Mattel Receives New Coverage from Analysts at Piper Jaffray (MAT)
Analysts at Piper Jaffray initiated coverage on shares of Mattel (NYSE: MAT) in a research report issued to clients and investors on Monday, TheFlyOnTheWall.com reports. The firm set an “overweight” rating on the stock.
The analysts wrote, “The value inherent in the company today is tied in large part to one of the strongest portfolios of brands in the children’s products industry and the revenue expansion potential derived from brand permission to extend into other children’s products categories and entertainment venues. The company is currently at peak margin, near 18% on a blended basis, having improved significantly from 9% in 2008.”
A number of other analysts have also recently weighed in on MAT. Analysts at Zacks reiterated a “neutral” rating on shares of Mattel in a research note to investors on Tuesday, April 23rd. They now have a $46.00 price target on the stock. Separately, analysts at Barclays Capital raised their price target on shares of Mattel from $39.00 to $41.00 in a research note to investors on Thursday, April 18th. They now have an “equal weight” rating on the stock. Finally, analysts at B. Riley raised their price target on shares of Mattel from $47.00 to $53.00 in a research note to investors on Thursday, April 18th.
Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Mattel presently has an average rating of “Buy” and an average target price of $45.91.
Mattel (NYSE: MAT) traded up 1.33% on Monday, hitting $46.42. Mattel has a 52-week low of $30.15 and a 52-week high of $45.37. The stock’s 50-day moving average is currently $42.83. The company has a market cap of $16.033 billion and a price-to-earnings ratio of 19.92.
Mattel (NYSE: MAT) last issued its quarterly earnings data on Wednesday, April 17th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.02. The company had revenue of $995.60 million for the quarter, compared to the consensus estimate of $986.45 million. During the same quarter last year, the company posted $0.06 earnings per share. Mattel’s revenue was up 7.2% compared to the same quarter last year. Analysts expect that Mattel will post $2.82 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, June 14th. Investors of record on Thursday, May 23rd will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 3.12%. The ex-dividend date is Tuesday, May 21st.
Mattel, Inc. (NYSE: MAT) designs, manufactures and markets a variety of toy products worldwide which are sold to its customers and directly to consumers.
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