Shares of Mattel, Inc. (NASDAQ:MAT - Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $20.20, but opened at $18.88. Mattel shares last traded at $17.78, with a volume of 4,278,513 shares.
Analysts Set New Price Targets
MAT has been the subject of several research analyst reports. DA Davidson reaffirmed a "buy" rating and set a $30.00 price target on shares of Mattel in a research note on Thursday, May 15th. The Goldman Sachs Group dropped their price target on Mattel from $24.00 to $21.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Roth Capital set a $22.00 price target on Mattel and gave the stock a "neutral" rating in a research note on Friday, July 11th. Morgan Stanley lifted their price objective on Mattel from $16.00 to $17.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 6th. Finally, Wall Street Zen downgraded Mattel from a "buy" rating to a "hold" rating in a report on Friday, June 27th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $24.38.
Get Our Latest Stock Analysis on Mattel
Mattel Stock Performance
The company has a market cap of $5.63 billion, a PE ratio of 11.25, a P/E/G ratio of 2.14 and a beta of 0.66. The company has a current ratio of 1.62, a quick ratio of 1.12 and a debt-to-equity ratio of 0.80. The business has a fifty day moving average of $19.37 and a 200-day moving average of $18.88.
Mattel (NASDAQ:MAT - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.03. Mattel had a return on equity of 25.19% and a net margin of 9.87%. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the business earned $0.19 EPS. Mattel's revenue was down 5.7% compared to the same quarter last year. Equities research analysts anticipate that Mattel, Inc. will post 1.7 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. raised its position in shares of Mattel by 7.9% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 20,795 shares of the company's stock worth $410,000 after acquiring an additional 1,520 shares in the last quarter. Galvin Gaustad & Stein LLC grew its stake in shares of Mattel by 11.8% in the 2nd quarter. Galvin Gaustad & Stein LLC now owns 667,160 shares of the company's stock worth $13,156,000 after buying an additional 70,542 shares during the last quarter. IFP Advisors Inc grew its stake in shares of Mattel by 90.6% in the 2nd quarter. IFP Advisors Inc now owns 2,215 shares of the company's stock worth $44,000 after buying an additional 1,053 shares during the last quarter. Callan Family Office LLC purchased a new stake in shares of Mattel in the 2nd quarter worth approximately $449,000. Finally, 111 Capital grew its stake in shares of Mattel by 22.2% in the 2nd quarter. 111 Capital now owns 12,496 shares of the company's stock worth $246,000 after buying an additional 2,268 shares during the last quarter. Institutional investors own 97.15% of the company's stock.
About Mattel
(
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.
Further Reading
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