Mattel, Inc. (NASDAQ:MAT) Given Average Rating of "Moderate Buy" by Analysts

Mattel, Inc. (NASDAQ:MAT - Get Free Report) has been given a consensus rating of "Moderate Buy" by the ten research firms that are presently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $22.78.

MAT has been the subject of several recent analyst reports. Citigroup increased their price objective on Mattel from $25.00 to $26.00 and gave the stock a "buy" rating in a research note on Wednesday, April 24th. TheStreet downgraded shares of Mattel from a "b-" rating to a "c+" rating in a research report on Wednesday, January 24th. JPMorgan Chase & Co. cut shares of Mattel from an "overweight" rating to a "neutral" rating and reduced their price objective for the company from $24.00 to $19.00 in a research note on Monday, February 5th. Roth Mkm reiterated a "neutral" rating and issued a $21.00 price objective on shares of Mattel in a report on Wednesday, April 24th. Finally, StockNews.com upgraded shares of Mattel from a "hold" rating to a "buy" rating in a research report on Monday, February 26th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Trust Co. of Vermont lifted its position in shares of Mattel by 833.3% during the 3rd quarter. Trust Co. of Vermont now owns 1,120 shares of the company's stock worth $25,000 after buying an additional 1,000 shares in the last quarter. Clearstead Advisors LLC purchased a new stake in Mattel during the third quarter valued at about $52,000. Y.D. More Investments Ltd bought a new position in Mattel during the third quarter worth about $53,000. Partnership Wealth Management LLC purchased a new position in shares of Mattel in the fourth quarter worth about $61,000. Finally, Fifth Third Bancorp increased its stake in shares of Mattel by 23.3% in the third quarter. Fifth Third Bancorp now owns 2,908 shares of the company's stock worth $64,000 after purchasing an additional 550 shares in the last quarter. Institutional investors and hedge funds own 97.15% of the company's stock.

Mattel Stock Performance

Shares of MAT traded up $0.13 during trading hours on Thursday, reaching $18.88. 2,461,865 shares of the company's stock traded hands, compared to its average volume of 3,010,205. The business's fifty day simple moving average is $19.10 and its two-hundred day simple moving average is $18.92. Mattel has a twelve month low of $16.20 and a twelve month high of $22.64. The firm has a market capitalization of $6.50 billion, a price-to-earnings ratio of 22.72, a P/E/G ratio of 1.18 and a beta of 0.98. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.49 and a quick ratio of 1.88.

Mattel (NASDAQ:MAT - Get Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.07. Mattel had a return on equity of 24.32% and a net margin of 5.38%. The business had revenue of $809.50 million during the quarter, compared to analyst estimates of $833.52 million. During the same period last year, the company earned ($0.24) earnings per share. Mattel's quarterly revenue was down .6% compared to the same quarter last year. Analysts predict that Mattel will post 1.4 earnings per share for the current year.

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.