Mattel, Inc. (NASDAQ:MAT) Given Consensus Rating of “Moderate Buy” by Brokerages

Mattel, Inc. (NASDAQ:MAT) has been given an average rating of “Moderate Buy” by the seven research firms that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $25.57.

MAT has been the topic of a number of recent research reports. DA Davidson upped their price objective on Mattel from $27.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, February 5th. Jefferies Financial Group raised shares of Mattel from a “hold” rating to a “buy” rating and upped their target price for the company from $20.00 to $28.00 in a report on Wednesday, February 5th. StockNews.com cut shares of Mattel from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Finally, 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.

Institutional Trading of Mattel

Large investors have recently modified their holdings of the business. EdgePoint Investment Group Inc. boosted its position in Mattel by 14.9% during the fourth quarter. EdgePoint Investment Group Inc. now owns 46,174,919 shares of the company’s stock worth $818,681,000 after acquiring an additional 5,984,400 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Mattel by 84.0% in the 3rd quarter. Franklin Resources Inc. now owns 9,352,223 shares of the company’s stock valued at $176,757,000 after acquiring an additional 4,270,162 shares during the period. Norges Bank purchased a new position in shares of Mattel in the 4th quarter valued at $54,929,000. Hennessy Advisors Inc. purchased a new stake in Mattel during the 4th quarter worth $53,238,000. Finally, Invesco Ltd. increased its stake in Mattel by 468.3% during the 4th quarter. Invesco Ltd. now owns 3,394,958 shares of the company’s stock worth $60,193,000 after buying an additional 2,797,559 shares during the period. 97.15% of the stock is currently owned by institutional investors and hedge funds.

Mattel Stock Up 1.6 %

MAT stock opened at $21.00 on Wednesday. The firm has a market cap of $7.00 billion, a PE ratio of 13.13, a PEG ratio of 2.35 and a beta of 0.65. The company has a debt-to-equity ratio of 1.03, a quick ratio of 2.00 and a current ratio of 2.38. Mattel has a one year low of $15.87 and a one year high of $22.07. The firm’s 50 day moving average price is $19.64 and its 200-day moving average price is $19.20.

Mattel (NASDAQ:MAT) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.15. Mattel had a return on equity of 25.94% and a net margin of 10.07%. During the same quarter last year, the company earned $0.29 EPS. On average, equities research analysts anticipate that Mattel will post 1.7 EPS for the current year.

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.