Mattel, Inc. (NASDAQ:MAT) Receives Average Recommendation of “Hold” from Brokerages

Shares of Mattel, Inc. (NASDAQ:MAT) have received a consensus recommendation of “Hold” from the nine ratings firms that are currently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $22.63.

MAT has been the subject of a number of research reports. Bank of America increased their target price 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. StockNews.com downgraded shares of Mattel from a “buy” rating to a “hold” rating in a report on Wednesday. DA Davidson reissued a “buy” rating and set a $27.00 target price on shares of Mattel in a report on Monday, July 22nd. Citigroup raised their price target on Mattel from $25.00 to $26.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Finally, Roth Mkm reiterated a “neutral” rating and set a $21.00 price objective on shares of Mattel in a research note on Wednesday, April 24th.

Mattel Trading Up 1.4 %

NASDAQ:MAT opened at $19.17 on Tuesday. Mattel has a 12 month low of $15.87 and a 12 month high of $22.64. The company has a current ratio of 2.58, a quick ratio of 1.88 and a debt-to-equity ratio of 1.18. The firm’s 50 day moving average is $17.22 and its 200 day moving average is $18.31. The stock has a market capitalization of $6.60 billion, a PE ratio of 23.10, a price-to-earnings-growth ratio of 1.24 and a beta of 0.86.

Mattel (NASDAQ:MAT) last issued its earnings results on Tuesday, July 23rd. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.02. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.10 billion. Mattel had a return on equity of 25.72% and a net margin of 5.94%. The business’s revenue was down .7% on a year-over-year basis. During the same period in the previous year, the company posted $0.10 earnings per share. Sell-side analysts expect that Mattel will post 1.42 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Zanatta Roberto Jacobo Isaias sold 21,655 shares of Mattel stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $18.83, for a total transaction of $407,763.65. Following the completion of the sale, the executive vice president now owns 106,086 shares in the company, valued at approximately $1,997,599.38. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Mattel news, insider Steve Totzke sold 45,216 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $18.90, for a total value of $854,582.40. Following the completion of the transaction, the insider now owns 101,902 shares of the company’s stock, valued at approximately $1,925,947.80. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Zanatta Roberto Jacobo Isaias sold 21,655 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $18.83, for a total transaction of $407,763.65. Following the sale, the executive vice president now owns 106,086 shares in the company, valued at approximately $1,997,599.38. The disclosure for this sale can be found here. Insiders have sold 90,533 shares of company stock worth $1,709,321 in the last ninety days. 1.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its holdings in shares of Mattel by 1.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,915,356 shares of the company’s stock worth $47,404,000 after purchasing an additional 51,687 shares in the last quarter. Fifth Third Wealth Advisors LLC purchased a new stake in Mattel in the second quarter worth approximately $189,000. Krilogy Financial LLC boosted its stake in Mattel by 23.2% in the second quarter. Krilogy Financial LLC now owns 68,554 shares of the company’s stock worth $1,115,000 after buying an additional 12,898 shares in the last quarter. Blue Trust Inc. grew its position in Mattel by 143.2% during the second quarter. Blue Trust Inc. now owns 2,072 shares of the company’s stock valued at $34,000 after acquiring an additional 1,220 shares during the last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in shares of Mattel during the second quarter worth approximately $1,579,000. Institutional investors 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.