Citigroup Raises Mattel (NASDAQ:MAT) Price Target to $26.00

Mattel (NASDAQ:MAT) had its price objective hoisted by equities researchers at Citigroup from $25.00 to $26.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s price objective would indicate a potential upside of 40.77% from the company’s current price.

A number of other analysts also recently issued reports on MAT. DA Davidson lifted their price objective on Mattel from $26.00 to $27.00 and gave the stock a “buy” rating in a research note on Wednesday. Roth Capital downgraded Mattel from a “buy” rating to a “neutral” rating in a research report on Thursday, January 4th. Bank of America boosted their target price on Mattel from $25.00 to $26.00 and gave the company a “buy” rating in a research report on Wednesday. StockNews.com raised Mattel from a “hold” rating to a “buy” rating in a research report on Monday, February 26th. Finally, Stifel Nicolaus cut their target price on Mattel from $26.00 to $23.00 and set a “buy” rating on the stock in a research report on Wednesday, January 24th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $22.78.

Mattel Stock Down 3.7 %

NASDAQ MAT opened at $18.47 on Wednesday. The company has a current ratio of 2.33, a quick ratio of 1.90 and a debt-to-equity ratio of 1.08. Mattel has a 12 month low of $16.20 and a 12 month high of $22.64. The stock’s 50 day moving average is $19.30 and its 200 day moving average is $19.08. The stock has a market cap of $6.35 billion, a PE ratio of 22.25, a P/E/G ratio of 1.25 and a beta of 0.95.

Mattel (NASDAQ:MAT) last released its quarterly earnings data on Tuesday, April 23rd. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.07. Mattel had a return on equity of 24.25% and a net margin of 5.38%. The business had revenue of $809.50 million for the quarter, compared to the consensus estimate of $833.52 million. During the same quarter in the previous year, the company posted ($0.24) EPS. The company’s revenue was down .6% compared to the same quarter last year. Research analysts predict that Mattel will post 1.37 EPS for the current fiscal year.

Institutional Investors Weigh In On Mattel

Institutional investors and hedge funds have recently made changes to their positions in the stock. Trust Co. of Vermont lifted its stake in shares of Mattel by 833.3% during the third quarter. Trust Co. of Vermont now owns 1,120 shares of the company’s stock worth $25,000 after buying an additional 1,000 shares during the period. Clearstead Advisors LLC acquired a new stake in shares of Mattel during the third quarter worth $52,000. Y.D. More Investments Ltd acquired a new stake in shares of Mattel during the third quarter worth $53,000. Fifth Third Bancorp lifted its stake in shares of Mattel by 23.3% during the third quarter. Fifth Third Bancorp now owns 2,908 shares of the company’s stock worth $64,000 after buying an additional 550 shares during the period. Finally, Partnership Wealth Management LLC acquired a new stake in shares of Mattel during the fourth quarter worth $61,000. 97.15% of the stock is currently owned by institutional investors and hedge funds.

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.