Mattel, Inc. (NASDAQ:MAT) Receives Consensus Rating of “Moderate Buy” from Brokerages

Mattel, Inc. (NASDAQ:MAT) has been given a consensus recommendation of “Moderate Buy” by the seven brokerages that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $24.14.

MAT has been the subject of a number of research analyst reports. The Goldman Sachs Group reduced their target price on Mattel from $24.00 to $21.00 and set a “buy” rating for the company in a report on Wednesday, May 7th. Wall Street Zen raised Mattel from a “hold” rating to a “buy” rating in a research note on Saturday, May 24th. Morgan Stanley raised their price objective on Mattel from $16.00 to $17.00 and gave the company an “equal weight” rating in a report on Tuesday, May 6th. DA Davidson reaffirmed a “buy” rating and set a $30.00 target price on shares of Mattel in a report on Thursday, May 15th. Finally, Citigroup raised their price target on shares of Mattel from $19.00 to $22.00 and gave the stock a “buy” rating in a research note on Tuesday, May 6th.

Mattel Stock Performance

NASDAQ:MAT opened at $19.30 on Friday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 2.00 and a current ratio of 2.38. The stock has a market capitalization of $6.23 billion, a PE ratio of 12.06, a P/E/G ratio of 2.35 and a beta of 0.66. Mattel has a fifty-two week low of $13.95 and a fifty-two week high of $22.07. The company has a fifty day moving average of $17.36 and a two-hundred day moving average of $18.66.

Mattel (NASDAQ:MAT) last released its quarterly earnings results on Monday, May 5th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.08. The firm had revenue of $826.60 million during the quarter, compared to the consensus estimate of $791.49 million. Mattel had a net margin of 10.07% and a return on equity of 25.94%. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.05) EPS. As a group, research analysts forecast that Mattel will post 1.7 earnings per share for the current fiscal year.

Institutional Trading of Mattel

Large investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers boosted its position in shares of Mattel by 1.9% during the 4th quarter. Rhumbline Advisers now owns 928,192 shares of the company’s stock valued at $16,457,000 after acquiring an additional 17,590 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in Mattel during the fourth quarter worth about $1,025,000. CIBC Asset Management Inc boosted its holdings in Mattel by 5.8% in the 4th quarter. CIBC Asset Management Inc now owns 10,962 shares of the company’s stock valued at $194,000 after purchasing an additional 601 shares during the last quarter. Venturi Wealth Management LLC grew its stake in shares of Mattel by 175.1% in the 4th quarter. Venturi Wealth Management LLC now owns 4,669 shares of the company’s stock valued at $83,000 after buying an additional 2,972 shares during the period. Finally, Kestra Investment Management LLC grew its stake in shares of Mattel by 45.5% in the 4th quarter. Kestra Investment Management LLC now owns 45,349 shares of the company’s stock valued at $804,000 after buying an additional 14,185 shares during the period. 97.15% of the stock is currently owned by hedge funds and other institutional investors.

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.