Mattel, Inc. (NASDAQ:MAT) Receives Consensus Recommendation of “Hold” from Brokerages

Mattel, Inc. (NASDAQ:MAT) has been given an average recommendation of “Hold” by the nine research firms that are covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $23.75.

A number of research firms recently weighed in on MAT. DA Davidson restated a “buy” rating and issued a $27.00 target price on shares of Mattel in a research report on Thursday, October 24th. StockNews.com upgraded shares of Mattel from a “hold” rating to a “buy” rating in a report on Tuesday. Bank of America increased their target price on shares of Mattel from $26.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. boosted their price target on shares of Mattel from $22.00 to $23.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Finally, Morgan Stanley raised their price objective on Mattel from $21.00 to $22.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th.

Mattel Stock Up 0.3 %

Shares of NASDAQ MAT opened at $18.00 on Friday. The business has a 50-day moving average of $18.91 and a 200-day moving average of $18.49. The firm has a market capitalization of $6.06 billion, a price-to-earnings ratio of 11.25, a PEG ratio of 0.97 and a beta of 0.76. The company has a current ratio of 2.45, a quick ratio of 1.88 and a debt-to-equity ratio of 1.01. Mattel has a 12 month low of $15.87 and a 12 month high of $20.59.

Mattel (NASDAQ:MAT) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.19. Mattel had a net margin of 10.24% and a return on equity of 25.39%. The business had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the previous year, the company earned $1.08 EPS. The business’s quarterly revenue was down 3.9% compared to the same quarter last year. Sell-side analysts expect that Mattel will post 1.46 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Mattel

Several institutional investors and hedge funds have recently bought and sold shares of MAT. Pacer Advisors Inc. increased 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 period. State Street Corp boosted its position in Mattel by 3.1% during the 3rd quarter. State Street Corp now owns 10,517,270 shares of the company’s stock valued at $200,354,000 after acquiring an additional 318,125 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Mattel by 84.0% during the 3rd quarter. Franklin Resources Inc. now owns 9,352,223 shares of the company’s stock worth $176,757,000 after acquiring an additional 4,270,162 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Mattel by 0.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,291,976 shares of the company’s stock worth $119,862,000 after acquiring an additional 27,204 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Mattel by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 6,134,691 shares of the company’s stock worth $116,896,000 after acquiring an additional 17,309 shares in the last quarter. Hedge funds and other institutional investors own 97.15% of the company’s stock.

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.