Mattel (NASDAQ:MAT) PT Raised to $27.00

Mattel (NASDAQ:MAT) had its target price lifted by DA Davidson from $26.00 to $27.00 in a research note released on Wednesday, Benzinga reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also weighed in on the company. Roth Mkm reaffirmed a neutral rating and issued a $20.00 price objective (down previously from $24.00) on shares of Mattel in a report on Thursday, January 4th. Morgan Stanley reaffirmed an equal weight rating and issued a $19.00 price objective (down previously from $25.00) on shares of Mattel in a report on Wednesday, January 17th. StockNews.com raised Mattel from a hold rating to a buy rating in a report on Monday, February 26th. Roth Capital lowered Mattel from a buy rating to a neutral rating in a report on Thursday, January 4th. Finally, TheStreet lowered Mattel from a b- rating to a c+ rating in a report on Wednesday, January 24th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of $22.78.

Mattel Stock Performance

Shares of MAT stock opened at $19.18 on Wednesday. The stock has a market capitalization of $6.60 billion, a PE ratio of 23.11, a price-to-earnings-growth ratio of 1.25 and a beta of 0.95. Mattel has a 52-week low of $16.20 and a 52-week high of $22.64. The stock’s 50-day moving average price is $19.30 and its 200 day moving average price is $19.08. The company has a quick ratio of 1.90, a current ratio of 2.33 and a debt-to-equity ratio of 1.08.

Mattel (NASDAQ:MAT) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.07. The firm had revenue of $809.50 million for the quarter, compared to analysts’ expectations of $833.52 million. Mattel had a return on equity of 24.25% and a net margin of 5.38%. The firm’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.24) EPS. As a group, equities research analysts forecast that Mattel will post 1.37 EPS for the current year.

Institutional Investors Weigh In On Mattel

Institutional investors and hedge funds have recently bought and sold shares of the stock. Jericho Capital Asset Management L.P. purchased a new stake in Mattel in the 3rd quarter valued at approximately $76,819,000. Stifel Financial Corp lifted its stake in Mattel by 161.8% in the 3rd quarter. Stifel Financial Corp now owns 146,494 shares of the company’s stock valued at $3,227,000 after buying an additional 90,539 shares in the last quarter. Seven Eight Capital LP lifted its stake in Mattel by 548.8% in the 3rd quarter. Seven Eight Capital LP now owns 75,114 shares of the company’s stock valued at $1,655,000 after buying an additional 63,536 shares in the last quarter. Trexquant Investment LP lifted its stake in Mattel by 256.4% in the 3rd quarter. Trexquant Investment LP now owns 287,342 shares of the company’s stock valued at $6,330,000 after buying an additional 206,729 shares in the last quarter. Finally, Xponance Inc. lifted its stake in Mattel by 6.1% in the 3rd quarter. Xponance Inc. now owns 45,618 shares of the company’s stock valued at $1,005,000 after buying an additional 2,629 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.