Shares of Mattel, Inc. (NASDAQ:MAT) have been given an average rating of “Hold” by the nineteen analysts that are presently covering the stock, Marketbeat reports. Thirteen research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $18.27.
A number of brokerages have recently commented on MAT. BidaskClub raised shares of Mattel from a “sell” rating to a “hold” rating in a research report on Wednesday, February 7th. Citigroup raised their target price on shares of Mattel from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, February 6th. Barclays raised their target price on shares of Mattel from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Monday, February 5th. Stifel Nicolaus reaffirmed a “hold” rating and set a $16.00 target price on shares of Mattel in a research report on Monday, January 29th. Finally, Zacks Investment Research raised shares of Mattel from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 26th.
Shares of Mattel (NASDAQ:MAT) traded down $1.00 during midday trading on Wednesday, reaching $16.36. 4,096,000 shares of the company’s stock traded hands, compared to its average volume of 6,644,120. The company has a current ratio of 1.92, a quick ratio of 1.55 and a debt-to-equity ratio of 2.28. The company has a market capitalization of $5,620.00, a P/E ratio of -5.35, a P/E/G ratio of 14.49 and a beta of 1.00. Mattel has a twelve month low of $12.71 and a twelve month high of $26.30.
Hedge funds have recently modified their holdings of the stock. Calton & Associates Inc. purchased a new position in Mattel during the fourth quarter valued at approximately $112,000. Zeke Capital Advisors LLC purchased a new position in Mattel during the third quarter valued at approximately $163,000. Hartland & Co. LLC purchased a new position in Mattel during the third quarter valued at approximately $165,000. Virtu Financial LLC purchased a new position in Mattel during the fourth quarter valued at approximately $187,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in Mattel during the fourth quarter valued at approximately $206,000. 93.86% of the stock is currently owned by institutional investors.
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Mattel Company Profile
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.
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