Mattel, Inc. (NASDAQ:MAT) Receives Average Rating of “Hold” from Analysts

Shares of Mattel, Inc. (NASDAQ:MAT) have earned a consensus recommendation of “Hold” from the nine brokerages that are covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $22.63.

Several research firms recently commented on MAT. StockNews.com raised shares of Mattel from a “hold” rating to a “buy” rating in a research note on Wednesday, August 21st. DA Davidson reaffirmed a “buy” rating and set a $27.00 target price on shares of Mattel in a research report on Monday, July 22nd.

Institutional Investors Weigh In On Mattel

A number of hedge funds have recently made changes to their positions in MAT. Pacer Advisors Inc. lifted its position in shares of Mattel by 20,152.4% during the second quarter. Pacer Advisors Inc. now owns 10,995,234 shares of the company’s stock valued at $178,783,000 after buying an additional 10,940,943 shares during the last quarter. Norges Bank purchased a new position in Mattel in the fourth quarter worth $71,256,000. LSV Asset Management acquired a new position in shares of Mattel during the second quarter worth $32,559,000. Dimensional Fund Advisors LP lifted its holdings in shares of Mattel by 34.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,794,138 shares of the company’s stock valued at $94,215,000 after purchasing an additional 1,479,227 shares during the last quarter. Finally, Capital International Investors boosted its position in shares of Mattel by 7.4% in the 4th quarter. Capital International Investors now owns 18,386,007 shares of the company’s stock worth $347,128,000 after purchasing an additional 1,272,018 shares in the last quarter. 97.15% of the stock is currently owned by hedge funds and other institutional investors.

Mattel Stock Performance

Shares of NASDAQ:MAT opened at $18.59 on Wednesday. The company has a current ratio of 2.58, a quick ratio of 1.81 and a debt-to-equity ratio of 1.18. Mattel has a 12 month low of $15.87 and a 12 month high of $22.30. The company has a market capitalization of $6.32 billion, a price-to-earnings ratio of 22.40, a PEG ratio of 1.20 and a beta of 0.80. The firm’s 50-day moving average is $18.32 and its 200 day moving average is $18.41.

Mattel (NASDAQ:MAT) last issued its quarterly earnings results on Tuesday, July 23rd. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.02. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.10 billion. Mattel had a return on equity of 25.72% and a net margin of 5.94%. The company’s revenue for the quarter was down .7% on a year-over-year basis. During the same period in the prior year, the business posted $0.10 earnings per share. Research analysts predict that Mattel will post 1.43 EPS for the current year.

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.