Mattel PT Raised to $42.00 (MAT)
Analysts at Barclays raised their target price on shares of Mattel (NYSE:MAT) from $41.00 to $42.00 in a research report issued to clients and investors on Thursday, American Banking News reports. The firm currently has an “equal weight” rating on the stock. Barclays’ price target suggests a potential downside of 0.97% from the company’s current price.
A number of other firms have also recently commented on MAT. Analysts at B. Riley raised their price target on shares of Mattel from $51.00 to $55.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Needham & Company reiterated a “buy” rating on shares of Mattel in a research note to investors on Thursday. Finally, analysts at SunTrust reiterated a “buy” rating on shares of Mattel in a research note to investors on Wednesday, October 9th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $46.45.
Mattel (NYSE:MAT) traded up 1.05% during mid-day trading on Thursday, hitting $42.41. The stock had a trading volume of 3,961,949 shares. Mattel has a one year low of $34.85 and a one year high of $48.48. The stock has a 50-day moving average of $41.79 and a 200-day moving average of $43.58. The company has a market cap of $14.613 billion and a P/E ratio of 18.84. Mattel also was the target of unusually large options trading activity on Tuesday. Stock traders bought 7,133 put options on the stock. This represents an increase of approximately 681% compared to the typical volume of 913 put options.
Mattel (NYSE:MAT) last posted its quarterly earnings results on Wednesday, October 16th. The company reported $1.16 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.12 by $0.04. The company had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter last year, the company posted $1.04 earnings per share. Mattel’s revenue was up 6.3% compared to the same quarter last year. On average, analysts predict that Mattel will post $2.67 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, December 13th. Shareholders of record on Wednesday, November 27th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date of this dividend is Monday, November 25th.
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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