ratio of 2.00 and a debt-to-equity ratio of 1.03. Mattel has a 12 month low of $13.95 and a 12 month high of $22.07.
Mattel (NASDAQ:MAT - Get Free Report) last issued its earnings results on Monday, May 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.11) by $0.08. The company had revenue of $826.60 million for the quarter, compared to analysts' expectations of $791.49 million. Mattel had a return on equity of 25.94% and a net margin of 10.07%. Mattel's quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the business earned ($0.05) EPS. As a group, equities analysts expect that Mattel will post 1.7 EPS for the current fiscal year.
Institutional Trading of Mattel
A number of large investors have recently modified their holdings of the business. EdgePoint Investment Group Inc. raised its position in Mattel by 14.9% in the 4th quarter. EdgePoint Investment Group Inc. now owns 46,174,919 shares of the company's stock worth $818,681,000 after purchasing an additional 5,984,400 shares during the period. AQR Capital Management LLC raised its stake in Mattel by 386.2% in the first quarter. AQR Capital Management LLC now owns 7,260,394 shares of the company's stock worth $139,218,000 after buying an additional 5,767,170 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its holdings in shares of Mattel by 247.5% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 6,651,568 shares of the company's stock worth $129,240,000 after acquiring an additional 4,737,199 shares during the period. Norges Bank bought a new position in shares of Mattel in the 4th quarter worth approximately $54,929,000. Finally, Invesco Ltd. lifted its position in Mattel by 468.3% during the 4th quarter. Invesco Ltd. now owns 3,394,958 shares of the company's stock valued at $60,193,000 after acquiring an additional 2,797,559 shares during the period. Institutional investors own 97.15% of the company's stock.
Mattel Company Profile
(
Get Free Report)
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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