Brokerages Set Mattel, Inc. (NASDAQ:MAT) Target Price at $25.57

Mattel, Inc. (NASDAQ:MAT) has earned a consensus rating of “Moderate Buy” from the seven analysts that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $25.57.

Several research analysts recently issued reports on MAT shares. Morgan Stanley increased their price target on shares of Mattel from $22.00 to $23.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 5th. Jefferies Financial Group raised Mattel from a “hold” rating to a “buy” rating and raised their price target for the company from $20.00 to $28.00 in a report on Wednesday, February 5th. Bank of America increased their price objective on Mattel from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. StockNews.com upgraded shares of Mattel from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, DA Davidson increased their price target on shares of Mattel from $27.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, February 5th.

Institutional Investors Weigh In On Mattel

Several institutional investors and hedge funds have recently made changes to their positions in the business. EverSource Wealth Advisors LLC increased its position in Mattel by 150.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,543 shares of the company’s stock worth $27,000 after buying an additional 926 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of Mattel by 584.3% during the third quarter. UMB Bank n.a. now owns 1,485 shares of the company’s stock valued at $28,000 after acquiring an additional 1,268 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in Mattel during the 3rd quarter worth about $29,000. Prospera Private Wealth LLC acquired a new position in Mattel in the 3rd quarter valued at about $34,000. Finally, West Oak Capital LLC lifted its holdings in Mattel by 9,775.0% in the 4th quarter. West Oak Capital LLC now owns 1,975 shares of the company’s stock valued at $35,000 after purchasing an additional 1,955 shares in the last quarter. 97.15% of the stock is currently owned by hedge funds and other institutional investors.

Mattel Trading Down 0.8 %

Shares of MAT stock opened at $21.30 on Friday. The company has a market capitalization of $7.18 billion, a P/E ratio of 13.31, a price-to-earnings-growth ratio of 2.32 and a beta of 0.76. The company has a current ratio of 2.38, a quick ratio of 1.88 and a debt-to-equity ratio of 1.03. The business’s 50 day moving average is $18.61 and its two-hundred day moving average is $18.88. Mattel has a twelve month low of $15.87 and a twelve month high of $21.88.

Mattel (NASDAQ:MAT) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.15. Mattel had a net margin of 10.07% and a return on equity of 25.94%. During the same period last year, the business posted $0.29 EPS. Equities analysts forecast that Mattel will post 1.69 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.