Mattel (NASDAQ:MAT) PT Raised to $20.00 at Jefferies Financial Group

Mattel (NASDAQ:MAT) had its target price hoisted by stock analysts at Jefferies Financial Group from $18.25 to $20.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has a “hold” rating on the stock. Jefferies Financial Group’s price objective points to a potential upside of 5.26% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. DA Davidson reaffirmed a “buy” rating and issued a $27.00 price target on shares of Mattel in a report on Monday, July 22nd. StockNews.com raised shares of Mattel from a “hold” rating to a “buy” rating in a report on Wednesday, August 21st. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Mattel currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.63.

Mattel Price Performance

MAT stock traded down $0.05 during trading on Tuesday, reaching $19.00. The company’s stock had a trading volume of 981,395 shares, compared to its average volume of 3,216,477. Mattel has a 1 year low of $15.87 and a 1 year high of $21.99. The company has a quick ratio of 1.81, a current ratio of 2.58 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $6.54 billion, a P/E ratio of 22.93, a price-to-earnings-growth ratio of 1.25 and a beta of 0.80. The company’s fifty day moving average is $18.98 and its 200-day moving average is $18.35.

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

Hedge Funds Weigh In On Mattel

A number of institutional investors have recently modified their holdings of the stock. Private Advisor Group LLC increased its position in shares of Mattel by 4.6% during the first quarter. Private Advisor Group LLC now owns 19,526 shares of the company’s stock worth $387,000 after acquiring an additional 860 shares during the period. GAMMA Investing LLC increased its position in shares of Mattel by 108.5% during the second quarter. GAMMA Investing LLC now owns 2,022 shares of the company’s stock worth $33,000 after acquiring an additional 1,052 shares during the period. CWM LLC increased its position in shares of Mattel by 71.0% during the second quarter. CWM LLC now owns 2,641 shares of the company’s stock worth $43,000 after acquiring an additional 1,097 shares during the period. Retirement Systems of Alabama increased its position in shares of Mattel by 0.3% during the first quarter. Retirement Systems of Alabama now owns 443,570 shares of the company’s stock worth $8,787,000 after acquiring an additional 1,165 shares during the period. Finally, Thompson Investment Management Inc. increased its holdings in Mattel by 8.8% during the first quarter. Thompson Investment Management Inc. now owns 14,780 shares of the company’s stock valued at $293,000 after buying an additional 1,200 shares during the period. 97.15% of the stock is owned by hedge funds and other institutional investors.

About Mattel

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.