Mattel, Inc. (NASDAQ:MAT) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Mattel, Inc. (NASDAQ:MAT) have been given an average recommendation of “Moderate Buy” by the seven brokerages that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $25.57.

A number of research analysts have recently weighed in on the stock. Morgan Stanley increased their target price on shares of Mattel from $22.00 to $23.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 5th. Jefferies Financial Group raised Mattel from a “hold” rating to a “buy” rating and raised their target price for the stock from $20.00 to $28.00 in a research report on Wednesday, February 5th. DA Davidson boosted their target price on Mattel from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, February 5th. Finally, StockNews.com raised Mattel from a “hold” rating to a “buy” rating in a report on Wednesday, March 12th.

Institutional Trading of Mattel

Institutional investors have recently added to or reduced their stakes in the stock. CIBC Asset Management Inc boosted its position in shares of Mattel by 5.8% in the fourth quarter. CIBC Asset Management Inc now owns 10,962 shares of the company’s stock valued at $194,000 after acquiring an additional 601 shares during the period. Clear Harbor Asset Management LLC lifted its stake in Mattel by 5.5% in the 4th quarter. Clear Harbor Asset Management LLC now owns 12,918 shares of the company’s stock worth $229,000 after purchasing an additional 675 shares in the last quarter. Xponance Inc. boosted its holdings in Mattel by 1.6% in the 4th quarter. Xponance Inc. now owns 46,262 shares of the company’s stock valued at $820,000 after purchasing an additional 739 shares during the period. GAMMA Investing LLC increased its holdings in shares of Mattel by 26.6% in the fourth quarter. GAMMA Investing LLC now owns 3,541 shares of the company’s stock worth $63,000 after purchasing an additional 744 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in shares of Mattel by 150.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,543 shares of the company’s stock worth $27,000 after buying an additional 926 shares in the last quarter. Hedge funds and other institutional investors own 97.15% of the company’s stock.

Mattel Stock Performance

Shares of MAT opened at $16.45 on Friday. The stock has a 50 day moving average of $20.25 and a 200 day moving average of $19.28. The company has a current ratio of 2.38, a quick ratio of 2.00 and a debt-to-equity ratio of 1.03. Mattel has a 12 month low of $15.44 and a 12 month high of $22.07. The company has a market capitalization of $5.31 billion, a price-to-earnings ratio of 10.28, a PEG ratio of 2.35 and a beta of 0.51.

Mattel (NASDAQ:MAT) last released its earnings results on Tuesday, February 4th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.15. Mattel had a return on equity of 25.94% and a net margin of 10.07%. During the same quarter in the previous year, the business posted $0.29 EPS. As a group, sell-side analysts forecast that Mattel will post 1.7 earnings per share 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.