Mattel, Inc. (NASDAQ:MAT) Given Consensus Rating of “Hold” by Brokerages

Shares of Mattel, Inc. (NASDAQ:MAT) have been given an average recommendation of “Hold” by the nine analysts that are currently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $22.63.

Several brokerages have recently issued reports on MAT. StockNews.com cut shares of Mattel from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. Roth Mkm reaffirmed a “neutral” rating and set a $21.00 price target on shares of Mattel in a research report on Wednesday, April 24th. DA Davidson reaffirmed a “buy” rating and set a $27.00 price target on shares of Mattel in a research report on Monday, July 22nd. Citigroup upped their price target 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. Finally, Bank of America upped their price target 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.

Insiders Place Their Bets

In other Mattel news, EVP Zanatta Roberto Jacobo Isaias sold 21,655 shares of the business’s stock in a transaction 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 transaction, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Steve Totzke sold 45,216 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $18.90, for a total value of $854,582.40. Following the sale, the insider now owns 101,902 shares in the company, valued at approximately $1,925,947.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Zanatta Roberto Jacobo Isaias sold 21,655 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were 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 disclosure for this sale can be found here. Insiders have sold 90,533 shares of company stock worth $1,709,321 in the last quarter. 1.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Mattel

A number of institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC grew its position in shares of Mattel by 108.5% during the 2nd quarter. GAMMA Investing LLC now owns 2,022 shares of the company’s stock valued at $33,000 after buying an additional 1,052 shares during the last quarter. Blue Trust Inc. grew its position in shares of Mattel by 143.2% during the 2nd quarter. Blue Trust Inc. now owns 2,072 shares of the company’s stock valued at $34,000 after buying an additional 1,220 shares during the last quarter. CWM LLC grew its position in shares of Mattel by 71.0% during the 2nd quarter. CWM LLC now owns 2,641 shares of the company’s stock valued at $43,000 after buying an additional 1,097 shares during the last quarter. Versant Capital Management Inc grew its position in shares of Mattel by 14,185.0% during the 2nd quarter. Versant Capital Management Inc now owns 2,857 shares of the company’s stock valued at $46,000 after buying an additional 2,837 shares during the last quarter. Finally, Partnership Wealth Management LLC bought a new stake in shares of Mattel during the 4th quarter valued at about $61,000. Institutional investors and hedge funds own 97.15% of the company’s stock.

Mattel Stock Up 0.5 %

Shares of NASDAQ MAT opened at $19.27 on Tuesday. Mattel has a 52-week low of $15.87 and a 52-week high of $22.44. The firm has a fifty day moving average of $17.24 and a 200-day moving average of $18.32. The stock has a market capitalization of $6.63 billion, a PE ratio of 23.22, a P/E/G ratio of 1.26 and a beta of 0.86. The company has a quick ratio of 1.81, a current ratio of 2.58 and a debt-to-equity ratio of 1.18.

Mattel (NASDAQ:MAT) last announced its quarterly earnings data 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. Mattel had a net margin of 5.94% and a return on equity of 25.72%. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the previous year, the company earned $0.10 EPS. The business’s quarterly revenue was down .7% compared to the same quarter last year. On average, analysts anticipate that Mattel will post 1.42 EPS for the current year.

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.