Mattel, Inc. (NASDAQ:MAT) Receives $22.78 Average Price Target from Brokerages

Shares of Mattel, Inc. (NASDAQ:MAT) have been assigned an average rating of “Moderate Buy” from the ten ratings firms that are presently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $22.78.

Several research analysts have issued reports on the stock. Jefferies Financial Group raised their price objective on shares of Mattel from $19.00 to $20.00 and gave the stock a “hold” rating in a research report on Friday, March 15th. Roth Mkm reissued a “neutral” rating and set a $21.00 price objective on shares of Mattel in a research report on Wednesday, April 24th. Bank of America raised their price objective on shares of Mattel from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Citigroup lifted their target price on shares of Mattel from $25.00 to $26.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Finally, DA Davidson lifted their target price on shares of Mattel from $26.00 to $27.00 and gave the company a “buy” rating in a report on Wednesday, April 24th.

Mattel Trading Up 0.8 %

NASDAQ MAT opened at $16.38 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.49 and a quick ratio of 1.88. The firm’s fifty day moving average price is $17.69 and its 200 day moving average price is $18.50. The company has a market capitalization of $5.64 billion, a price-to-earnings ratio of 19.73, a price-to-earnings-growth ratio of 1.04 and a beta of 0.86. Mattel has a 12 month low of $16.08 and a 12 month high of $22.64.

Mattel (NASDAQ:MAT) last posted its earnings results on Tuesday, April 23rd. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.07. Mattel had a net margin of 5.38% and a return on equity of 24.32%. The firm had revenue of $809.50 million for the quarter, compared to the consensus estimate of $833.52 million. During the same period last year, the firm posted ($0.24) EPS. The company’s revenue was down .6% on a year-over-year basis. On average, sell-side analysts expect that Mattel will post 1.4 earnings per share for the current fiscal year.

Insider Activity at Mattel

In related news, EVP Zanatta Roberto Jacobo Isaias sold 21,655 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $18.83, for a total value of $407,763.65. Following the completion of the sale, the executive vice president now directly owns 106,086 shares in the company, valued at $1,997,599.38. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Steve Totzke sold 23,662 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $18.89, for a total transaction of $446,975.18. Following the transaction, the insider now directly owns 152,018 shares of the company’s stock, valued at $2,871,620.02. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Zanatta Roberto Jacobo Isaias sold 21,655 shares of the business’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $18.83, for a total transaction of $407,763.65. Following the transaction, the executive vice president now directly owns 106,086 shares in the company, valued at $1,997,599.38. The disclosure for this sale can be found here. Insiders sold 90,533 shares of company stock worth $1,709,321 over the last 90 days. Company insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Oak Family Advisors LLC lifted its position in shares of 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 purchasing an additional 559 shares in the last quarter. Treasurer of the State of North Carolina lifted its position in shares of 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 purchasing an additional 780 shares in the last quarter. Panagora Asset Management Inc. lifted its position in shares of 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 purchasing an additional 816 shares in the last quarter. Private Advisor Group LLC raised its holdings in Mattel by 4.6% in the first quarter. Private Advisor Group LLC now owns 19,526 shares of the company’s stock valued at $387,000 after acquiring an additional 860 shares in the last quarter. Finally, Trust Co. of Vermont raised its holdings in Mattel by 833.3% in the third quarter. Trust Co. of Vermont now owns 1,120 shares of the company’s stock valued at $25,000 after acquiring an additional 1,000 shares in the last quarter. 97.15% of the stock is 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.