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

Shares of Mattel, Inc. (NASDAQ:MAT) have earned an average rating of “Buy” from the sixteen ratings firms that are currently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $23.10.

A number of equities research analysts have recently issued reports on MAT shares. JPMorgan Chase & Co. boosted their price target on shares of Mattel from $27.00 to $28.00 and gave the company an “overweight” rating in a research note on Wednesday, July 28th. TheStreet cut shares of Mattel from a “b-” rating to a “c+” rating in a research report on Friday. KeyCorp lifted their price target on shares of Mattel from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Thursday, July 29th. Zacks Investment Research downgraded shares of Mattel from a “buy” rating to a “hold” rating and set a $21.00 price objective for the company. in a report on Monday, June 28th. Finally, DA Davidson upped their target price on Mattel from $28.50 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, July 28th.

MAT traded down $0.19 during mid-day trading on Tuesday, reaching $20.31. 3,096,543 shares of the company traded hands, compared to its average volume of 2,491,075. The company has a quick ratio of 1.21, a current ratio of 1.94 and a debt-to-equity ratio of 5.38. The stock has a market capitalization of $7.09 billion, a P/E ratio of 21.84 and a beta of 1.51. Mattel has a 52-week low of $10.71 and a 52-week high of $23.31. The company’s fifty day moving average price is $20.98 and its 200-day moving average price is $20.74.

Mattel (NASDAQ:MAT) last issued its earnings results on Tuesday, July 27th. The company reported $0.03 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.06. Mattel had a net margin of 6.32% and a return on equity of 89.86%. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $885.39 million. During the same period last year, the company posted ($0.26) earnings per share. The company’s quarterly revenue was up 40.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Mattel will post 1.05 earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the business. O Shaughnessy Asset Management LLC bought a new position in Mattel in the first quarter valued at about $40,000. Bessemer Group Inc. bought a new stake in Mattel in the 1st quarter valued at $46,000. Lazard Asset Management LLC acquired a new position in shares of Mattel during the 2nd quarter worth $52,000. Harvest Fund Management Co. Ltd increased its holdings in Mattel by 101.1% in the 2nd quarter. Harvest Fund Management Co. Ltd now owns 3,016 shares of the company’s stock worth $61,000 after purchasing an additional 1,516 shares in the last quarter. Finally, Captrust Financial Advisors boosted its position in shares of Mattel by 105.7% during the 1st quarter. Captrust Financial Advisors now owns 3,450 shares of the company’s stock valued at $69,000 after purchasing an additional 1,773 shares in the last quarter. 97.80% of the stock is owned by hedge funds and other institutional investors.

About Mattel

Mattel, Inc is a global children’s entertainment company that specializes in the design and production of toys and consumer products. The company engages consumers through its portfolio of iconic franchises, including Barbie, Hot Wheels, American Girl, Fisher-Price, Thomas & Friends, UNO and MEGA. It operates through the following segments: North America, International and American Girl.

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Analyst Recommendations for Mattel (NASDAQ:MAT)

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