Mattel, Inc. (NASDAQ:MAT) Receives $22.13 Average Target Price from Brokerages

Shares of Mattel, Inc. (NASDAQ:MAT - Get Free Report) have been assigned an average recommendation of "Hold" from the nine research firms that are currently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $22.13.

A number of research firms have issued reports on MAT. DA Davidson increased their target price on shares of Mattel from $25.00 to $26.00 and gave the stock a "buy" rating in a research report on Thursday, February 8th. Roth Capital lowered shares of Mattel from a "buy" rating to a "neutral" rating in a research note on Thursday, January 4th. Roth Mkm restated a "neutral" rating and set a $20.00 price target (down previously from $24.00) on shares of Mattel in a research note on Thursday, January 4th. Stifel Nicolaus lowered their target price on shares of Mattel from $26.00 to $23.00 and set a "buy" rating on the stock in a research note on Wednesday, January 24th. Finally, StockNews.com upgraded shares of Mattel from a "hold" rating to a "buy" rating in a research note on Monday, February 26th.

Mattel Stock Performance

NASDAQ MAT traded down $0.13 on Friday, hitting $18.43. The stock had a trading volume of 1,874,509 shares, compared to its average volume of 2,622,137. Mattel has a one year low of $16.20 and a one year high of $22.64. The company has a quick ratio of 1.90, a current ratio of 2.33 and a debt-to-equity ratio of 1.08. The stock has a market cap of $6.34 billion, a price-to-earnings ratio of 30.21, a P/E/G ratio of 1.23 and a beta of 0.95. The company's 50-day moving average is $19.38 and its two-hundred day moving average is $19.23.

Mattel (NASDAQ:MAT - Get Free Report) last released its earnings results on Wednesday, February 7th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.01). Mattel had a net margin of 3.94% and a return on equity of 21.25%. The business had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same period in the prior year, the company earned $0.18 earnings per share. The firm's revenue for the quarter was up 15.6% on a year-over-year basis. On average, analysts expect that Mattel will post 1.37 earnings per share for the current year.

Institutional Investors Weigh In On Mattel

Several institutional investors have recently modified their holdings of MAT. Trust Co. of Vermont grew its holdings in Mattel by 833.3% during the third quarter. Trust Co. of Vermont now owns 1,120 shares of the company's stock valued at $25,000 after purchasing an additional 1,000 shares during the period. Money Concepts Capital Corp acquired a new position in Mattel during the fourth quarter valued at approximately $29,000. Belpointe Asset Management LLC grew its holdings in Mattel by 193.5% during the first quarter. Belpointe Asset Management LLC now owns 1,805 shares of the company's stock valued at $33,000 after purchasing an additional 1,190 shares during the period. Clearstead Advisors LLC acquired a new position in Mattel during the third quarter valued at approximately $52,000. Finally, Y.D. More Investments Ltd acquired a new position in Mattel during the third quarter valued at approximately $53,000. Institutional investors and hedge funds own 97.15% of the company's stock.

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.