Mattel, Inc. (NASDAQ:MAT)‘s stock had its “hold” rating reissued by analysts at Jefferies Group LLC in a report issued on Thursday. They presently have a $17.00 price target on the stock. Jefferies Group LLC’s price target indicates a potential upside of 9.25% from the company’s previous close.

Several other research analysts also recently weighed in on MAT. UBS AG reiterated a “buy” rating and issued a $29.00 target price on shares of Mattel in a research note on Friday, May 19th. DA Davidson reiterated a “buy” rating and issued a $30.00 target price on shares of Mattel in a research note on Tuesday, May 23rd. BMO Capital Markets reiterated a “buy” rating on shares of Mattel in a research note on Wednesday, June 7th. Stifel Nicolaus reiterated a “hold” rating and issued a $23.00 target price on shares of Mattel in a research note on Friday, June 9th. Finally, Monness Crespi & Hardt lowered their target price on Mattel from $29.00 to $27.00 and set a “buy” rating on the stock in a research note on Thursday, June 15th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $25.57.

Mattel (NASDAQ MAT) traded down 0.83% during midday trading on Thursday, hitting $15.56. The company had a trading volume of 7,801,721 shares. The company has a market cap of $5.33 billion, a price-to-earnings ratio of 22.32 and a beta of 0.87. Mattel has a 12 month low of $15.30 and a 12 month high of $33.23. The firm has a 50-day moving average price of $18.20 and a 200-day moving average price of $21.94.

Mattel (NASDAQ:MAT) last released its quarterly earnings results on Thursday, July 27th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by $0.05. The firm had revenue of $974.50 million for the quarter, compared to analysts’ expectations of $972.36 million. Mattel had a return on equity of 11.62% and a net margin of 4.51%. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.02) EPS. Equities analysts anticipate that Mattel will post $0.79 EPS for the current year.

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In other news, CEO Mary Margaret Hasti Georgiadis acquired 12,660 shares of Mattel stock in a transaction that occurred on Tuesday, August 1st. The stock was purchased at an average cost of $19.61 per share, with a total value of $248,262.60. Following the completion of the acquisition, the chief executive officer now owns 116,788 shares in the company, valued at approximately $2,290,212.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.40% of the stock is owned by company insiders.

Hedge funds have recently modified their holdings of the stock. IHT Wealth Management LLC raised its holdings in Mattel by 5,624.1% during the second quarter. IHT Wealth Management LLC now owns 1,660 shares of the company’s stock worth $302,000 after purchasing an additional 1,631 shares during the last quarter. Highlander Capital Management LLC acquired a new position in Mattel during the second quarter worth $105,000. Penserra Capital Management LLC raised its holdings in Mattel by 26.6% during the second quarter. Penserra Capital Management LLC now owns 6,117 shares of the company’s stock worth $131,000 after purchasing an additional 1,287 shares during the last quarter. Delta Asset Management LLC TN raised its holdings in Mattel by 54.7% during the second quarter. Delta Asset Management LLC TN now owns 6,150 shares of the company’s stock worth $133,000 after purchasing an additional 2,175 shares during the last quarter. Finally, First Interstate Bank raised its holdings in Mattel by 237.1% during the first quarter. First Interstate Bank now owns 6,682 shares of the company’s stock worth $171,000 after purchasing an additional 4,700 shares during the last quarter. 93.54% of the stock is owned by hedge funds and other institutional investors.

About Mattel

Mattel, Inc manufactures and markets a range of toy products around the world. The Company’s segments are North America; International, and American Girl. Its portfolio of brands and products are grouped into approximately four major brand categories, including Mattel Girls & Boys Brands, Fisher-Price Brands, American Girl Brands and Construction and Arts & Crafts Brands.

Analyst Recommendations for Mattel (NASDAQ:MAT)

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