Analysts Set Mattel, Inc. (NASDAQ:MAT) Target Price at $23.75

Shares of Mattel, Inc. (NASDAQ:MAT) have been assigned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $23.75.

MAT has been the subject of several analyst reports. Bank of America lifted their price target on shares of Mattel from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. StockNews.com lowered Mattel from a “buy” rating to a “hold” rating in a research report on Wednesday, January 15th. Morgan Stanley increased their price target on Mattel from $21.00 to $22.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. boosted their price objective on Mattel from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Finally, DA Davidson reiterated a “buy” rating and issued a $27.00 target price on shares of Mattel in a research note on Thursday, October 24th.

Institutional Trading of Mattel

Several institutional investors and hedge funds have recently made changes to their positions in MAT. UMB Bank n.a. raised its stake in Mattel by 584.3% in the third quarter. UMB Bank n.a. now owns 1,485 shares of the company’s stock worth $28,000 after buying an additional 1,268 shares in the last quarter. V Square Quantitative Management LLC bought a new position in shares of Mattel in the 3rd quarter worth $29,000. Prospera Private Wealth LLC purchased a new stake in shares of Mattel during the 3rd quarter worth $34,000. West Oak Capital LLC boosted its position in Mattel by 9,775.0% during the fourth quarter. West Oak Capital LLC now owns 1,975 shares of the company’s stock valued at $35,000 after purchasing an additional 1,955 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in Mattel by 38.3% in the third quarter. GAMMA Investing LLC now owns 2,797 shares of the company’s stock valued at $53,000 after purchasing an additional 775 shares during the last quarter. 97.15% of the stock is currently owned by institutional investors.

Mattel Trading Down 0.1 %

MAT opened at $17.93 on Tuesday. Mattel has a 12 month low of $15.87 and a 12 month high of $20.59. The company has a current ratio of 2.45, a quick ratio of 1.88 and a debt-to-equity ratio of 1.01. The stock has a 50-day moving average of $18.48 and a 200 day moving average of $18.66. The firm has a market cap of $6.04 billion, a P/E ratio of 11.21, a P/E/G ratio of 0.88 and a beta of 0.75.

Mattel (NASDAQ:MAT) last released its earnings results on Wednesday, October 23rd. The company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.19. The firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.86 billion. Mattel had a return on equity of 25.39% and a net margin of 10.24%. The company’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.08 EPS. As a group, research analysts forecast that Mattel will post 1.46 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.