Mattel (NASDAQ:MAT) Hits New 52-Week High – Still a Buy?

Mattel, Inc. (NASDAQ:MAT)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $20.56 and last traded at $20.51, with a volume of 81146 shares changing hands. The stock had previously closed at $20.34.

Analyst Ratings Changes

Several equities analysts recently weighed in on MAT shares. StockNews.com cut shares of Mattel from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. DA Davidson reissued a “buy” rating and issued a $27.00 target price on shares of Mattel in a research note on Thursday, October 24th. JPMorgan Chase & Co. raised their price target on Mattel from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Morgan Stanley raised their price target on Mattel from $21.00 to $22.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th. Finally, Jefferies Financial Group raised their price target on Mattel from $18.25 to $20.00 and gave the company a “hold” rating in a report on Tuesday, October 1st. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Mattel currently has an average rating of “Hold” and a consensus price target of $23.75.

Mattel Stock Up 0.0 %

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 cap of $7.00 billion, a price-to-earnings ratio of 24.51, a P/E/G ratio of 0.99 and a beta of 0.79. The stock has a fifty day moving average price of $19.02 and a two-hundred day moving average price of $18.31.

Mattel (NASDAQ:MAT) last posted its earnings results on Wednesday, October 23rd. The company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.19. Mattel had a return on equity of 25.72% and a net margin of 5.94%. The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter last year, the firm earned $1.08 earnings per share. The company’s revenue was down 3.9% on a year-over-year basis. As a group, sell-side analysts expect that Mattel, Inc. will post 1.44 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD raised its stake in Mattel by 1.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 11,685,291 shares of the company’s stock valued at $231,487,000 after purchasing an additional 180,855 shares in the last quarter. Barington Capital Group L.P. grew its position in Mattel by 25.3% in the second quarter. Barington Capital Group L.P. now owns 595,000 shares of the company’s stock valued at $9,675,000 after acquiring an additional 120,000 shares during the last quarter. SG Americas Securities LLC bought a new stake in Mattel in the second quarter valued at approximately $312,000. Van ECK Associates Corp boosted its holdings in Mattel by 181.0% in the first quarter. Van ECK Associates Corp now owns 220,845 shares of the company’s stock valued at $4,375,000 after acquiring an additional 142,266 shares during the last quarter. Finally, Tidal Investments LLC boosted its holdings in Mattel by 292.6% in the first quarter. Tidal Investments LLC now owns 83,462 shares of the company’s stock valued at $1,653,000 after acquiring an additional 62,204 shares during the last quarter. Institutional investors and hedge funds own 97.15% of the company’s stock.

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.