Bank of America Raises Mattel (NASDAQ:MAT) Price Target to $26.00

Mattel (NASDAQ:MAT) had its price target raised by Bank of America from $25.00 to $26.00 in a research report released on Wednesday, Benzinga reports. They currently have a buy rating on the stock.

Other equities research analysts also recently issued research reports about the stock. Jefferies Financial Group boosted their price objective on shares of Mattel from $19.00 to $20.00 and gave the company a hold rating in a research report on Friday, March 15th. Roth Capital downgraded shares of Mattel from a buy rating to a neutral rating in a research report on Thursday, January 4th. StockNews.com raised shares of Mattel from a hold rating to a buy rating in a research report on Monday, February 26th. Morgan Stanley reissued an equal weight rating and set a $19.00 price objective (down previously from $25.00) on shares of Mattel in a research report on Wednesday, January 17th. Finally, Stifel Nicolaus cut their price objective on shares of Mattel from $26.00 to $23.00 and set a buy rating for the company in a research report on Wednesday, January 24th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus price target of $22.78.

Mattel Price Performance

Shares of NASDAQ MAT opened at $18.36 on Wednesday. Mattel has a twelve month low of $16.20 and a twelve month high of $22.64. The firm has a market cap of $6.32 billion, a P/E ratio of 22.12, a PEG ratio of 1.18 and a beta of 0.95. The company has a 50 day moving average of $19.29 and a 200 day moving average of $19.07. The company has a quick ratio of 1.90, a current ratio of 2.49 and a debt-to-equity ratio of 1.15.

Mattel (NASDAQ:MAT) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.07. The company had revenue of $809.50 million during the quarter, compared to analyst estimates of $833.52 million. Mattel had a net margin of 5.38% and a return on equity of 24.32%. The firm’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the business earned ($0.24) EPS. As a group, research analysts expect that Mattel will post 1.4 EPS for the current fiscal year.

Institutional Trading of Mattel

Several institutional investors have recently modified their holdings of the stock. Fifth Third Bancorp grew its position in shares of Mattel by 23.3% in the third quarter. Fifth Third Bancorp now owns 2,908 shares of the company’s stock valued at $64,000 after purchasing an additional 550 shares during the period. Oak Family Advisors LLC boosted its position in Mattel by 0.9% during the fourth quarter. Oak Family Advisors LLC now owns 60,189 shares of the company’s stock worth $1,136,000 after acquiring an additional 559 shares during the last quarter. Treasurer of the State of North Carolina boosted its position in Mattel by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 154,594 shares of the company’s stock worth $3,406,000 after acquiring an additional 780 shares during the last quarter. Panagora Asset Management Inc. boosted its position in Mattel by 7.4% during the fourth quarter. Panagora Asset Management Inc. now owns 11,861 shares of the company’s stock worth $224,000 after acquiring an additional 816 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its position in Mattel by 6.0% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 17,398 shares of the company’s stock worth $383,000 after acquiring an additional 989 shares during the last quarter. Institutional investors and hedge funds own 97.15% of the company’s stock.

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.